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B2B Asia News
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This is a B2B Cambodia Market Update for 11 February 2025, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down 0.42 points or 0.1% to 409.68.
- Total trade volume was up with 61,954 shares changing hands at a total value of 385 million KHR or over $95,000 US dollars.
- On the main board, four stocks were up and four were down. Leading the market was Grand Twins International, up 1.09% or 60 KHR to 5,580 KHR per share, followed by MJQ Education, up 0.48% or 10 KHR to 2,090 KHR per share. Pestech Cambodia and Royal Group Phnom Penh SEZ were also up.
- On the downside, the biggest loser of the day was Phnom Penh Autonomous Port, down 1.54% or 220 KHR to 14,060 KHR per share, followed by Sihanoukville Autonomous Port, which was down 0.34% or 40 KHR to 11,840 KHR per share. Phnom Penh Water Supply Authority and ACLEDA Bank were also down.
- Meanwhile, CAMGSM stayed flat at 2,440 KHR per share.
- Over on the growth board, DBD Engineering stayed flat, while JS Land dropped 0.65% or 20 KHR to 3,050 KHR per share.
- ACLEDA Bank once again recorded the highest trade volume of the day with 41,378 shares changing hands at a total value of 299 million KHR , or about $74,300 US dollars, roughly 67% of Tuesday’s trade volume.
- Grand Twins International recorded the second highest trade volume of the day with 5,832 shares changing hands at a total value of 32 million riel or a little over $8,000 US dollars, which is approximately 9% of February 11th’s trade volume.
- In other market news, ACLEDA Bank reported an over 15% decrease in net profits for the fiscal year 2024 compared to 2023. The bank stated that deposits, as of December 2024, into ACLEDA Bank and its subsidiaries, grew to $8.36 billion dollars, which is an increase of 15.65% compared to December 2023.
- Following the regulatory requirements related to loan reclassifications, and in order to withstand and absorb all risks that could impact loans and advances to customers, ACLEDA Bank also announced that it increased the allowance for impairment losses by $33.87 million US dollars compared. As a result, profit attributable to the owners of the bank in 2024 reached $121.19 million US dollars, or 493.38 billion Khmer Riel.
- As of December 31, 2024, ACLEDA Bank recorded $10.8 billion US dollars in total assets compared to the $9.7 billion US dollars recorded in 2023.
- Exchange rate, the KHR to USD strengthened to 4,013 riel per USD, while the USD index was up to 108.27.
- Looking at global commodities, oil prices extended gains on Tuesday amid concerns over Russian and Iranian oil supply and sanctions threats, despite worries that escalating trade tariffs could dampen global economic growth.
- Brent crude futures were up 55 cents, or 0.72%, at $76.42 US dollars a barrel, while U.S. West Texas Intermediate crude rose 50 cents or 0.69% to $72.82 US dollars. (0717 GMT)
- Both contracts posted gains of near 2% in the prior session after three weekly losses in a row.
- Gold's surge to a fresh record high is being fuelled by fears of an escalating global trade war instigated by U.S. President Donald Trump.
- Spot gold climbed to an all-time high of $2,942.70 US dollars an ounce during Tuesday's Asian trade, eclipsing the previous peak of $2,911.30 US dollars set on Monday and marking the eighth record set so far in 2025. (0920 GMT)
- U.S. stock futures traded lower early Tuesday as investors looked toward key inflation reports due later in the week.
- As of the time of the Cambodian market’s closing, Dow Jones Industrial Average futures slipped 69 points, or around 0.15%. Futures tied to the S&P 500 and Nasdaq 100 futures fell 0.22% and 0.29%, respectively.
Watch the 11 February 2025 market update in Khmer below: