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B2B Asia News
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This is a B2B Cambodia Market Update for 6 September 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up 0.69 points or 0.17% to 412.33.
- Total trade volume was down to 38,046 shares changing hands at a total value of 239 million riel or $58,700 US dollars.
- On the main board, three stocks were up. The Phnom Penh Autonomous Port led the market, up 0.44% or 60 riel to 13,600 riel per share, followed by CAMGSM, which was up 0.41 or 10 riel to 2,430 riel per share. Pestech Cambodia was also up 0.40% or 10 riel to 2,500 riel per share.
- On the downside, Royal Group Phnom Penh SEZ was the biggest loser of the day, down 0.89% or 20 riel to 2,220 per share, and the Phnom Penh Water Supply Authority was also down 0.29% or 20 riel to 6,780 riel per share.
- The rest of the main board, including MJQ Education, Sihanoukville Autonomous Port, ACLEDA Bank and Grand Twins International, remained flat.
- Over on the growth board, DBD Engineering and JS Land also stayed flat at 2,070 riel per share and 3,470 riel per share respectively.
- ACLEDA Bank once again recorded the highest trade volume of the day with 22,936 shares changing hands at a total value of 172 million riel or $42,150 US dollars, making up approximately 59% of September 6th’s trade volume.
- Grand Twins International once again recorded the second highest trade volume of the day but with only 8,434 shares traded at a total value of 32 million riel or $7,900 US Dollars, accounting for 22% of Friday's trade volume.
- In other business news, The Cambodian government has launched the “Electronic Know Your Business (e-KYB) System,” designed to verify the identity, status, and legal compliance of enterprises, as well as their relationships with other individuals or companies. According to a government press release, the e-KYB system was developed within the CamDX ecosystem, which allows for effortless access to data in government databases without compromising the security and ownership of the data, and with minimal technical changes in existing information systems.
- Exchange rate, the Khmer riel to USD strengthened slightly to 4,074 riel per US dollar, while the US dollar index was down to 100.99.
- Looking at global commodities, oil prices held their ground on Friday as investors awaited U.S. employment data, but the commodity was on track for a weekly loss despite a delay to supply increases by OPEC+ producers.
- Brent crude futures rose 37 cents, or 0.51%, to $73.06 US dollars a barrel. For the week, Brent was poised to register a more than 7% decline.
- Gold prices were steady near one-week highs, on track for a small weekly rise, aided by a weaker dollar as investors awaited U.S. payrolls data to gauge the strength of the labour market and the scale of a potential interest rate cut this month.
- Spot gold was little changed at $2,517 US dollars per ounce, holding near a one-week high of $2,523.29 US dollars hit in the previous session. Bullion has added around 0.6% so far this week.
- U.S. stock index futures fell on Friday ahead of key jobs data that could be pivotal when the U.S. Federal Reserve decides on the size of its interest rate cut that is expected later this month. Futures were down, with Dow down 0.39%, S&P 500 down 0.70%, and Nasdaq down 1.23%.
Watch the 6 September 2024 market update in Khmer below: