3 September 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 3 September 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was up 1.45 points or 0.35% to 411.47.
• Total trade volume was up to 162,859 shares changing hands at a total value of 891 million riel or $219,500 US dollars.
• On the main board, Grand Twins International led the market, up 5.85% or 210 riel to 3,800 riel per share. Pestech Cambodia followed in second, up 2.46% or 60 riel to 2,500 riel per share. Other stocks up were MJQ  Education, CAMGSM, and ACLEDA Bank.
• Three stocks, meanwhile, were down. The Phnom Penh Autonomous Port was down 0.74% or 100 riel to 13,360 riel per share, and the Phnom Penh Water Supply Authority was down 0.29% or 20 riel to 6,820 riel per share. The Sihanoukville Autonomous Port was also down 0.17% or 20 riel to 11,820 riel per share. Only one stock, Royal Group Phnom Penh SEZ, 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 was up 0.87% or 30 riel to 3,470 riel per share.
   
• ACLEDA Bank once again recorded the highest trade volume of the day with 80,381 shares changing hands at a total value of 601 million riel or $147,000 US dollars, making up approximately 43% of September 3rd’s trade volume. Grand Twins International followed in second, recording 55,542 shares traded at a total value of 208 million riel or $51,160 US Dollars, accounting for 30% of Tuesday’s trade volume.
   
• Exchange rate, the Khmer riel to USD remained stable at 4,062 riel per US dollar, while the US dollar index was up to 101.79.
   
• Looking at global commodities, Brent oil prices declined on Tuesday as sluggish economic growth in China, the world's biggest crude importer, increased demand concerns while a halt to Libyan production and exports provided a floor.
• Brent crude futures fell 92 cents, or 1.2%, to $76.62 US dollars a barrel.
• Gold prices edged higher on optimism that the U.S. Federal Reserve will cut interest rates this month as attention shifted to upcoming jobs data which could provide more insights into the size of rate cuts.
• Spot gold rose about 0.2% to $2,504.02 US dollars per ounce, having hit a more than one-week low in the last session on a firmer dollar. U.S. gold futures rose 0.3% to $2,535.90 US dollars.
   
• U.S. stock futures declined Tuesday as traders braced for a potentially tough month ahead after a strong but volatile August.
• Futures tied to the Dow Jones Industrial Average slipped 180 points, or 0.4%. S&P 500 futures lost 0.5%, and Nasdaq-100 futures fell 0.7%.

Watch the 3 September 2024 market update in Khmer below: