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B2B Cambodia
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This is a B2B Cambodia Market Update for 10 July 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down by 3.19 points or 0.76 per cent to 415.54
- Total trade volume was slightly up to 89,190 shares changing hands at a total trade value of KHR 429.3 million, or roughly USD 104,300.
- On the main board, three stocks were up. Grand Twins International led the market once again with a 3.17 per cent or KHR 100 rise to KHR 3,250 per share. Pestech Cambodia was up 0.82 per cent or KHR 20 to KHR 2,450 per share and Royal Group Phnom Penh SEZ was up 0.44 per cent or KHR 10 to KHR 2,280.
- On the downside, CAMGSM was the biggest loser of the day, down 1.63 per cent or KHR 40 to KHR 2,420 per share. Following in second was the Phnom Penh Autonomous Port, down 1.41 per cent or KHR 240 to KHR 16,800 per share. Other stocks down were MJQ Education, the Sihanoukville Autonomous Port, and the Phnom Penh Water Supply Authority. ACLEDA Bank remained flat.
- On the growth board, both companies were up, DBD Engineering was up 0.48 per cent or KHR 10 to KHR 2,090 per share, while JS Land was up 0.28 per cent or KHR 10 to KHR 3,640 per share.
- Grand Twins International took CAMGSM’s place today as the highest traded stock, with 40,796 shares changing hands at a value of KHR 133.4 million or USD 32,400, equivalent to 40.7 per cent of total trades on July 10. Following in second was ACLEDA Bank, with 20,505 shares traded at a value of KHR 154.3 million or USD 37,500, accounting for 20 per cent of trades in the market.
- In other market news, the Securities and Exchange Regulator of Cambodia (SERC) signed a Memorandum of Understanding (MoU) with ACLEDA University of Business (AUB) for “Cooperation on Raising Awareness and Human Resource Development in the Securities Sector in the Kingdom of Cambodia”. The main purpose of this MoU is to raise awareness and financial literacy among students who are potential future investors or human resources for the Cambodian securities sector. According to Dr. Phon Narin, Rector of AUB, through this MoU, the university will design a training course for students aligned with the standards, laws and regulations of the SERC, also with a focus on the preparation of corporate governance policies.
- The KHR-USD strengthened slightly to KHR 4,116 per USD, while the US dollar index was up to 105.10.
- Oil prices dipped on Wednesday as the impact from Hurricane Beryl dissipated and inflation data highlighted stubbornly weak consumer demand in top crude importer China. Brent futures were down 58 cents, or 0.69 per cent, at USD 84.08 a barrel, after falling 1.3 per cent in the previous session.
- Gold futures were up 0.5 per cent to USD 2,379.4 a troy ounce as hopes grow for a U.S. Federal Reserve interest-rate cut sooner rather than later.
- Stock futures meanwhile were little changed on Wednesday afternoon after the S&P 500 notched a fresh record close.
- Futures connected to the Dow Jones Industrial Average dipped 9 points or 0.02 per cent. S&P 500 futures and Nasdaq-100 futures climbed 0.05 per cent and 0.15 per cent respectively.
Watch the 10 July 2024 market update in Khmer below: