13 June 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 13 June 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was up today by 0.25 points or 0.06 per cent to 408.83. 
• Total trade volume was higher than yesterday, with 191,909 shares changing hands at a total trade value of 797.7 million Khmer riel, or roughly $193,725 US dollars.
• On the Main Board, only two shares were up – Pestech Cambodia, which was up 2.34 per cent or 50 riel to 2,190 riel per share, and CAMGSM, up 0.42 per cent or 10 riel to 2,410 riel per share. 
• MJQ Education, Royal Group Phnom Penh SEZ and the Phnom Penh Water Supply Authority were three stocks that saw their prices remain flat, while the rest of the main board was down.
• The biggest percentage loser of the day was Sihanoukville Autonomous Port (PAS), down 0.65 per cent or 80 riel to 12,140 riel per share, followed by Grand Twins International, down 0.43 per cent or 10 riel to 2,300 riel per share.
• On the growth board, DBD Engineering was up by 0.88 per cent, while JS Land was down by 0.26 per cent.
• Grand Twins International recorded the highest trade volume of the day, with 107,704 shares changing hands at a value of 237.5 million Khmer Riel, or over $58,000 US dollars, which accounted for over 52 per cent of all shares traded on June 13th. ACLEDA Bank was 2nd in terms of trade volume, however, remained the leader in terms of trade value, with 35,175 shares changing hands at a total value of 263.6 million Khmer riel or over $64,000 US dollars.
   
• In other market news, Phnom Penh Autonomous Port published its disclosure report for its unaudited revenue for the first five months of 2024, reporting a 10 per cent increase in revenue, or an increase of 14.41 million US dollars, compared to the same period in 2023.
   
• The Khmer riel to USD continued to weaken to 4,117 riel per US dollar, while the US dollar index was slightly down once again to 104.81.
• Oil prices slipped on Thursday as investors digested that the U.S. Federal Reserve had likely pushed back an interest rate cut to December, and as U.S. crude and fuel stocks rose. Brent crude futures were down 43 cents, or 0.5 per cent, to $82.17 US dollars a barrel.
• Analysts say the decision by the U.S. Federal Reserve to hold interest rates steady is aimed at avoiding a recession. However, higher borrowing costs tend to dampen economic growth, and can, by extension, limit oil demand.
• Gold prices also fell following the same U.S. Federal Reserve policy meeting, with Spot gold down 0.4 per cent at $2,313.92 US dollars per ounce, and U.S. gold futures falling 1.1 per cent to $2,329.50 US dollars.
• S&P 500 futures rose Thursday after the broad market index closed above 5,400 for the first time, following the Federal Reserve’s latest interest rate decision, and a May consumer inflation print that came in cooler than expected.
• S&P 500 futures and Nasdaq 100 futures climbed 0.1 per cent and 0.5 per cent, respectively, while the Dow Jones Industrial Average futures fell 121 points, or 0.3 per cent.

Watch the 13 June 2024 market update in Khmer below: