5 September 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 5 September 2024 , reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was down 0.84 points or 0.20% to 411.64.
• Total trade volume was down to 82,371 shares changing hands at a total value of 531 million riel or $130,000 US dollars.
• On the mainboard, three stocks were up. The Phnom Penh Autonomous Port led the market, up 0.30% or 40 riel to 13,540 riel per share, followed by Grand Twins International, which was up 0.26% or 10 riel to 3,830 riel per share. 
• The Sihanoukville Autonomous Port was also up 0.17% or 20 riel to 11,860 riel per share.
• On the downside, MJQ Education was the biggest loser of the day, down 0.49% or 10 riel to 2,040 riel per share, followed by CAMGSM, which was down 0.41% or 10 riel to 2,420 riel per share. 
• Other stocks down were Pestech Cambodia and the Phnom Penh Water Supply Authority. Meanwhile, Royal Group Phnom Penh SEZ and ACLEDA Bank 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 at 3,470 riel per share.
   
• ACLEDA Bank once again recorded the highest trade volume of the day with 46,357 shares changing hands at a total value of 346 million riel or $84,800 US dollars, making up approximately 56% of September 5th’s trade volume. Grand Twins International once again  recorded the second highest trade volume of the day, with 14,532 shares traded at a total value of 56 million riel or $13,670 US Dollars, accounting for 17% of Thursday’s trade volume.
   
• In other market news, Pestech Cambodia has announced that its shareholders voted to approve of Ms. Tann Sochan as a new Director of the company. The current composition of Pestech Cambodia’s Board of Directors now consists of five directors, which is in compliance with the Company's Articles of Incorporation.
   
• Exchange rate, the Khmer riel to USD slightly weakened to 4,076 riel per US dollar, while the US dollar index was down to 101.15.
   
• Looking at global commodities, oil prices firmed on Thursday, edging up from multi-month lows on a possible delay to output increases by OPEC+ producers and a decline in U.S. inventories, though the gains were capped by persisting demand concerns.
• Figures from the American Petroleum Institute (API) showed U.S. crude oil inventories fell by 7.431 million barrels last week, far exceeding the 1 million barrel draw expected by analysts in a Reuters poll.
• Brent crude for November rose 42 cents, or 0.6%, to $73.12 US dollars a barrel after touching its lowest since December on Wednesday.
• Gold rose after recent data raised bets for a supersized U.S. Federal Reserve interest rate cut this month, but caution ahead of U.S. payrolls data capped further gains.
• Spot gold advanced 0.5% to $2,506 US dollars per ounce. U.S. gold futures firmed 0.4% to $2,536.10 US dollars.
   
• The S&P 500 and the Nasdaq Composite fell for a second straight session in a lacklustre start to September. The S&P 500  lost 0.16% to finish at 5,520.07, while the Nasdaq Composite slipped 0.3% to close at 17,084.30. 
• The Dow Jones Industrial Average was the outlier, edging up 38.04 points, or 0.09%, to end at 40,974.97.
• Nvidia fell 1.7% following a Bloomberg report that the U.S. Justice Department sent subpoenas to the chipmaker. The move comes after Nvidia tumbled more than 9% Tuesday amid a broader pullback in semiconductors.

Watch the 5 September 2024 market update in Khmer below: