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B2B Cambodia
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This is a B2B Cambodia Market Update for 4 July 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up by 0.38 points or 0.09 per cent to 414.37.
- Total trade volume was slightly up to 137,695 shares changing hands, at a total trade value of KHR 956.4 million, or roughly USD 232,000.
- On the main board, four stocks were up, with the Phnom Penh Autonomous Port leading the market once again, up 9.96 per cent or KHR 1,440 to KHR 15,900 per share. Pestech Cambodia followed in second, up 2.27 per cent or KHR 50 to KHR 2,250 per share. Other stocks up were the Phnom Special Economic Zone and ACLEDA Bank.
- On the downside, Sihanoukville Autonomous Port was the biggest loser of the day, down 3.10 per cent or KHR 380 to KHR 11,880 per share. The Phnom Penh Water Supply Authority followed in second, down by 1.13 per cent or KHR 80 to KHR 7,000 per share. CAMGSM and Grand Twins International, meanwhile, remained flat.
- On the growth board, DBD Engineering was up by 0.49 per cent or KHR 10 to KHR 2,070 per share, while JS Land was down 2.11 per cent or KHR 80 to KHR 3,710 per share.
- ACLEDA Bank was the day’s trade volume leader, with 34,494 share changing hands at a value of 258.9 million riel or around USD 62,800, equivalent to roughly 18.6 per cent of all shares traded on July 4. Royal Group Phnom Penh SEZ followed closely in second with 34,482 shares traded at a value of USD 19,125.
- In other market news, the CSX saw the 23rd Profile Listing of a Government Bond by the Ministry of Economy and Finance, with an issue price between KHR 979,431 to KHR 1,014,004 per unit, so roughly between USD 238 to 250 per unit, and a total of 43,300 units issued. The government bond has a 4.5 per cent per annum coupon rate and a maturity of three years, with coupon payments to be made twice.
- The KHR-USD weakened slightly to KHR 4,118 per USD, while the US dollar index was down to 105.40.
- Oil prices edged lower on Thursday, retreating from the previous session's multi-month highs, with investors taking profits as demand caution remained in focus despite last week's decline in U.S. inventories.
- Brent crude futures were down 43 cents, or 0.49 per cent, at USD 86.91 a barrel while U.S. West Texas Intermediate crude futures fell 49 cents, or 0.58 per cent, to USD 83.39 in trade thinned by the U.S. Independence Day holiday.
- Gold prices slightly decreased, but stayed close to a two-week high reached in the previous session. This follows weaker-than-expected US economic data.
- Spot gold dipped 0.1 per cent to USD 2,353.14 per ounce after reaching its highest level since June 21 in the previous session. US gold futures also fell, losing 0.3 per cent to USD 2,363.10 per ounce.
- US stock and bond markets will be closed for the Fourth of July holiday, with trading only resuming on July 5.
- European shares meanwhile rose amid optimism around U.S. interest rate cuts following soft economic data, while London markets gained as voting began in the UK with opinion polls predicting a historic win for the Labour party.
- Japan’s benchmark Nikkei 225 gained 0.8 per cent to 40,913.65, with buying of automakers' shares and other export oriented stocks pushing the benchmark to an all-time high.
- Elsewhere in Asia, Hong Kong's Hang Seng recovered from early losses, rising 0.2 per cent to 18,018.72, and the Shanghai Composite index shed 0.8 per cent to 2,957.57.
Watch the 4 July 2024 market update in Khmer below: