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B2B Asia News
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This is a B2B Cambodia Market Update for 8 August, 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down by 0.88 points or 0.21% to 413.15
- Total trade volume was also down – 69,817 shares changed hands at a total value of roughly 217 million Khmer riel or around $53,000 US dollars.
- Three stocks were up on the main board. Pestech Cambodia led the market, up 1.23% or 30 riel to 2,470 riel per share. Royal Group Phnom Penh SEZ followed in second, up 0.85% or 20 riel to 2,360 riel per share. The Phnom Penh Autonomous Port, meanwhile, was up 0.27%.
- The biggest loser of the day was Grand Twins International, down 1.60% or 60 riel to 3,700 riel per share, followed by Sihanoukville Autonomous Port, which was down 0.66% or 80 riel to 12,000 riel per share. ACLEDA Bank and the Phnom Penh Water Supply Authority were also down 0.53% and 0.29% respectively.
- Two stocks, MJQ Education and CAMGSM, remained flat.
- Over on the growth board, JS Land was down 0.29% or 10 riel to 3,470 riel per share, while DBD Engineering stayed flat at 2,090 riel per share.
- Royal Group Phnom Penh SEZ recorded the highest trade volume of the day with 46,776 shares changing hands at a total value of 110 million riel or $26,800 US dollars, making up around 62 per cent of the total trade volume on August 8th. MJQ Education followed second, with 11,000 shares changing hands at a total value of 22 million riel or $5,450 US dollar, which was approximately 15% of total shares traded on Thursday.
- In the other market news, the Royal Group Phnom Penh SEZ announced the buyback of 40,000 shares through auction trading, which is 0.0655% in paid-up capital.
- The Khmer riel to USD strengthened slightly to 4,100 riel per US dollar, while the US dollar index was slightly down to 103.08.
- Moving on to global commodities, oil prices held steady on Thursday after two sessions of gains, with growing supply risks in the Middle East offsetting demand concerns that had pushed prices to their lowest since early 2024 at the start of the week.
- Brent crude futures fell 16 cents, or 0.2%, to $78.17 US dollars a barrel.
- Gold prices meanwhile gained, snapping five sessions of losses, as Middle East tensions and optimism surrounding U.S. rate outlook supported safe-haven bullion, while traders awaited more clues on the U.S. Federal Reserve's policy trajectory.
- Spot gold was up 0.8% at $2,399.50 US dollars per ounce. U.S. gold futures were up 0.2% at $2,437.80 US dollars.
- U.S. stock index futures were mixed, as investors turned cautious ahead of another U.S. jobs report that will be closely monitored for more hints on the health of the American economy after weak economic data last week.
- Megacap and growth stocks swung between gains and losses in premarket trading and extended some pressure from the previous session, partly after U.S. Treasury yields rose on soft demand for a $42 billion dollar sale of 10-year notes.
Futures for the S&P 500 were down 0.1%, for the Nasdaq were up 0.06%, and for the Dow were down 0.15%.
Watch the 8 August 2024 market update in Khmer below: