By
B2B Asia News
on
This is a B2B Cambodia Market Update for 10 January 2025, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down 1.93 points, or 0.47% to 405.34
- Total trade volume was down with 52,451 shares changing hands at a total value of over 313 million KHR or approximately $77,500 US dollars.
- Not a single stock was up on the main board. Three were down and six were flat. The biggest loser of the day was ACLEDA Bank, which dropped 1.38% or 100 KHR to 7,160 KHR per share, followed by the Sihanoukville Autonomous Port, which was down 0.51% or 60 KHR to 11,640 KHR per share. MJQ Education was also down 10 KHR or 0.48% to 2,060 KHR per share.
- As mentioned, the rest of the main board remained flat.
- Over on the growth board, DBD Engineering was up 0.49% or 10 KHR to 2,040 KHR per share, while JS Land dropped 0.30% or 10 KHR to 3,370 KHR per share.
- ACLEDA Bank recorded the highest trade volume of the day with 33,643 shares changing hands at a total value of 242 million KHR or close to $60,000 US dollars, which is 64% of total shares traded on January 10th.
- CAMGSM recorded the second highest trade volume of the day, but with a significant gap to the highest with only 4,010 shares changing hands at a total value of 9.7 million KHR or $2,400 US dollars, which is 7.6% of Friday’s trade volume.
- Exchange rate, the KHR to USD weakened slightly to 4,042 KHR per USD, while the USD index was slightly down to 109.11.
- Looking at global commodities, oil prices rose in early Asian trade and were on track for a third straight week of gains with icy conditions in parts of the United States and Europe driving up fuel demand.
- Brent crude futures climbed 69 cents, or 0.9%, to $77.61 US dollars a barrel. Over the three weeks ending January 10th, Brent has advanced over 6%.
- Gold prices inched higher on Friday as uncertainty around U.S. President-elect Donald Trump's policies firmed demand for bullion, while investors awaited a key jobs report to assess the U.S. Federal Reserve's rate cut trajectory.
- Spot gold edged 0.2% higher to $2,675.49 US dollars per ounce. Bullion has gained more than 1% so far this week, set for its highest weekly jump since mid-November. U.S. gold futures rose 0.3% to $2,698.30 US dollars.
- U.S. stock futures fell on Friday morning as investors anxiously await the release of new economic data on Friday. As of the time of the Cambodian market’s closing, S&P 500 futures shed about 0.28%, and Nasdaq 100 futures fell 0.32%. Futures tied to the Dow Jones Industrial Average dropped 79 points, or 0.18%.
Watch the 10 January 2025 market update in Khmer below: