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B2B Asia News
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This is a B2B Cambodia Market Update for 22 August, 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up 0.57 points or 0.14% to 412.68
- Total trade volume was up from Wednesday, with 86,737 shares changing hands, however, with a lower total value, at 341 million riel or 83,500 US Dollars.
- On the mainboard, three stocks were up. Leading the market was Pestech Cambodia, up 1.67% or 40 riel to 2,440 riel per share, followed by MJQ Education, which was up 0.99% or 20 riel to 2,050 riel per share. The Sihanoukville Autonomous Port was also up 100 riel to 12,000 riel per share.
- On the downside, Phnom Penh Autonomous Port was the biggest loser of the day, down 0.85% or 120 riel to 14,000 riel per share, followed by Grand Twins International, which was down 0.28% or 10 riel to 3,600 riel per share. Meanwhile, just as it was yesterday, Royal Group Phnom Penh SEZ, CAMGSM and ACLEDA Bank remained flat.
- Over on the growth board, DBD Engineering remained flat once again, while JS Land was down 1.15% or 40 riel to 3,450 riel per share.
- Royal Group Phnom Penh SEZ recorded the highest trade volume of the day with 49,941 shares changing hands at a total value of 112 million riel or 27,550 US Dollars, making up approximately 56% of the total trade volume on August 22nd. ACLEDA Bank recorded the second highest trade volume of the day with 20,246 shares changing hands at a total value of 151 million riel or 37,000 US dollars, making up 23 per cent of total trades on Thursday.
- In other market news, Royal Group Phnom Penh SEZ has announced the buyback of 47,541 shares through Auction Trading Method, accounting for 0.074% in paid-up capital
- Exchange rate, the Khmer riel to USD remained stable at 4,085 riel per US dollar, while the US dollar index was down to 101.26
- Oil prices edged lower for a fifth session on Thursday as investors worried about the global demand outlook, however a decline in U.S. fuel inventories limited declines.
- Brent crude futures slipped 2 cents to $76.03 US dollars a barrel.
- Prices have plunged amid a report on Wednesday of revised employment statistics in the U.S., the world's biggest oil consumer, that showed fewer jobs were added in 2024 than previously reported, and weak economic data last week from China, the world's second-largest economy and largest oil importer.
- Gold eased to around $2,500 US dollars per ounce, remaining close to record levels as markets continued to assess the U.S. Federal Reserve’s dovish stance reflected in the recent Federal Open Market Committee minutes.
- U.S. stock index futures were marginally higher on Thursday, as sentiment remained upbeat about the U.S. Federal Reserve possibly kicking off its policy easing cycle next month, with focus now shifting to U.S. policymakers' commentary at Jackson Hole this week.
- Futures for the Dow were up 50 points, or 0.12%, for the S&P 500 were up 5 points, or 0.09% and for the Nasdaq 100 were up 13.25 points, or 0.06%.
Watch the 22 August, 2024 market update in Khmer below: