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B2B Cambodia
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This is a B2B Cambodia Market Update for 9 May 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange (CSX) Index rose for the second straight day, up 1.80 points to 413.74.
- Volume was moderate at 388,187 shares trading hands at a value of USD $541,000,
- ACLEDA Bank was the most active stock rising 120 Khmer Riel per share, or 1.6 per cent, to 7,680 Khmer Riel per share.
- Sihanoukville Autonomous Port was among today’s winners gaining 160 Khmer Riel per Share, or 1.3 per cent, to 12,450 Khmer Riel per share on very light volume of 129 shares traded.
- On the downside Phnom Penh SEZ lost 20 Khmer Riel per share to 2,020 Khmer Rile per share.
- In corporate news Grand Twins International notified investors and the public that there will be a delay in releasing its first quarter report to the Securities and Exchange Regulator due to public holidays. The report was due May 15th and will now be released May 27th.
- The stock was down 0.43 per cent on light volume on the news.
- Telecotech Ltd. an issuer of two traded bonds, 800,00 issue size with a coupon of 4.5 per cent maturing August 2026 and 820,800 issue size maturing December 2028, reported total 2023 revenues of USD $22.1 million down from USD $21.9 million in the prior year. Net Profit for the year was USD $491,000, substantially down from 2m the in 2022. We will breakdown Telcotech’s financial report in a future segment.
- The KHR Riel to USD remains weak at 4076 Riel per USD on a slightly higher USD Dollar Index of 105.70, as the U.S. Federal Reserve holds U.S. rates steady with no change.
- Brent Crude on the rise at USD $84.23 a barrel, given a drop in U.S. inventories.
- Gold is trading at USD $2,319.60 an ounce, down USD $2.70.
- Dow Futures down 73 points, expecting a softer New York open as U.S. Treasuries yields move higher.
Watch the 9 May 2024 market update in Khmer below: