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B2B Asia News
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This is a B2B Cambodia Market Update for 27 May 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange (CSX) Index was up 1.94 points, or 0.47 per cent, to 416.4
- Total trade volume is up from Friday with 104,143 shares changing hands at a total trading value of over 478.8 million Khmer Riel or over $117,000 US dollars.
- On the Main Board, Pestech Cambodia Plc. saw the biggest percentage gain, just as it did in our last report on Friday, up 2.69 per cent or 60 riel to 2,290 riel per share.
- CAMGSM Plc. followed second, up 0.83 per cent or 20 riel to 2,440 riel per share.
- Other stocks that saw their price increase include Phnom Penh SEZ Plc., Grand Twins International, Sihanoukville Autonomous Port, and ACLEDA Bank.
- On the downside, the Phnom Penh Autonomous Port was down 0.60 per cent or 80 riel to 13,340 riel per share, while MJQ Education was also down 0.49 per cent or 10 riel to 2040 riel per share.
- The Phnom Penh Water Supply Authority saw no change, with a stable stock price of 7,380 riel per share.
- MJQ Education saw the highest number of shares trade, with 37,997 shares changing hands at a total value of 77.6 million Khmer Riel or 19,025 US dollars. The second top contributor to the trade volume was ACLEDA Bank (ABC) once again with 30,536 shares changing hands at a value of 233.5 million Khmer riel or over 57,000 US dollars.
- Pestech Cambodia Plc. and Grand Twins International saw the lowest number of shares traded with 162 and 377 shares traded respectively, with a combined value of 1.2 million Khmer riel or roughly 294 US dollars.
- On the growth board, JS Land (JSL) was up 8.82 per cent increase, or 350 riel per share, to 4,320 riel per share, while DBD Engineering (DBDE) was up 0.46 per cent or 10 riel to 2190 riel per share.
- In other market news, the Phnom Penh Water Supply Authority (PWSA) released the minutes of its 12th General Meeting of Shareholders during which it was decided that a total cash dividend of 4.5 billion Khmer riel, equal to 350 Khmer riel per share, would be distributed to private shareholders from June 19 to 25 2024.
- The Royal Railway (RRC32A) also released its first quarterly report of 2024, reporting a total revenue of 3.2 million US dollars or 13.3 billion Khmer Riel, which was a 4.48 per cent increase compared to the same period in 2023. Meanwhile, the Royal Railway also reported it saw a net loss of a whopping 419.98 per cent, down 2.6 million US dollars or 10.7 billion Khmer Riel to negative 2 million US dollars or negative 8.1 million US dollars.
- The Sihanoukville Autonomous Port (PAS) also released its Q1 2024 report, sharing a total revenue of approximately $23.8 million US dollars or 97.7 billion Khmer riel, an increase of 25.43 per cent compared to Q1 2023. However, the company’s Q1 2024 net profit was $8.1 million US dollars or 33.2 billion Khmer riel down, 49.53 per cent compared to the same period in 2023.
- The Khmer riel to USD weakened to 4079, while the US dollar index fell slightly to 104.69.
- Oil prices were steady in Asian trading on Monday as markets awaited an OPEC+ meeting on June 2nd, where producers are expected to discuss maintaining voluntary output cuts for the rest of the year.
- The Brent crude July contract was up 24 cents to 82.36 US dollars per barrel. The more-active August contract rose 29 cents to 82.13 US dollars.
- Gold prices ticked up on Monday, as investors assessed diminishing bets of U.S. interest rate cuts ahead of a key inflation report due later in the week. Spot gold was up 0.5 per cent to 2,344.46 US dollars per ounce. U.S. gold futures also climbed 0.5 per cent to 2,345.60 US dollars.
- The futures for the S&P 500 slipped less than 0.1 per cent,
- While the Dow Jones Industrial Average fell just over 0.1 per cent as well.
- Meanwhile, Tokyo's Nikkei Index added 0.7 per cent to 38,900.02.
Watch the 27 May 2024 market update in Khmer below: