By
B2B Cambodia
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This is a B2B Cambodia Market Update for 30 December 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up 4.13 points, or 1.02% to 410.72.
- Total trade volume was up with 178,836 shares changing hands at a total value of over 1 billion KHR or approximately $250,000 US dollars.
- On the main board, five stocks were up. Leading the market was ACLEDA Bank, up 3.31% or 240 KHR to 7,480 KHR per share, followed by the Phnom Penh Water Supply Authority, which was up 1.92% or 120 KHR to 6,380 KHR per share. The other three stocks up were the Phnom Penh Autonomous Port, Pestech Cambodia and the Sihanoukville Autonomous Port.
- Three stocks were down, on the other hand, with Royal Group Phnom Penh SEZ seeing the biggest drop, down 1.38% or 30 KHR to 2,150 KHR per share, followed by Grand Twins International, which was down 0.79% or 40 KHR to 5,020 KHR per share. CAMGSM was also down 0.41%.
- MJQ Education was the only stock to remain flat.
- Over on the growth board, DBD Engineering was up 0.49% or 10 KHR to 2,040 KHR per share, while JS Land remained flat at 3,420 KHR per share.
- ACLEDA Bank recorded the highest trade volume of the day, with 93,249 shares changing hands at a total value of 693.2 million KHR or close to $172,500 US dollars, roughly 52% of total shares traded on December 30th.
- Royal Group Phnom Penh SEZ recorded the second highest trade volume of the day, with 24,319 shares changing hands at a total value of 52.2 million KHR or $13,000 US dollars, approximately 13.5% of Monday’s trade volume.
- In other market news, Nham24 and Grab Cambodia announced the completion of a deal for the latter to acquire 100% of Nham24’s operations in Cambodia, following regulatory approval from the Competition Commission of Cambodia.
- According to a press release issued by the two companies, the business combination aims to drive sustainable, long-term growth for on-demand services like food delivery, grocery delivery and ride-hailing in Cambodia, creating more opportunities for everyday entrepreneurs. The companies have further clarified that both the Grab and Nham24 apps will continue to operate independently for the foreseeable future. Users can still continue to place orders through both apps. Grab and Nham24 merchants and drivers can also continue to receive and fulfill orders through each platform.
- Exchange rate, the KHR to USD weakened to 4,024 KHR per USD, while the USD index was slightly down to 108.09.
- Looking at global commodities, oil prices edged down on Monday in thin holiday trade ahead of the year-end as traders awaited more Chinese and U.S. economic data later this week to assess growth in the world's two largest oil consumers.
- Brent crude futures eased 8 cents to $74.09 US dollars a barrel, while the more active March contract was at $73.73 US dollars a barrel, down 6 cents.
- Gold prices similarly slipped in thin trade as markets awaited next week's U.S. economic data and the potential impact of President-elect Donald Trump's return to office on the U.S. Federal Reserve's 2025 outlook.
- Spot gold was down 0.3% to $2,611.39 US dollars per ounce. U.S. gold futures fell 0.3% to $2,624.00 US dollars.
- U.S. stocks looked set to fall in thin trading on Monday, as lingering concerns about elevated interest rates and the government’s mounting debt burden spoiled any chance of an end-of-year party for markets.
- As of the time of the Cambodian market’s closing, Dow Jones Industrial Average futures slipped 100 points, or 0.2%.
- Futures tracking the benchmark S&P 500 and contracts tied to the tech-heavy Nasdaq 100 were both down 0.3%.
Watch the 30 December 2024 market update in Khmer below: