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B2B Asia News
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This is a B2B Cambodia Market Update for 13 December 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up 0.43 points, or 0.11% to 401.08.
- Total trade volume was down with 50,212 shares changing hands at a total value of 328.9 million KHR or approximately $81,645 US dollars.
- On the main board, three stocks were up. Leading the market was Pestech Cambodia, up 0.85% or 20 KHR to 2,360 KHR per share, followed by the Sihanoukville Autonomous Port, which was up 0.36% or 40 KHR to 11,240 KHR per share. ACLEDA Bank was also up 20 KHR to 6,920 KHR per share.
- Only one stock was down on the other hand. The Phnom Penh Autonomous was down 0.75% or 100 KHR to 13,300 KHR per share. The rest of the main board, including the Phnom Penh Water Supply Authority, Grand Twins International, Royal Group Phnom Penh SEZ, MJQ Education, and CAMGSM, remained flat.
- Over on the growth board, DBD Engineering was up 1% or 20 KHR to 2,030 KHR per share, while JS Land remained flat at 3,430 KHR per share.
- ACLEDA Bank once again recorded the highest trade volume of the day, with 29,719 shares changing hands at a total value of 204.9 million KHR or around $50,900 US dollars, roughly 59% of total shares traded on December 13th.
- Sihanoukville Autonomous Port recorded the second highest trade volume of the day, but with a significant gap to the highest, with only 6,461 shares changing hands at a total value of 72 million KHR or around $18,000 US dollars, making up 13% of Friday’s trade volume.
- In other market news, ACLEDA BANK received a B+ or ‘stable’ report from the S&P Global Ratings Agency. According to the bank’s disclosure report posted on the CSX website, this stable rating outlook reflects that ACLEDA Bank has nourished its long-term financial profile with sufficient capital buffers to respond to all economic conditions. Several factors have helped ACLEDA Bank sustain its funding profile, furthermore, its large retail deposit base, financial services, dominant digital, and physical presence reflect the strength of the bank’s business network operations and its maintenance of sustainable development.
- Exchange rate, the KHR to USD weakened to 4,021 KHR per USD, while the USD index was up to 107.12.
- Looking at global commodities, oil prices nudged upwards on Friday, heading for their first weekly rise since the end of November, as additional sanctions on Iran and Russia ratcheted up supply worries, while a surplus outlook weighed on markets.
- Brent crude futures edged up 5 cents to $73.46 US dollars a barrel, while U.S. West Texas Intermediate crude was up 8 cents at $70.1 US dollars a barrel.
- Both contracts are on track for a weekly gain of more than 3% as concerns about supply disruption from tighter sanctions on Russia and Iran, and hopes that Chinese stimulus measures could lift demand in the world's No. 2 oil consumer support prices.
- Gold prices edged higher and were set for a weekly gain, driven by recent reports of top consumer China resuming gold purchases, and heightened expectations of an interest rate reduction by the U.S. Federal Reserve at its December 17-18 meeting.
- Spot gold was up 0.1% at $2,684.87 US dollars per ounce. Bullion is headed for a weekly gain and has added nearly 2% so far this week.
- U.S. gold futures inched lower at $2,706.40 US dollars.
- Stocks looked set to rebound on Friday as worries about sticky inflation and signs of weakness in the U.S. job market subsided.
- As of the time of the Cambodian market’s closing, Futures tracking the Dow Jones Industrial Average rose 63 points, or 0.1%, putting the index on course to snap a six-day losing streak.
- Futures for the benchmark S&P 500 climbed 0.2% and contracts tracking the tech-heavy Nasdaq 100 were up 0.5%.
Watch the 13 December 2024 market update in Khmer below: