7 August, 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 7 August, 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was up by 0.95 points or 0.23% to 414.03.
• Total trade volume was slightly down – 100,033 shares changed hands at a total value of roughly 528 million Khmer riel or around $128,680 US dollars.
• Only one stock was up on the main board. CAMGSM was up 0.83% or 20 riel to 2,420 riel per share .
• On the other hand, four stocks were down. Grand Twins International was the biggest loser of the day, down 0.79% or 30 riel to 3,760 riel per share, followed by Phnom Penh Autonomous Port, which was down 0.66% or 100 riel to 14,940 riel per share.
• ACLEDA Bank and the Phnom Penh Water Supply Authority were down 20 riel each, seeing a 0.27% and 0.29% percentage loss respectively.
• Meanwhile, MJQ Education, Pestech Cambodia, Sihanoukville Autonomous Port and Royal Group Phnom Penh SEZ remained flat.
• On the growth board, JS Land was down 9.61% or 370 riel to 3,480 riel per share, while DBD Engineering stayed flat at 2,090 riel per share.
   
• ACLEDA Bank recorded the highest trade volume of the day, with 44,110 shares changing hands at a total value of 330 million riel or  $80,500 US dollars, making up around 31 per cent of total shares traded on August 7th. Royal Group Phnom Penh SEZ followed, recording 34,759 shares traded at a total value of 81 million riel or $19,800 US dollar, equivalent to 25 per cent of Wednesday’s trade volume.
   
• The Khmer riel to USD strengthened slightly to 4,105 riel per US dollar, while the US dollar index was slightly up to 103.17.
   
• Oil prices crept higher on Wednesday, though Brent still languished near seven-month lows, pressured by concerns over weak demand and fears of recession in the United States.
• The threat of conflict escalating in the Middle East and endangering oil production has supported prices since Tuesday.
  Brent crude futures were up 45 cents, or 0.6%, to $76.93 US dollars a barrel.
• Gold prices also inched up, driven by safe-haven demand and rising bets that the U.S. Federal Reserve might reduce interest rates as early as September, while a rebound in U.S. dollar and Treasury yields limited gains.
• Spot gold rose 0.2% to $2,393.66 US dollars per ounce, having settled lower in the previous four sessions. U.S. gold futures gained 0.1% to $2,434.00 US dollars.
• Stock futures popped after Wall Street snapped a three-day losing streak. Investors also looked to claw back more of the losses suffered earlier in the week.
• Futures tied to the Dow Jones Industrial Average gained 305 points, or 0.8%. S&P 500 futures rose 1.1%, while Nasdaq 100 futures jumped 1.3%.

Watch the 7 August, 2024 market update in Khmer below: