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B2B Asia News
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This is a B2B Cambodia Market Update for 9 September 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down 1.2 points or 0.25% to 411.31.
- Total trade volume was very light, with only 46,431 shares changing hands at a total value of 287.4 million riel or $70,400 US dollars.
- On the main board, no stocks were up and three were down. Grand Twins International was the biggest loser of the day, down 0.52% or 20 riel to 3,810 per share, followed by the Sihanoukville Autonomous Port, which was down 0.51% or 60 riel to 11,800 riel per share.
- Other stocks down were CAMGSM and the Phnom Penh Water Supply Authority.
- The rest of the main board remained flat.
- Over on the growth board, DBD Engineering remained flat while JS Land was down 0.29% or 10 riel to 3,460 riel per share.
- ACLEDA Bank still recorded the highest trade volume of the day with 25,146 shares changing hands at a total value of 187.8 million riel or around $46,000 US dollars, making up approximately 52% of September 9th’s trade volume.
- The Phnom Penh Water Supply Authority recorded the second highest trade volume of the day with 10,753 shares traded at a total value of 72.1 million riel or close to $17,700 US Dollars, accounting for 22% of Monday’s trade volume.
- Exchange rate, the Khmer riel to USD remained stable at 4,074 riel per US dollar, while the US dollar index was up to 101.56.
- Looking at global commodities, Oil futures jumped by about 1% on Monday as a potential hurricane approaching the U.S. Gulf Coast helped oil prices to recover some of the previous week's heavy losses.
- Brent crude rose 67 cents, or 0.94%, to $71.73 US dollars a barrel.
- Gold prices dipped as the dollar ticked higher, while investors looked towards this week's U.S. inflation data to gauge how far the U.S. Federal Reserve will cut interest rates.
- Spot gold fell 0.2% to $2,491.11 US dollars per ounce. U.S. gold futures edged 0.2% lower to $2,520.30 US dollars.
- Asian share markets slipped on Monday as worries about U.S. and Chinese growth weighed on sentiment, though U.S. and European stock futures did manage a bounce while bond yields came off their lows.
- Chinese blue chips dropped 1.0% to seven-month lows, having already shed 2.7% last week. Japan's Nikkei bore the brunt of the early selling as tech stocks declined, losing another 0.8% on top of a near 6% slide last week.
- U.S. stock futures were higher on Monday morning following a tough week for the equity market. S&P 500 futures rose 0.37%, while Nasdaq 100 futures climbed 0.53%. Futures tied to the Dow Jones Industrial Average edged higher by 117 points, or 0.29%.
Watch the 9 September 2024 market update in Khmer below: