14 January 2025 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 14 January 2025, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was up 0.74 points, or 0.18% to 405.42. 
• Total trade volume was up with 93,635 shares changing hands at a total value of over 352 million KHR or approximately $87,600 US dollars.
• On the main board, three stocks were up. The Phnom Penh Water Supply Authority led the market, up 0.96% or 60 KHR to 6,320 KHR per share, followed by CAMGSM, which was up 0.41% or 10 KHR to 2,430 KHR per share. The Phnom Penh Autonomous Port was also up 40 KHR to 13,680 KHR per share.
• On the downside, the Sihanoukville Autonomous Port was the biggest loser of the day, dropping 0.51% or 60 KHR to 11,620 KHR per share, followed by Royal Group Phnom Penh SEZ, which was down 0.47% or 10 KHR to 2,130 KHR per share.
• 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 2.10% or 70 KHR to 3,260 KHR per share.
• Royal Group Phnom Penh SEZ recorded the highest trade volume of the day with 54,586 shares changing hands at a total value of 115 million KHR or $28,600 US dollars, which is 58% of total shares traded on January 14th.
   
• ACLEDA Bank recorded the second highest trade volume of the day with 26,559 shares changing hands at a total value of 188.9 million KHR or over $47,000 US dollars, which is 28% of total shares traded on Tuesday. 
   
• In other market news, CAMGSM announced its decision to increase long-term borrowings from Union Commercial Bank by $19 million US Dollar on January 10, 2025. According to the company’s disclosure notice, this long-term loan is aimed at settling a Term Loan facility with Canadia Bank and has a maturity date of five years, ending January 2030, and an interest rate of 7.80%.
• It should be noted that in August 2023, CAMGSM obtained a new loan from at least three banks to fulfill its debt repayment obligations to the Bank of China, totaling $111.5 million US dollars. These loans included approximately $52.5 million from Maybank Cambodia, $40 million from Maybank Singapore, and $20 million from Canadia Bank.
   
• Exchange rate, the KHR to USD strengthened to 4,037 KHR per USD, while the USD index was down to 109.39.
   
• Looking at global commodities, oil prices eased on Tuesday but remained near four-month highs as the impact of fresh U.S. sanctions on Russian oil remained the market's main focus, ahead of U.S. inflation data this week.
• Brent futures slipped 53 cents, or 0.7%, to $80.48 US dollars a barrel.
• Prices jumped 2% on Monday after the U.S. Treasury Department on Friday imposed sanctions on Russian oil.
• Gold prices gained, buoyed by uncertainty surrounding U.S. President-elect Donald Trump's policy plans and investor positioning ahead of crucial U.S. inflation data that will offer further insights into the U.S. Federal Reserve's policy path.
• Spot gold rose 0.3% to $2,669.14 US dollars per ounce. U.S. gold futures gained 0.2% to $2,683.30 US dollars.
   
• Stock futures rose on Tuesday morning, as investors braced themselves for the first of two inflation readings due this week.
• As of the time of the Cambodian market’s closing, Futures tied to the Dow Jones Industrial Average gained 90 points, or about 0.21%. S&P 500 futures advanced 0.34%, while Nasdaq 100 futures climbed 0.5%.

Watch the 14 January 2025 market update in Khmer below: