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8 July 2024 - Market Update - B2B Cambodia

Banking & Finance
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8 July 2024 - Market Update - B2B Cambodia
B2B Cambodia Market Update - 8 July 2024.

This is a B2B Cambodia Market Update for 8 July 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

  • The Cambodia Securities Exchange Index was up by 1.16 points or 0.28 per cent to 417.92.
  • Total trade volume was down from Friday to a very light 85,129 shares changing hands at a total trade value of KHR 504.4 million, or roughly USD 122,600.
  • On the main board, five stocks were up. The Phnom Penh Autonomous Port led the market, up 3.61 per cent or KHR 600 to KHR 17,240 per share. Following in second was the Sihanoukville Autonomous Port, up 1.66 per cent or KHR 200 to KHR 12,220 per share. Other stocks up were Royal Group Special Economic Zone, MJQ Education and Grand Twins International.
  • Only one company was down today. The Phnom Penh Water Supply Authority was down 0.56 per cent to KHR 7,040 per share. Pestech Cambodia and ACLEDA Bank remained flat.
  • On the growth board, both stocks were up, JS Land was up 1.94 per cent or KHR 70 to KHR 3,680 per share, while DBD Engineering was up 0.97 per cent or KHR 20 to KHR 2,080 per share.
     
  • DBD Engineering was also the overall trade volume leader today, with 22,693 shares changing hands at a value of KHR 46.7 million or USD 11,360, equivalent to 20.6 per cent of all shares traded on the growth and main boards combined on July 8.
  • Royal Group Phnom Penh SEZ closed with the second highest trade volume of the day, recording a total of 21,295 shares traded at a value of KHR 48.3 million or USD 11,745, equivalent to roughly 19.4 per cent of the total trade volume.
     
  • In other market news, the Securities and Exchange Regulator of Cambodia (SERC) published its quarterly bulletin report reviewing the state of the Cambodian securities market in the first quarter of 2024. The Cambodia securities market’s total market capitalisation at the end of Q1 2024 was approximately KHR 12.37 trillion, or approximately USD 3.06 billion, and with a total trading volume of 3.39 million shares. Activity on the main board accounted for 95.91 per cent of shares traded. In the bond market, there was no trading recorded of any corporate bonds in the first quarter of this year.
  • ACLEDA Bank was the highest traded company in this quarter, accounting for 21.29 per cent of all shares traded, followed by MJQ Education with 8.69 per cent and CAMGSM with 6.99 per cent.
     
  • The KHR-USD strengthened to KHR 4,117 per USD, while the US dollar index was slightly down to 104.95.
     
  • Oil prices slid on Monday after rising for four weeks, as the prospect of a ceasefire deal in Gaza eased tensions in the Middle East, while investors assessed potential disruption to U.S. energy supplies from Hurricane Beryl.
  • Brent crude futures were down 49 cents, or 0.57 per cent, at USD 86.05 a barrel. U.S. West Texas Intermediate crude was at USD 82.53 a barrel, down 63 cents, or 0.76 per cent.
  • Gold prices also slipped as investors booked profits after soft U.S. jobs data fuelled prices to a more than a month high on rising expectations that the U.S. Federal Reserve will begin cutting interest rates in September.
  • Spot gold fell 0.9 per cent to USD 2,370 per ounce, after rising to its highest level since May 22 last Friday. U.S. gold futures eased 0.8 per cent to USD 2,377.50.
     
  • Stock futures were flat Monday as investors await key inflation data for further clues on the longevity of this year’s market rally. Earnings from some major financial giants and consumer companies are also on the docket.
  • S&P 500 futures fell marginally, while futures tied to the Dow Jones Industrial Average traded just above the flatline. Nasdaq-100 futures dipped about 0.1 per cent.

Watch the 8 July 2024 market update in Khmer below: