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B2B Cambodia
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This is a B2B Cambodia Market Update for 20 December 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down 0.06 points, or 0.02% to 399.20.
- Total trade volume was down with 43,313 shares changing hands at a total value of 216.7 million KHR or approximately $53,700 US dollars.
- On the main board, only one stock was up while two were down. The Sihanoukville Autonomous Port was up 0.36% or 40 KHR to 11,300 KHR per share.
- On the downside, Grand Twins International was the biggest loser of the day, dropping 0.78% or 40 KHR to 5,060 KHR per share, followed by the Phnom Penh Water Supply Authority, which was down 0.65% or 40 KHR to 6,160 KHR per share. Meanwhile the rest of the main board remained flat.
- Over on the growth board, JS Land was up 1.18% or 40 KHR to 3,440 KHR per share, while DBD Engineering dropped 0.49% or 10 KHR to 2,030 riel per share.
- ACLEDA Bank recorded the highest trade volume of the day, with 10,857 shares changing hands at a total value of 75 million KHR or around $18,600 US dollars, roughly 25% of total shares traded on December 20th.
- The Phnom Penh Water Supply Authority recorded the second highest trade volume of the day, with 10,199 shares changing hands at a total value of 63 million KHR or around $15,650 US dollars, making up 23.5% of Friday’s trade volume.
- In other market news, CAMGSM released a disclosure notice announcing that the company’s annual 7% Guaranteed Dividend of 158.90 KHR per share will be paid in four equal portions of 39.725 KHR per share, quarterly to Class A shareholders.
- In the world of investment partnerships, Tandem Partners, a French investment group, and Worldbridge Group, a conglomerate operating in the real estate, logistics, and hospitality sectors in Cambodia, signed a Memorandum of Understanding (MOU) on December 20, 2024, to collaborate on business opportunities in Cambodia and the broader Southeast Asian region. Under the MOU, Tandem Partners and Worldbridge Group will collaborate in two primary sectors – Real Estate and Entertainment – to develop luxury and branded real estate opportunities and unique entertainment experiences.
- Exchange rate, the KHR to USD was strengthened to 4,019 KHR per USD, while the USD index was up to 108.24.
- Looking at global commodities, oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down nearly 3%.
- Brent crude futures fell by 33 cents, or 0.45%, to $72.55 US dollars a barrel.
- Chinese state-owned refiner Sinopec said in its annual energy outlook released on Thursday that China's crude imports could peak as soon as 2025 and the country's oil consumption would peak by 2027 as diesel and gasoline demand weaken.
- Gold prices rose on Friday, but were set for a weekly decline after the U.S. Federal Reserve signalled a slowdown in rate cuts next year, while focus shifted to a key U.S. inflation print due later in the day.
- Spot gold was up 0.5% at $2,606.19 US dollars per ounce, but has lost about 1.5% so far this week.
- U.S. gold futures were 0.5% higher at $2,620.60 US dollars.
- U.S. stock futures were falling on Friday as investors braced for more inflation data that could help shape the narrative around interest rates in 2025.
- As of the time of the Cambodian market’s closing, Futures tracking the Dow Jones Industrial Average fell 247 points, or 0.6%.
- On Thursday, the blue-chip gauge rose just 16 points to finally snap a 10-day losing streak, its longest run in the red since 1974. S&P 500 futures slid 0.8%, and contracts tied to the tech-heavy Nasdaq 100 were down 1.1%.
Watch the 20 December 2024 market update in Khmer below: