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Market Watch


Trading volume remains low

The market stayed flat again yesterday with low trade expanding the index slightly by 0.94 points or 0.14 percent to close at 665.17 points.

Trading volumes were under the quarter of a billion level for a second consecutive trading day recorded at 201,461,820 riels ($49,206) with 12,573 shares exchanged.

Individual stocks ABC rose 20 riels to close at 17,300 while PAS and PWSA also increased by 40 riels and 20 riels each to close at 15,000 riels and 5,720 riels after being static for two consecutive days. GTI, PPAP, and PPSP, remained unchanged at 3,060 riels, 11,680 riels, and 2,300 riels respectively

Regional markets mostly up on stimulus talks

Asian markets mostly rose yesterday building on a two-day rally, with nervous investors keeping an eye on stimulus talks in Washington, while China-US tensions continued to weigh on confidence.

Asian markets were mostly higher, with Seoul, Singapore, Mumbai and Jakarta more than 1 percent up, while Shanghai gained 0.3 percent and Sydney put on 0.7 percent.

Taipei, Bangkok and Wellington were also up.

Manila climbed more than 1 percent as traders looked past data showing the Philippines economy contracted 16.5 percent in the second quarter, the worst quarter on records dating back to 1981, and putting it into recession.

Observers said there was an expectation that the economy has suffered the worst and would begin picking up in the second half of the year. Hong Kong slipped 0.7 percent and Tokyo ended down 0.4 percent.

Additional reporting by AFP


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