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B2B Cambodia
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This is a B2B Cambodia Market Update for 9 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 0.81 points or 0.19 per cent to 418.73
- Total trading volume was light and lower than yesterday, with 76,465 shares changing hands at a total trade value of KHR 364.4 million, or roughly USD 88,500.
- On the main board, four stocks were up. Grand Twins International led the market with a 9.76 per cent or KHR 280 rise to KHR 3,150 per share. Both Pestech Cambodia and CAMGSM were up 0.41 per cent or KHR 10 individually, while the Phnom Penh Water Supply Authority was up 0.28 per cent or KHR 20 to KHR 7,060 per share.
- On the downside, Royal Group Phnom Penh SEZ was the biggest percentage loser of the day, down 1.30 per cent or KHR 30 to KHR 2,270 per share, followed by the Phnom Penh Autonomous Port which was down 1.16 per cent or KHR 200 to KHR 17,040 per share. The Sihanoukville Autonomous Port was also down 0.49 per cent to KHR 12,160 per share, while MJQ Education and ACLEDA bank once again remained flat.
- On the growth board, DBD Engineering stayed flat, while JS Land was down 1.36 per cent or KHR 50 to KHR 3,630 per share.
- CAMGSM recorded the highest trade volume of the day with 21,097 shares changing hands at a total value of KHR 51.5 million or USD 12,500, equivalent to 23.9 per cent of total shares traded on the market, on July 9.
- ACLEDA Bank followed second with 16,954 shares changing hands, accounting for around 19 per cent of the day’s trade volume, while retaining its status as the stock with the highest daily trade value of KHR 127.6 million or USD 31,000.
- The KHR-USD weakened slightly to KHR 4,119 per USD, while the US dollar index was up to 105.05, edging higher from its lowest levels in almost a month versus major peers in the previous session.
- The Euro, on the other hand, held its ground after Monday's sharp swings as investors came to terms with a hung parliament in France, which points to a potential political gridlock, but lessens fiscal concerns stemming from outright far-right or leftist victories.
- Oil prices slipped on Tuesday after Hurricane Beryl, which hit a key U.S. oil-producing hub in Texas, caused less damage than markets had expected, easing concerns over supply disruption.
- Brent futures fell 49 cents or 0.6 per cent to USD 85.26 a barrel, while U.S. West Texas Intermediate crude slipped 54 cents or 0.7 per cent to USD 81.79.
- Gold prices ticked higher on Tuesday, with investors awaiting comments from the U.S. Federal Reserve Chair and U.S. June inflation data for further cues on the direction of interest rates.
- Spot gold was up 0.2 per cent at USD 2,363.69 per ounce, U.S. gold futures firmed 0.3 per cent to USD 2,370.80.
- U.S. stock index futures rose with megacap technology and semiconductor stocks set to prolong Monday's rally.
- The S&P 500 and the Nasdaq inched upwards to close at record highs on Monday, lifted by the rally in chip stocks as the Philadelphia semiconductor index rose to a more than two-week high. Dow was up 0.12 per cent, S&P 500 0.24 per cent, Nasdaq 0.40 per cent.
Watch the 9 July 2024 market update in Khmer below: