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B2B Cambodia
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This is a B2B Cambodia Market Update for 23 April 2025, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up 2.49 points, or 0.61%, to 409.48.
- Total trade volume rose to 98,521 shares, with a total value of 567 million riel, or over $140,600 USD.
- On the main board, eight out of nine stocks were up. Leading the market was Grand Twins International, which increased by 9.85%, or 640 riel, to 7,140 riel per share, followed by Royal Group Phnom Penh SEZ, up 0.95%, or 20 riel, to 2,120 riel per share. The other six stocks also showed gains.
- On the downside, Pestech Cambodia dropped 0.38%, or 10 riel, to 2,590 riel per share.
- On the growth board, DBD Engineering was flat at 2,100 riel per share, while JS Land declined by 0.32%, or 10 riel, to 3,160 riel per share.
- Grand Twins International recorded the highest trade volume of the day, with 47,780 shares changing hands at a total value of 312.8 million riel, or over $77,500 USD, accounting for about 48% of Wednesday’s trade volume.
- Acleda Bank recorded the second highest trade volume of the day, with 21,802 shares changing hands at a total value of 153.5 million riel, or over $38,000 USD.
- In other market news, the US Commerce Department has announced new tariffs targeting companies in Cambodia, Thailand, Malaysia, and Vietnam, with rates up to 3,521% on solar panels. This follows an investigation that began a year ago when American manufacturers of solar panels accused Chinese companies of flooding the market with subsidised, cheap goods.
- According to the Guardian, products from Cambodia would face the highest tariffs of 3,521% because its companies did not cooperate with the US investigation, while products made in Malaysia by the Chinese manufacturer Jinko Solar would face duties of just over 41%. Rival Trina Solar’s products from Thailand will incur tariffs of 375%.
- The Cambodian Ministry of Commerce's statement on April 22 clarified that this new tariff is not related to the reciprocal tariff imposed in early April by President Donald Trump.
- Moving on to the exchange rate, the KHR to USD slightly strengthened to 4,003 riel per USD, while the USD index was up to 98.89
- Oil prices climbed more than 1% on Wednesday, as investors weighed a fresh round of U.S. sanctions on Iran, a drop in U.S. crude stocks and a softer tone from President Donald Trump towards the Federal Reserve and his tariff war with China.
- Brent crude futures hit their highest since April 4 earlier in the session at $68.65 a barrel and were up $1.10, or 1.63%, at $68.54 a barrel (at 0842 GMT. ) U.S. West Texas Intermediate crude rose $1.12, or 1.76%, to $64.79.
- Gold prices dipped on Wednesday after U.S. President Donald Trump hinted at lower tariffs for China and said he has no plans to fire Federal Reserve Chair Jerome Powell.
- Spot gold fell 2.1% to $3,310.29 an ounce, (as of 0811 GMT), after hitting a record high of $3,500.05 in the previous session. U.S. gold futures fell 2.9% to $3,321.30.
- Stock futures climbed on Wednesday morning after President Donald Trump said he doesn’t plan to remove Federal Reserve Chairman Jerome Powell from his post as central bank leader.
- At the time of Cambodia’s market closing, Dow Jones Industrial Average futures rose 654 points, or 1.66%.
- Futures tied to the S&P 500 popped 2.09%, while Nasdaq 100 futures
Watch the 23 April 2025 market update in Khmer below: