By
B2B Cambodia
on
This is a B2B Cambodia Market Update for 18 December 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down 0.47 points, or 0.12% to 400.32.
- Total trade volume was down with 41,510 shares changing hands at a total value of 246 million KHR or approximately $61,300 US dollars.
- On the main board, only one stock was up. The Phnom Penh Water Supply Authority was up 0.65% or 40 KHR to 6,220 KHR per share.
- On the other hand, the biggest loser of the day was Pestech Cambodia, which dropped 0.81% or 20 KHR to 2,450 KHR per share, followed by the Sihanoukville Autonomous Port, which was down 0.53% or 60 KHR to 11,220 KHR per share. Other stocks down were ACLEDA Bank and Grand Twins International.
- The rest of the main board, including MJQ Education, CAMGSM, Phnom Penh Autonomous Port and Royal Group Phnom Penh SEZ, remained flat.
- Over on the growth board, DBD Engineering was up 0.49% or 10 KHR to 2,040 KHR per share, while JS Land stayed flat.
- ACLEDA Bank recorded the highest trade volume of the day, with 19,754 shares changing hands at a total value of 136 million KHR or around $34,000 US dollars, roughly 47.5% of total shares traded on December 18th.
- The Phnom Penh Water Supply Authority recorded the second highest trade volume of the day, with 9,263 shares changing hands at a total value of 57 million KHR or around $14,000 US dollars, making up 22% of Wednesday’s trade volume.
- Exchange rate, the KHR to USD was stable at 4,021 KHR per USD, while the USD index was down to 106.99.
- Looking at global commodities, oil prices edged higher on Wednesday as investors remained cautious ahead of an expected interest rate cut by the U.S. Federal Reserve, while weighing up the potential supply impact of tighter sanctions on Russia.
- Brent futures rose 32 cents, or 0.44%, to $73.51 US dollars a barrel.
- Gold prices were little changed as the markets focused squarely on the U.S. Federal Reserve's monetary policy decision and projections for 2025, due later in the day.
- Spot gold steadied at $2,642.08 US dollars per ounce.
- U.S. gold futures were 0.1% lower at $2,657.90 US dollars.
- The Fed began its two-day policy meeting on Tuesday, with a focus on its updated economic projections and the dot plot, which could give more clues into the interest rate trajectory through 2025 and 2026.
- Markets see a 95.4% chance of a quarter-point rate cut at this meeting, but only expect a roughly 16% chance of a reduction in January.
- Concerning U.S. stocks, the Dow Jones Industrial Average was skidding, with artificial-intelligence darling Nvidia among the stocks dragging it down.
- As of the time of the Cambodian market’s closing, Futures tracking the blue-chip index ticked up 89 points, or 0.2%, as it bids to snap its longest losing streak in nearly half a century.
- S&P 500 futures were also up 0.2%, with the index going through a spell of bad breadth – more large-cap U.S. stocks have fallen than have risen every day this month.
Contracts tied to the tech-heavy Nasdaq 100 edged up 0.1%.
Watch the 18 December 2024 market update in Khmer below: