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FINANCE Friday 29th July

Let’s have a look at today’s finance. The CSX Index is currently at 474.84 Points down 0.98 Points or 0.21%

National bank of Cambodia Daily Exchange Rate is 4,099KHR to the USD$.

Wong Keet Loong, CEO of CGCC, said that the scheme for the second quarter of this year showed a growth in both guaranteed value and number of letters of guarantee issued compared to the first quarter — increasing to $18.4 million from $10.3 million and to 189 letters of guarantee from 128.

The government is considering to extend the cash transfer program, set to come to an end in September, to the end of this year because of the economic uncertainty caused by the Russia-Ukraine War and food price hike.

The Royal Government has so far transferred approximately US$744 million to more than 680,000 poor and vulnerable households 2 years.

Started on June 24, 2020, the program was designed to provide monthly financial support to the poor and vulnerable households who hold the equity cards in both urban and rural areas across the country to help them in the hard time of the COVID-19 pandemic.

Samsung Electronics seeking more trade and investment opportunities in Cambodia.

After the closing bell, shares shot up more than 12% as the online retailer reported quarterly sales that beat Wall Street estimates. ended the regular session up 1.1%. read more Shares of Apple (AAPL.O) were up more than 3% after hours following the company's quarterly report and upbeat forecast, and S&P 500 e-mini futures were up 2% late.

The Dow Jones Industrial Average (.DJI) rose 332.04 points, or 1.03%, to 32,529.63 the S&P 500 (.SPX) gained 48.82 points, or 1.21%, to 4,072.43 and the Nasdaq Composite (.IXIC) added 130.17 points, or 1.08%, to 12,162.59.

Among declining stocks, Facebook and Instagram parent Meta Platforms Inc (META.O) fell 5.2% after it posted its first-ever quarterly drop in revenue.

Bitcoin (BTC) was trading higher on Thursday, as prices rose following the latest interest rate hike from the Federal Reserve.

The move by the bank to boost the federal funds rate by 0.75% pushed bitcoin to an intraday high of $23,358.34 earlier in today’s session.

Spot gold rose 1.2% to $1,755.65 per ounce, extending its gains from the previous session. Three-month gold futures were up 1.8% to $1,749.60 per ounce

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