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5 May 2025 - Market Update - B2B Cambodia

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5 May 2025 - Market Update - B2B Cambodia
B2B Cambodia Market Update - 5 May 2025

This is a B2B Cambodia Market Update for 5 May 2025, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

  • The Cambodia Securities Exchange Index was up 0.13 points, or 0.03%, to 410.73. 
  • Total trade volume was down to 136,790 shares changing hands at a total value of 835.9 million riel, or roughly $208,000 US dollars.
  • On the main board, six stocks were up. Leading the market was Pestech Cambodia, up 9.02% or 230 riel to 2,780 riel per share, followed by Grand Twins International, which was up 0.85% or 60 riel to 7,140 riel per share. Other stocks up were Phnom Penh Autonomous Port, MJQ Education, Sihanoukville Autonomous Port and Phnom Penh Water Supply Authority. 
  • On the other hand, two stocks were down. ACLEDA Bank was the biggest loser of the day, down 0.84% or 60 riel to 7,100 riel per share, followed by Royal Group Phnom Penh SEZ, which dropped 0.47% or 10 riel to 2,100 riel per share. 
  • Meanwhile, only one stock, CAMGSM, remained flat.
  • Over on the growth board, both stocks were up. DBD Engineering was up 0.48% or 10 riel to 2,100 riel per share, while JS Land was up 1.27% or 40 riel to 3,190 riel per share.
     
  • ACLEDA Bank still recorded the highest trade volume of the day with 94,982 shares changing hands at a total value of 676 million riel, or over $168,000 US dollars, approximately 69% of Monday’s total trade volume. 
  • MJQ Education once again also recorded the second highest trade volume of the day with 13,895 shares changing hands at a total value of over 30 million riel or close to $7,500 US dollars, about 10% of May 5th’s trade volume.
     
  • In other market news, the CSX released a disclosure notice for the 33rd Profile Listing of a Government Bond, issued by the Ministry of Economy and Finance. The bond has an aggregate amount of 34,000 units, a one year maturity and a 2.7% coupon rate.
  • MJQ Education also recently held its 2nd annual general meeting on May 2nd where three resolutions were passed by a quorum of 29 shareholders comprising 80.63% of voting shares. First, the company’s shareholders voted to approve Ernst & Young (Cambodia) Ltd. as MJQE’s external auditor for financial years 2025, 2026 and 2027.
  • Second, shareholders voted to approve the reappointment of Mr. Vara Kong as an Independent Director at the company for a second term, effective from January 16, 2026 to January 15, 2029. Shareholders also voted to approve the amendment of the Memorandum and Articles of Association of MJQ Education Plc., further voting that the Chairman of the Board and Corporate Secretary are authorised to take any necessary actions and to sign any documents as may be required by any and all relevant competent authorities.
  • Finally, MJQ Education shareholders approved the distribution of the cash dividend for FY2024 profits, with public shareholders receiving a dividend of roughly 145 Khmer riel per share, and private shareholders receiving a dividend of roughly 51 riel per share. Public shareholders collectively hold an ownership percentage of roughly 3% and will receive a total dividend distribution of 1.45 billion Khmer riel or over $362,000 US dollars. The company’s 11 private shareholders account for an ownership percentage of roughly 97% and will receive a total dividend distribution of 16.1 billion Khmer riel or over $4 million US dollars. 
     
  • Moving on to the exchange rate, the KHR to USD weakened slightly to 4,004 riel per USD, while the USD index was slightly up from our last report to 99.80.
  • Looking at global commodities, oil prices fell more than $1 dollar a barrel on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns about more supply coming into a market clouded by an uncertain demand outlook.
  • Brent crude futures dropped $1.34 dollars, or 2.19%, to $59.95 US dollars a barrel while U.S. West Texas Intermediate crude was at $56.87 US dollars a barrel, down $1.42 dollars, or 2.44%  (0717 GMT).
  • Gold firmed, supported by a softer dollar, as investors waited to see how U.S.-China trade relations will unfold, and for the Federal Reserve's policy meeting due later this week.
  • Spot gold gained 0.6% to $3,259.29 US dollars an ounce. U.S. gold futures rose 0.8% to $3,267.70 US dollars. (0623 GMT)
     
  • Stock futures slipped early Monday, putting indexes on course to end a historic stretch of gains. 
  • The S&P 500 had risen for nine straight sessions through Friday, the longest winning streak in more than two decades, as markets rebounded from the initial shock of Trump's early April tariff moves.
  • As of the time of the Cambodian market’s closing, the S&P 500 was down 0.74%, the Dow slipped 0.61%, and the Nasdaq 100 dropped 0.81%

Watch the 5 May 2025 market update in Khmer below: