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B2B Cambodia
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This is a B2B Cambodia Market Update for 26 December 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up 2.48 points, or 0.62% to 404.52.
- Total trade volume was down with 44,852 shares changing hands at a total value of 266 million KHR or approximately $66,330 US dollars.
- On the main board, five stocks were up. Leading the market was the Phnom Penh Autonomous Port, up 1.49% or 200 KHR to 13,600 KHR per share, followed by ACLEDA Bank, which was up 1.43% or 100 KHR to 7,080 KHR per share. Other stocks up were CAMGSM, Grand Twins International and the Phnom Penh Water Supply Authority.
- Only one stock was down, on the other hand. Pestech Cambodia dropped 1.63% or 40 KHR to 2,420 KHR per share. Meanwhile, Royal Group Phnom Penh SEZ, Sihanoukville Autonomous Port and MJQ Education remained flat.
- Over on the growth board, JS Land dropped 0.29% or 10 KHR to 3,420 KHR per share, while DBD Engineering stayed flat.
- ACLEDA Bank once again recorded the highest trade volume of the day, with 28,099 shares changing hands at a total value of 198 million KHR or around $49,400 US dollars, roughly 63% of total shares traded on December 26th.
- The Phnom Penh Water Supply Authority recorded the second highest trade volume of the day, however with a significant gap from the highest, with only 6,397 shares changing hands at a total value of 39.5 million KHR or a little over $9,800 US dollars, approximately 14% of Thursday’s trade volume.
- Exchange rate, the KHR to USD was stable at 4,018 KHR per USD, while the USD index was slightly up to 108.20.
- Looking at global commodities, oil edged higher on Thursday in thin holiday trade driven by hopes for additional fiscal stimulus in China, the world's biggest oil importer, and supported by an industry report showing a decline in U.S. crude inventories.
- According to a report from Reuters, Chinese authorities have agreed to issue 3 trillion yuan (or $411 billion US dollars) worth of special treasury bonds next year, as Beijing ramps up fiscal stimulus to revive a faltering economy.
- Brent crude futures rose 39 cents, or 0.5%, to $73.97 US dollars a barrel.
- Gold rose in light holiday trading, boosted by safe-haven demand due to geopolitical tensions, with investors eying the U.S. Federal Reserve's 2025 rate strategy and Donald Trump's tariff policies, which could shape the outlook for the metal.
- Spot gold was up 0.4% at $2,623.82 US dollars per ounce. Bullion has risen 27% this year and is set for its best performance since 2010, driven by Fed rate cuts and heightened geopolitical uncertainties.
- Asian shares were mostly higher Thursday in thin post-Christmas holiday trading.
- As of the time of the Cambodian market’s closing, Futures for the S&P 500 and the Dow Jones Industrial Average were 0.2% lower after markets were closed.
- Meanwhile, Japan's Nikkei 225 index surged 1.1% to 39,568.06, on strong gains in retailers and tourism-related stocks after Japan agreed to ease visa conditions for Chinese tourists.
Watch the 26 December 2024 market update in Khmer below: