Cambodian Securities Exchange:
The index crashed below the 700 point mark yesterday, down 10.83 points (1.53 percent) to finish at 698.13 points. The index is down more than 130 point since the start of June when it recorded its highest ever peak of 833.78.
Trading volume has continued to be solid, however, at 1,550,021,060 riels ($381,215) marking three days of continued volume over 1 billion riels.
Shares in ABC (ACLEDA Bank) as always were the market mover, down 360 riels to 18,260 riels, while PPAP also fell (100 riels to 11,500 riels a share), while PAS rose 280 riels to 15,920 riels a share. All other shares on the market remained with zero change and with little to no trading.
Following on from the rebound in fuel prices announced by Market Watch yesterday, the Cambodian government has decided to artificially lower local fuel prices by 4 cents (1,625 riels) a litre from June 16 to June 30.
Prime Minister Hun Sen, said the decision to lower fuel prices was made in order to facilitate people’s lives and with the participation of fuel distributors in the Kingdom.
As a result of the price reduction, retail prices for the rest of the month will be 2,850 riels for regular petroleum and 2,600 riels for diesel.