Index falls below 660 as trading pushes over 250 million
Cambodia’s securities exchange index closed at 659.6 points yesterday contracting 0.07 percent (falling 0.47 points). Trading volumes were recorded at 258,529,200 riels ($62,952) with 19,456 shares exchanged.
ABC rose 20 riels to close at 17,300 riels, recording the highest trading volume at more than 200 million riels. GTI again had no shares exchanged for the fifth consecutive day, despite releasing its delayed second quarterly results on Friday, closing at its special quotation price of 3,080 riels. PAS fell 140 riels to close at 14,100 riels, recording the second most trading volumes at 30 million riels.
PEPC fell 50 riels to close at 3,230 riels. PPAP held steady to close at 11,680 riels. PPSP held steady to close at 2,300. PWSA also held steady to close at 6,080 riels.
Yesterday marked the first time the exchange had traded more than 250 million riels in five consecutive trading days and almost tripled that value of Friday’s record low trading day.
However, it was still the 18th consecutive trading day with trading volumes below the 500 million riels level.
Regional markets rise after recent mass sell-off
Other regional markets pushed higher yesterday as investors creep back after a recent sell-off, with Coronavirus vaccine hopes given a boost and traders looking ahead to the Federal Reserve’s latest policy meeting.
But the reimposition of virus containment measures in several countries, worries about high stock valuations, Brexit tensions and uncertainty over the US presidential election are keeping gains in check.
Hong Kong and Shanghai rose 0.6 percent each, while Sydney added 0.7 percent.
Tokyo also rallied 0.7 percent thanks to a surge of 9 percent in SoftBank after it said yesterday it is to sell British chip designer Arm to NVIDIA of the US for up to $40 billion in what would be one of the biggest purchases in the world this year.
There was little reaction to Yoshihide Suga’s victory in ruling party leadership elections putting him on course to become Japan’s next prime minister.
Seoul jumped more than 1 percent, Jakarta surged more than 2 percent and Taipei put on 0.9 percent. Wellington, Mumbai and Manila were also up.
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