English
Cambodia: Market Watch
Cambodian Securities Exchange:
The index rose for the first time this week increasing 2.92 points (0.4 percent) to close at 730.66. The small rise stops four days of falls that have taken some steam out the market since reaching more than 800 points in early June. Trading volumes were at 608,705,880 riels ($148,288) with 41,963 individual shares traded. Trading volumes have remained low this week after the extreme surge in trading after the ACLEDA Bank initial public offering last month.
Insiders have predicted that the local bourse should continue to expect trading volumes under the 1 million riel figure until the next big announcement on the market. Many traders have lamented the return to relatively low volumes because high trading volumes are seen as advantageous for traders.
Inflation:
Cambodia’s inflation was subdued in the first quarter of 2020 because of the impact of the COVID-19 outbreak, according to aWorld Bank report.
As of March 2020, inflation decelerated to 2.8 percent compared with the same period last year largely because of sluggish demand and domestic consumption caused by the COVID-19 outbreak.By the end of 2019, Cambodia’s inflation rate inched up to 3.1 percent mainly because of elevated food prices.
All sub-indexes of Cambodia’s Consumer Price Index basket, except the food sub-index, eased as domestic demand collapsed, the report shows.
By the end of 2019, the food and non-alcoholic beverage sub-index of Cambodia’s inflation basket rose to 3.4 percent, compared with 1.9 percent in December 2018.
During the same period, other sub-indexes, including housing and utilities as well as transport and telecommunications, also edged up, rising to 1.6 percent and 1.7 percent, up from 0.4 percent and -2.4 percent, respectively.
Source: https://www.khmertimeskh.com/733265/market-watch-4/