Cambodian Securities Exchange:
The local index has finished at 701.22 points yesterday dropping 5.67 points (0.80 percent). Trading volume was slightly over the half billion riels market to 562,675,260 riels ($137,223) with 53,738 individual shares exchanged.
PWSA the standout stock yesterday increasing to 5,700 riels and recorded trading value of 111.62 million riels, ABC dropped to 18,300 riels. Besides PPAP whose price rose to 11,800 riels, the rest, GTI, PPSP, and PAS, decreased to 3,320 riels, 2,320 riels and 16,000 riels respectively.
The market is following insider prediction made by Market Watch over the past week, with relatively lower volumes and more stability in the market because short term ABC investors have now already cashed in.
Cambodia exported $627 million of products to Japan in the first four months of this year, up 4 percent compared with the same period last year.
Figures from Japan External Trade Organisation (JETRO) show that from January to April, the bilateral trade between the two nations saw an increase by 4 percent to $778 million.
During the same period, Cambodia’s imports from Japan were valued at $151 million, a 3 percent increase.
According to the Ministry of Commerce, the major products for export from Cambodia to Japan are clothes, footwear and electronics.
Last year, the two-way trade between the countries rose by 13 percent to $2,292 million.
Asian markets suffered steep losses yesterday after tracking heavy losses in New York on Friday.
Tokyo lost more than 2 percent and Seoul was 1.9 percent off, while Sydney, Mumbai, Taipei, Manila and Singapore lost more than 1 percent each.
Hong Kong sank 1.3 percent as investors there keep a nervous eye on this week’s July 1 China handover anniversary, fearful of fresh protests.
Shanghai finished 0.6 percent lower, with little solace in upbeat weekend data showing profits at Chinese industrial firms that rose last month for the first time since November.
There were also losses in Jakarta and Bangkok, while London, Paris and Frankfurt all opened lower.
“Equity market consolidation is broadly in line with our thinking that equities were getting ahead of economic fundamentals,” said Tai Hui, a strategist at JP Morgan Asset Management.