14 June 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 14 June 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange (CSX) Index is down today by 0.15 points or 0.04 per cent to 408.68. 
• Total trade volume was down and very, very light today, with 58,093 shares changing hands at a total trade value of 303 million Khmer riel, or roughly $73,600 US dollars.
• On the Main Board, only one stock saw a percentage rise. ACLEDA Bank was up 0.27 per cent or 20 riel to 7,520 riel per share. Grand Twins International, on the other hand, saw the biggest percentage loss of the day, down 1.30 per cent or 30 riel to 2,270 riel per share, followed by Pestech Cambodia which was down 0.91 per cent or 20 riel to 2,170 riel per share.
• On the growth board, DBD Engineering was down 0.44 per cent, while JS Land saw no activity and remained at a flat price of 3,780 riel per share. 
• ACLEDA Bank recorded the highest trade volume of the day, with 18,187 shares changing hands at the value of 136.4 million Khmer riel or 33,100 US dollar, which accounted for 30 per cent of all shares traded on June 14th. MJQ Education was in second place with 14,184 shares changing hands at a value of 28.8 million riel and accounting for 23 per cent of shares traded. 
   
• In other market news, Grand Twins International (GTI) has disclosed its decision to increase long-term borrowings by $7.2 million dollars from Taiwanese bank, Mega International Commercial Bank Co., Ltd., with the purpose of repaying existing loans and using the funds as working capital.
• JS LAND also announced that its Board of Directors resolved not to distribute dividends to shareholders for the 2023 fiscal year. According to the disclosure report on the company’s General Shareholder’s Meeting held on June 13th, the decision was made to prudently manage the company's cash flow and direct resources towards fueling future growth and development.
   
• The Khmer riel to USD remain unchanged at 4,117 riel per US dollar, while the US dollar index was up to 105.63
• Oil prices eased on Friday as markets evaluated the impact of U.S. interest rates staying higher for longer than anticipated, but crude benchmarks headed for their best week in more than two months after solid projections for crude and fuel demand.
• Brent crude futures were down 42 cents, or 0.5 per cent, at 82.33 US dollars a barrel.
• Gold prices are also set for their first weekly gain in four weeks. Spot gold was up 0.2 per cent at $2,306.89 US dollars per ounce, reflecting a weekly increase of 0.5 per cent. 
• US gold futures rose by 0.2 per cent to $2,322.00 US dollars per ounce .
• As of the time of the Cambodian market’s closing, U.S. stock index futures retreated, with the S&P 500 and the Nasdaq pulling back after consecutive record highs as investors weighed hawkish Federal Reserve projections against the backdrop of a cooling economy. U.S. futures for the S&P 500 were down 0.1 per cent and futures for the Dow Jones Industrial Average declined 0.3 per cent.

Watch the 14 June 2024 market update in Khmer below: