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FINANCE Wednesday 24th August

National bank of Cambodia Daily Exchange Rate is 4,104KHR to the USD$. The CSX Index is currently at 471.33 down 0.65 Points or 0.14%.

A rise in revenue of 35% nearly $20 million us dollars in Phnom Penh Autonomous port in their first quarter of 2022. Compared to about US$12 million for the whole year last year.

250, 00 containers were handled in the port during the first six months of this year. Nearly 40% up compared to this time last year.

The Ministry of Public Works and Transport has launched a Japanese financed Port Electronic Data Interchange (Port EDI) system at the PPAP and Sihanoukville Autonomous Port (PAS). The system is aimed to improve effectiveness, efficiency, transparency and cost-saving.

DBD Engineering Plc listed on Cambodia’s stock exchange has dropped by nearly 400% to about $0.9 million. A big loss in the second quarter of this year. The same time last year they hard a profit of about $33 million, according to the company’s quarterly report released yesterday.

Wall Street ended down on Tuesday as investors focused on data showing a slowing economy ahead of a U.S. Federal Reserve gathering.

All 11 S&P 500 sector indexes declined, led lower by consumer discretionary (.SPLRCD), down 2.84%, followed by a 2.78% loss in information technology (.SPLRCT).

Nvidia Corp (NVDA.O) dropped 4.6% and Amazon.com Inc (AMZN.O) fell 3.6%, while Microsoft Corp (MSFT.O) and Apple Inc (AAPL.O) each lost more than 2% as the benchmark 10-year U.S. Treasury yield rose to its highest since July 21.

The S&P 500 declined 2.14% to end the session at 4,137.99 points.

The Nasdaq declined 2.55% to 12,381.57 points, while Dow Jones Industrial Average declined 1.91% to 33,063.61 points.

Russia's stock market will pare some of its heavy 2022 losses by the end of the year. By the end of this year, the benchmark MOEX rouble-based index (.IMOEX) is expected to have recovered to 2,500, 12.2% above Monday's close of 2,228.11 but sharply below the 4,350 predicted.

Brent crude settled at $100.22 a barrel, up $3.74, or 3.9%. U.S. West Texas Intermediate crude closed $3.38, or 3.7%, higher at $93.74 a barrel.

Bitcoin price is $21,403.00, a change of 1.10% over the past 24 hours

Gold is down $2.90 is now at $1,755.90 USD Per Ounce


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