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B2B Cambodia
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This is a B2B Cambodia Market Update for 27 December 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up 2.07 points, or 0.51% to 406.59.
- Total trade volume was down with 87,953 shares changing hands at a total value of 545.6 million KHR or approximately $135,980 US dollars.
- On the main board, four stocks were up. Leading the market was ACLEDA Bank, up 2.26% or 160 KHR to 7,240 KHR per share, followed by the Sihanoukville Autonomous Port, which was up 0.53% or 60 KHR to 11,420 KHR per share. The other two stocks up were Grand Twins International and Phnom Penh Water Supply Authority.
- On the downside, Pestech Cambodia was the biggest loser of the day, down 0.83% or 20 KHR to 2,400 KHR per share, followed by CAMGSM, which dropped 0.41% or 10 KHR to 2,430 KHR per share. The Phnom Penh Autonomous Port was also down for the day.
- Meanwhile, the remaining two stocks on the main board, Royal Group Phnom Penh SEZ and MJQ Education, stayed flat.
- Over on the growth board, both stocks were unchanged. JS Land stayed flat at £3,420 riel per share while DBD Engineering stayed flat at £2,030 riel per share.
- ACLEDA Bank once again recorded the highest trade volume of the day, with 64,894 shares changing hands at a total value of 466 million KHR or around $116,000 US dollars, roughly 74% of total shares traded on December 27th.
- CAMGSM recorded the second highest trade volume of the day, however with a significant gap to the highest, with only 5,885 shares changing hands at a total value of 14 million KHR or a little over $3,500 US dollars, approximately 6.6% of Friday’s trade volume.
- In other market news, PESTECH (CAMBODIA) PLC, a Malaysian public-listed power infrastructure provider, has announced that it will not be distributing dividends to shareholders for the financial year ending June 30, 2024, and the transitional period from July 1, 2024, to September 30, 2024.
- This decision was made after the company reported a significant loss after tax of 77 billion KHR (approximately $19.2 million), which is a 231.1% increase in loss compared to 2023. The Board of Directors proposed the no-dividend resolution, which was approved by shareholders during the Annual General Meeting held on December 26, 2024.
- Exchange rate, the KHR to USD weakened to 4,021 KHR per USD, while the USD index was slightly down to 108.13.
- Looking at global commodities, oil prices rose slightly on Friday and were on track for a weekly rise, spurred by expectations that economic stimulus efforts will prompt a recovery in China, while a stronger dollar capped gains.
- Brent crude futures rose 14 cents to $73.40 US dollars a barrel. On a weekly basis, Brent was up 0.6%.
- The World Bank on Thursday raised its forecast for China's economic growth in 2024 and 2025, but said subdued household and business confidence, along with headwinds in the property sector, would continue to weigh next year.
- Gold prices eased on Friday but were set for a weekly gain as investors gravitated towards safe-haven assets amid political uncertainty in the Middle East, overshadowing pressure from a firmer dollar.
- Spot gold fell 0.2% to $2,629.49 US dollars per ounce. Bullion gained 0.3% so far this week.
- U.S. gold futures were down 0.4% to $2,644.50 US dollars.
- The lull between Christmas and New Year looks to be infecting the stock market, with futures pointing to losses at the open.
- As of the time of the Cambodian market’s closing, Dow Jones Industrial Average futures were down 99 points, or 0.2%.
- S&P 500 were falling 0.3% and Nasdaq 100 futures were losing 0.3%.
Watch the 27 December 2024 market update in Khmer below: