By
B2B Cambodia
on
This is a B2B Cambodia Market Update for 23 December 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up 1.06 points, or 0.27% to 400.26.
- Total trade volume was up with 51,140 shares changing hands at a total value of 281 million KHR or approximately $70,300 US dollars.
- On the main board, four stocks were up. Leading the market was the Phnom Penh Water Supply Authority, up 1.30% or 80 KHR to 6,240 KHR per share, followed by CAMGSM, which was up 0.41% or 10 KHR to 2,420 KHR per share. The other two stocks up were the Sihanoukville Autonomous and Phnom Penh Autonomous Port.
- On the downside, the biggest loser of the day was Royal Group Phnom Penh SEZ, dropping 0.46% or 10 KHR to 2,160 KHR per share, followed by Pestech Cambodia, which was down 0.41% or 10 KHR to 2,430 KHR per share. Grand Twins International was also down 0.40% or 20 KHR to 5,040 KHR per share.
- Meanwhile, ACLEDA Bank and MJQ Education remained flat.
- Over the growth board, JS Land dropped 0.29% or 10 KHR to 3,430 KHR per share, while DBD Engineering stayed flat.
- ACLEDA Bank recorded the highest trade volume of the day, with 20,618 shares changing hands at a total value of 142.6 million KHR or around $35,660 US dollars, roughly 40% of total shares traded on December 23rd.
- CAMGSM recorded the second highest trade volume of the day, but with a significant gap to the highest, with only 8,665 shares changing hands at a total value of 21 million KHR or $5,250 US dollars, approximately 17% of Monday’s trade volume.
- Exchange rate, the KHR to USD was stable at 4,019 KHR per USD, while the USD index was down to 107.97.
- Looking at global commodities, oil prices rose on Monday as lower-than-expected U.S. inflation data revived hopes for further policy easing, although the outlook for a supply surplus next year weighed on the market.
- Brent crude futures rose 37 cents, or 0.5%, to $73.31 US dollars a barrel.
- Gold extended gains after a softer-than-expected U.S. inflation reading revived hopes for further monetary policy easing by the U.S. Federal Reserve in the coming year.
- Spot gold gained 0.4% to $2,631.89 US dollars per ounce, rising for a third straight session after bullion prices hit their lowest since November 18th on Wednesday on a hawkish Fed.
- U.S. gold futures eased 0.1% to $2,645.80 US dollars.
- U.S. Stock futures edged up in overnight trading Sunday as the market gears up for a holiday-shortened trading week.
- As of the time of the Cambodian market’s closing, Futures on the Dow Jones Industrial Average gained about 100 points. S&P 500 futures rose 0.3% and Nasdaq 100 futures climbed 0.4%.
Watch the 23 December 2024 market update in Khmer below: