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B2B Cambodia
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This is a B2B Cambodia Market Update for 16 December 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down 1.18 points, or 0.29% to 399.90.
- Total trade volume was down with 49,768 shares changing hands at a total value of 206.5 million KHR or approximately over $51,400 US dollars.
- On the main board, four stocks were up. Leading the market was Pestech Cambodia, up 1.27% or 30 KHR to 2,390 KHR per share, followed by the Phnom Penh Autonomous Port, which was up 1.20% or 160 KHR to 13,460 KHR per share. Grand Twins International and Sihanoukville Autonomous Port were also up.
- On the downside, three stocks saw their prices decrease. The biggest loser of the day was CAMGSM, down 0.82% or 20 KHR to 2,420 KHR per share, followed by MJQ Education, which dropped 0.49% or 10 KHR to 2,040 KHR per share. Royal Group Phnom Penh SEZ was also down, while the Phnom Penh Water Supply Authority and ACLEDA Bank stayed flat.
- Over on the growth board, both stocks were flat. DBD Engineering remained flat at 2,030 KHR per share, and JS Land was stable at 3,430 KHR per share.
- MJQ Education recorded the highest trade volume of the day, with 12,252 shares changing hands at a total value of 24.9 million KHR or around $6,200 US dollars, roughly 24.6% of total shares traded on December 16th.
- CAMGSM recorded the second highest trade volume of the day, with 11,433 shares changing hands at a total value of 27.7 million KHR or around $6,900 US dollars, making up close to 23% of Monday’s trade volume.
- In other market news, CIA FIRST International School Co., Ltd. has released a disclosure notice announcing that a net coupon payment amount of $315,000 US dollars will be divided and transferred to all investors’ accounts via ACLEDA Bank on December 16, 2024. CIA FIRST International School made its debut on the CSX with a $10 million dollar bond listing in December 2023, aimed at expanding and enhancing the education institution’s business operations, as well as developing new infrastructure. The listed bond has a five-year term, from 2023 to 2028, and a coupon rate of 6.3% per annum.
- Exchange rate, the KHR to USD strengthened to 4,019 KHR per USD, while the USD index was down to 106.88.
- Looking at global commodities, oil futures eased from their highest levels in weeks as traders took profit while waiting for a Federal Reserve meeting later this week for clues on further rate cuts.
- Falls were limited, however, by concerns of supply disruptions in the event of more U.S. sanctions on major suppliers Russia and Iran.
- Brent crude futures fell 29 cents, or 0.4%, to $74.20 US dollars a barrel after settling at their highest level since November 22nd on Friday.
- Gold prices gained on a softer dollar, while investor caution set in ahead of the U.S. Federal Reserve's policy meeting where the central bank is expected to deliver a third rate cut this year and provide hints regarding its 2025 outlook.
- Spot gold was up 0.4% at $2,658.64 US dollars per ounce.
- U.S. gold futures rose 0.1% to $2,677.70 US dollars.
- U.S. stocks looked set to rise at the start of the final full trading week of 2024.
- As of the time of the Cambodian market’s closing, Futures tracking the Dow Jones Industrial Average edged up 25 points, or 0.1%, signaling that the index could snap its seven-day losing streak.
- Contracts tied to the S&P 500 were up 0.1%, while those on the Nasdaq 100 were up 0.2%.
- Central banks will likely be the main story for markets this week. The U.S. Federal Reserve is widely expected to cut interest rates by another quarter point Wednesday, while the Bank of Japan and Bank of England will announce policy decisions of their own on Thursday.
Watch the 16 December 2024 market update in Khmer below: