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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 2.39 points or 0.58 per cent to 416.76
- Total trade volume was much higher than it’s been for the past few sessions, with 544,813 shares changing hands at a total trade value of KHR 1.75 billion, or roughly USD 426,400.
- On the main board, five stocks were up. Pestech Cambodia led the market, rising 7.56 per cent or KHR 170 to KHR 2,420 per share. The Phnom Penh Autonomous Port followed in second, up 4.65 per cent or KHR 740 to KHR 16,640 per share. Other stocks up were the Sihanoukville Autonomous Port, which was up 1.18 per cent, the Phnom Penh Water Supply Authority which was up 1.14 per cent and CAMGSM, which was up 0.46 per cent.
- On the downside, Grand Twins International dropped 1.72 per cent or KHR 50 to KHR 2,860 per share, and Royal Group Phnom Penh SEZ was also down 0.44 per cent or KHR 10 to KHR 2,280 per share. Meanwhile, ACLEDA Bank and MJQ Education remained flat.
- On the growth board, both stocks were down. DBD Engineering was down by 0.48 per cent or KHR 10 to KHR 2,060 per share, while JS Land was down 2.70 per cent or KHR 100 to KHR 3,610 per share.
- Grand Twins International was the day’s trade volume leader with 410,019 shares changing hands at a value of over KHR 1 billion or USD 263,700, equivalent to 66 per cent of total shares traded on July 5. Royal Group Phnom Penh SEZ closed with the second highest trade volume, recording a total of 100,389 shares traded at a value of KHR 229.6 million or USD 55,719, equivalent to 16 per cent of the total trade volume.
- In other market news, Grand Twins International announced the company’s decision to increase its Short-term Borrowings, with a new short term loan of USD 5 million taken from the Taiwanese ‘Shin Kong Commercial Bank’ in order to pay for raw materials and for the company’s working capital. According to the disclosure statement published on the CSX website, the loan agreement is for one year and has an interest rate of 1.75 per cent per annum.
- The KHR-USD remained unchanged at KHR 4,118 per USD, while the US dollar index was slightly down to 105.17.
- Oil prices were little changed on Friday, trading near their highest since late April and on track for a fourth straight week of gains, driven by hopes of strong summer fuel demand and some supply concerns.
- Brent crude futures were up 11 cents, or 0.13 per cent at USD 87.54 a barrel.
- With the U.S. market shut on Thursday for the Independence Day holiday, trading was thin, but prices have otherwise risen this week due to strong summer demand expectations in the United States.
- Gold prices were poised for a second straight weekly rise on Friday helped by a softer U.S. dollar, while investors braced for the non-farm payrolls data, which could provide further cues on the U.S. Federal Reserve's rate cut timeline.
- Spot gold rose 0.4 per cent to USD 2,364.87 per ounce, after hitting a two-week high at USD 2,367.99. Bullion was up more than 1 per cent for the week so far. U.S. gold futures gained 0.2 per cent to USD 2,372.90.
- U.S. stock index futures inched up after returning from a Fourth of July holiday.
- Dow futures were 0.06 per cent, S&P 500 were up 0.04 per cent, while Nasdaq 100 futures were up 0.10 per cent.
Watch the 5 July 2024 market update in Khmer below: