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B2B Asia News
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This is a B2B Cambodia Market Update for 23 August, 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up 0.10 points or 0.02% to 412.78.
- Total trade volume was down. 47,869 shares changed hands at a total value of 265.9 million riel or 64,900 US Dollars.
- On the mainboard, three stocks were up. Leading the market was the Phnom Penh Water Supply Authority, up 0.58% or 40 riel to 6,880 riel per share, followed by Pestech Cambodia, which was up 0.41% or 10 riel to 2,450 riel per share. ACLEDA Bank was also up 0.27% to 7,500 riel per share.
- On the other hand, three stocks were down. Phnom Penh Autonomous Port was once again the biggest loser of the day, down 2.43% or 340 riel to 13,660 riel per share, followed by Royal Group Phnom Penh SEZ, which was down 0.88% or 20 riel to 2,240 riel per share. Meanwhile, Grand Twins International, MJQ Education and CAMGSM remained flat.
- Over on the growth board, DBD Engineering was down 0.48% or 10 riel to 2,070 riel per share, while JS Land remained flat.
- ACLEDA Bank recorded the highest trade volume of the day with 25,043 shares changing hands at a total value of 187.5 million riel or 45,800 US Dollars, making up approximately 52% of August 22nd’s total trade volume. MJQ Education followed in a distant second, recording only 6,330 shares at a total value of 12.8 million riel or 3,140 US dollars, accounting for around 13 per cent of Thursday’s trade activity.
- In other market news, MJQ Education announced to its investors that it has inaugurated a new building at the American Intercon School Choam Chao Campus on August 22, 2024. According to the company’s disclosure notice, the new campuses offer a new level of accessibility and all current campuses are also fully registered.
- The Khmer riel to USD strengthened to 4,083 riel per US dollar, while the US dollar index was slightly up to 101.36
- Global commodities, oil prices were little changed on Friday but on track to end the week lower, as weaker U.S. employment data raised concerns over demand, and renewed ceasefire talks in Gaza eased worries about supply disruptions.
- Brent crude futures rose 16 cents, or 0.2%, to $77.38 US dollars a barrel.
- Gold prices inched up but were set for a weekly decline, as the U.S. dollar and Treasury yields rebounded ahead of the U.S. Federal Reserve Chair’s speech that could offer fresh insights on the central bank's interest rate cuts plans.
- Spot gold rose 0.3% to $2,491.35 US dollars per ounce and U.S. gold futures gained 0.4% to $2,526.80 US dollars.
- As of the time of the Cambodian market’s closing on Friday, U.S. stock index futures edged higher with investors awaiting those clues from the U.S. Federal Reserve Chair on interest-rate cuts.
- While minutes from the U.S. Federal Reserve’s July meeting this week showed a number of policymakers were ready to consider rate cuts come September, the Chair’s speech could offer insights on the pace of easing and how the central bank will respond as the economy evolves.
- Dow was up 0.27%, S&P 500 up 0.40%, and Nasdaq was up 0.64%.
Watch the 23 August, 2024 market update in Khmer below: