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Local market has stable day

Cambodia’s securities exchange index closed at 663.79 points contracting 0.03 percent (down 0.19 points). Trading volumes were at 218,529,520 riels ($52,902) with 28,956 shares exchanged.

Yesterday marked the third consecutive trading day with volumes under 250 million riels and the tenth consecutive trading day under 500 million riels.

Individual stocks PWSA, PPAP, PPSP, PAS, ABC, and PEPC were stable, closing at 6,080 riels, 11,680 riels, 2,300 riels, 14,500 riels, 17,320 riels, and 3,280 riels respectively. GTI, however, even with no trade, faced its price dropping to 3,500 riels,  70 riels lower than its base price.

 

Regional markets can’t follow booming Wall Street

Asian investors struggled to take the baton from their Wall Street counterparts yesterday, though tech firms tracked another record on the Nasdaq, boosted by people staying at home.

Traders were also keeping an eye on Washington after Treasury Secretary Steven Mnuchin said he would reach out to the Democrats to work on pushing through a new stimulus package for the beleaguered US economy.

While the wall of cash and central bank pledges of ultra-low interest rates for some time has been key to firing a surge across equities, global titans such as Apple, Samsung and Microsoft are kilometres ahead of the pack.

The run-up in US tech shares has been reflected in Asia and the sector was the standout in bourses across the region.

However, the gains were not enough to bring all the broader markets up. Tokyo, Seoul, Wellington and Bangkok were all higher but there were losses in Hong Kong, Shanghai, Singapore, Mumbai, Manila and Jakarta.

Sydney was the best performer, rallying more than 1 percent after data showing itseconomy fell into recession.

 

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