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B2B Cambodia
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This is a B2B Cambodia Market Update for 17 December 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up 0.89 points, or 0.22% to 400.79.
- Total trade volume was down with 42,147 shares changing hands at a total value of 194.2 million KHR or approximately $48,500 US dollars.
- On the main board, three stocks were up. Leading the market was Pestech Cambodia, up 3.35% or 80 KHR to 2,470 KHR per share, followed by MJQ Education, which was up 0.49% or 10 KHR to 2,050 KHR per share. CAMGSM was also up 0.41% or 10 KHR to 2,430 KHR per share.
- On the downside, Royal Group Phnom Penh SEZ was the biggest loser of the day, down 0.92% or 20 KHR to 2,160 KHR per share. Followed by the Phnom Penh Autonomous Port, which dropped 0.59% or 80 KHR to 13,380 KHR per share. The Sihanoukville Autonomous Port was also down, while the Phnom Penh Water Supply Authority, Grand Twins International, and ACLEDA Bank remained flat.
- Over on the growth board, DBD Engineering stayed flat while JS Land was up 0.29% or 10 KHR to 3,440 KHR per share.
- The Phnom Penh Water Supply Authority recorded the highest trade volume of the day, with 9,728 shares changing hands at a total value of 59.6 million KHR or around $14,900 US dollars, which is roughly 23% of total shares traded on December 17th.
- CAMGSM recorded the second highest trade volume of the day with 9,544 shares changing hands at a total value of 23 million KHR or $5,760 US dollars, also making up almost 23% of Tuesday’s trade volume.
- Exchange rate, the KHR to USD weakened to 4,021 KHR per USD, while the USD index was up to 107.03.
- Looking at global commodities, oil prices nudged lower on Tuesday as China's economic data renewed demand concerns, while investors remained cautious ahead of the U.S. Federal Reserve's interest rate decision.
- Brent crude futures eased 2 cents to $73.89 US dollars a barrel. According market analysts, oil prices were weighed on by profit-taking after last week's 6% rally and a batch of disappointing Chinese economic data on Monday.
- Gold prices held steady ahead of the U.S. Federal Reserve's policy meeting, with all eyes on the U.S. central bank's interest rate outlook in 2025.
- Spot gold was little changed at $2,654.55 US dollars per ounce.
- U.S. gold futures were flat at $2,671.00 US dollars.
- U.S. stocks were on course to fall on Tuesday, and as of the time of the Cambodian market’s closing, Futures tracking the Dow Jones Industrial Average fell 171 points, or 0.4%. The blue-chip index is riding its longest losing streak since 2018, having fallen now for eight days in a row.
- Contracts tied to the Nasdaq 100 slid 0.3%, after the tech-heavy gauge hit a record high Monday, and S&P 500 futures were also down 0.3%.
- The U.S. Federal Reserve’s December meeting is set to kick off Tuesday and conclude on Wednesday, with the central bank widely expected to cut interest rates by a quarter of a basis point. The market will likely focus on Chair Jerome Powell’s comments, which could signal where borrowing costs are headed next year.
Watch the 17 December 2024 market update in Khmer below: