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B2B Asia News
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This is a B2B Cambodia Market Update for 2 August 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up by 0.54 points or 0.13% to 414.47
- Total trade volume was up – 117,194 shares changed hands at a total value of roughly 600 million Khmer riel or around $146,200 US dollars.
- Five stocks were up on the main board today. Pestech Cambodia led the market, up by 1.23% or 30 riel to 2,470 riel per share, followed by Royal Group Phnom Penh SEZ, which was up 0.87% or 20 riel to 2,310 riel per share. Other stocks that saw their prices increase were ACLEDA Bank, Sihanoukville Autonomous Port, and Phnom Penh Autonomous Port.
- Only one stock was down – Grand Twins International dropped 0.53% or 20 rial to 3,780 riel per share. Meanwhile, Phnom Penh Water Supply Authority, CAMGSM and MJQ Education remained flat.
- On the growth board, both companies were up. DBD Engineering was up 0.48% or 10 riel to 2,090 riel per share, while JS Land was up 0.29% or 10 riel to 3,500 riel per share.
- ACLEDA Bank recorded the highest trade volume of the day with 61,617 shares changing hands at a total value of 462.7 million riel or around $112,600 US dollar, accounting for 52% of total shares traded on August 2nd. Royal Group Phnom Penh SEZ had the second highest trade volume of the day, with 32,485 shares changing hands at a total value of 74.5 million riel or $18,160 US dollars, making up around 27% of Friday’s trade volume.
- The Khmer riel to USD remained unchanged at 4,109 riel per US dollar, while the US dollar index was slightly down to 104.14.
- Moving on to global commodities, oil prices rose on Friday but were on course for a fourth successive weekly decline as signs of disappointing global fuel demand growth outweigh fears of supply disruptions on rising Mideast tensions.
- Brent crude futures gained 46 cents, or 0.6%, to $79.98 US dollars a barrel.
- Gold prices were poised for their biggest weekly jump in four months, supported by safe-haven demand and expectations that the U.S. Federal Reserve would start cutting interest rates in September as markets await a key jobs report for further cues.
- Spot gold was up 0.7% at $2,463.45 US dollars per ounce, just $22 dollars shy of the record peak of $2,483.60 US dollars scaled on July 17. Bullion is on track for its biggest weekly gain since April 5.
- Global stocks were set to end a roller-coaster week in the red as investor anxiety about U.S. growth combined with downbeat earnings weighed on tech stocks, while gold, government bonds and currencies seen as safe havens gained.
- In a selloff that started in Asia and sent Japan's Nikkei 225 share index down 5.8% in a loss not seen since the March 2020 COVID-19 crisis.
- U.S. index futures fell sharply following downbeat forecasts from Amazon and Intel, with investors awaiting a crucial jobs report for further clues on the labour market amid lingering concerns over an economic slowdown.
- Futures were down 0.57% for the Dow, 0.96% for the S&P 500, and 1.58% for Nasdaq.
Watch the 2 August 2024 market update in Khmer below: