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B2B Cambodia
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This is a B2B Cambodia Market Update for 19 December 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down 1.06 points, or 0.26% to 399.26.
- Total trade volume was down with 44,195 shares changing hands at a total value of 245 million KHR or approximately $60,000 US dollars.
- On the main board, four stocks were up. Leading the market was Royal Group Phnom Penh SEZ, up 0.46% or 10 KHR to 2,170 KHR per share, followed by the Sihanoukville Autonomous Port, which was up 0.36% or 40 KHR to 11,260 KHR per share. Other stocks up were ACLEDA Bank and the Phnom Penh Autonomous Port.
- On the downside, CAMGSM saw the biggest drop of the day, down 0.82% or 20 KHR to 2,410 KHR per share, followed by Pestech Cambodia, which was down 0.41% or 10 KHR to 2,440 KHR per share. The Phnom Penh Water Supply Authority was also down 20 KHR to 6,200 KHR per share.
- Meanwhile MJQ Education and Grand Twins International stayed flat.
- Over on the growth board, JS Jand dropped 1.16% or 40 KHR to 3,400 KHR per share, while DBD Engineering remained flat.
- ACLEDA Bank recorded the highest trade volume of the day, with 18,039 shares changing hands at a total value of 124.7 million KHR or around $30,600. US dollars, roughly 41% of total shares traded on December 19th.
- The Phnom Penh Water Supply Authority recorded the second highest trade volume of the day, with 10,343 shares changing hands at a total value of 64 million KHR or around $15,850 US dollars, making up 23% of Thursday’s trade volume.
- In other market news, Royal Railway PLC released a disclosure notice announcing the second semiannual interest payment of the company’s two guaranteed bonds originally issued in December 2022, with a total of over $1 million US dollars to be distributed to all bondholders. The company states that the interest payment will be transferred to all investors on December 23, 2024.
- Royal Railway issued three bonds in 2022, from October to December, totaling $34 million US dollars, which includes a $10 million dollar plain bond and two guaranteed bonds totally $24 million dollars. All of these bonds have a maturity date of 10 years, extending until 2032.
- Exchange rate, the KHR to USD was stable at 4,021 KHR per USD, while the USD index was up to 107.94.
- Looking at global commodities, oil prices fell in early trading on Thursday after the U.S. Federal Reserve signaled that it would slow the pace of interest rate cuts in 2025, potentially impacting fuel demand.
- Brent futures fell 33 cents, or 0.45%, to $73.06 US dollars a barrel.
- Gold prices erased losses to gain on Thursday, after dipping to the lowest level in a month earlier in the day on the U.S. Federal Reserve's hint of a possible rate cut slow down next year.
- Spot gold gained 1.2% to $2,617.96 US dollars per ounce, having hit its lowest since November 18th in early trade. However, U.S. gold futures were trading 0.8% lower at $2,632 US dollars.
- Bullion declined more than 2% after the Fed lowered rates by 25 basis points as expected.
- U.S. stocks looked set to pare back some of their losses on Thursday after U.S. Federal Reserve Chair Jerome Powell put a lump of coal in markets’ Christmas stocking by signaling that sticky inflation means investors shouldn’t expect deep rate cuts next year.
- As of the time of the Cambodian market’s closing, Futures tracking the Dow Jones Industrial Average climbed 148 points, or 0.4%.
- S&P 500 futures edged up 0.3%, and contracts tied to the tech-heavy Nasdaq 100 climbed 0.2%.
- All three indexes had plummeted on Wednesday, with Jerome Powell’s hawkish presser sinking the Dow by 1,100 points to lock in its longest losing streak in half a century.
- In other global markets, as expected, the Bank of Japan held rates at their current level, and the Bank of England is set to announce its own policy decision later.
Watch the 19 December 2024 market update in Khmer below: