15 July 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 15 July 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was down 1.53 points or 0.37% to 412.63 .
• Total trade volume was, however, up compared to Friday, with 72,730 shares changing hands at a trade value of around 295.1 million Khmer riel or around $71,900 US dollars. 
• On the main board, only Grand Twins International was up, rising 0.91% or 30 riel to 3,310 riel per share. The rest of the main board, as well as the growth board, were either down or remained flat.
• The biggest percentage loser of the day was ACLEDA Bank, down 0.53% or 40 riel to 7,500 riel per share, followed by MJQ Education, which was down 0.49% or 10 riel to 2,030 riel per share. Other stocks down were CAMGSM, Phnom Penh Autonomous Port and the Phnom Penh Water Supply Authority. Meanwhile, Royal Group Phnom Penh SEZ, Sihanoukville Autonomous Port and Pestech Cambodia stayed flat. 
• Over on the Growth Board, JS Land was down 1.12% or 40 riel to 3,530 riel per share, while DBD Engineering remained flat at 2,090 riel per share. 
   
• Grand Twins International recorded the highest trade volume of the day with 29,489 shares changing hands at a total value of 94.5 million riel or roughly $23,000 US dollars, equivalent to 38.6% of total shares traded on July 15th. Following in second was ACLEDA bank with 17,759 shares changing hands at a total value of 133.2 million riel or $32,500 US dollars, the highest trade value of the day, making up around 23% of Monday’s trade volume. 
   
• In other market news, the Phnom Penh Autonomous Port in its Q2 2024 report announced its revenue from port operations and other services, totaling at a value of $10.2 million US dollars, which is a 17% increase compared to the same period in 2023. The Phnom Penh Autonomous Port’s total unaudited Semester I 2024 revenue is therefore $18.3 million US dollars – an increase of 12% compared to Semester I 2023.
   
• The Khmer riel to USD strengthened to 4,106 riel per US dollar, while the US dollar index was slightly down to 104.08.
   
• Oil held its ground on Monday as downward pressure from a stronger U.S. dollar and concern about demand in top oil importer, China, offset support from political uncertainty in the United States and the Middle East. The dollar firmed as investors wagered that the attack on U.S. presidential candidate, Donald Trump, over the weekend, has made him more likely to win the election in November. A stronger U.S. currency tends to weigh on demand for dollar-priced oil.
• Brent crude futures was up 1 cent at $85.04 US dollars a barrel.
• Gold, meanwhile, held at $2,408 US dollars an ounce, just off last week's top of $2,424 US dollars.
   
• Stock futures in the U.S. were higher in overnight trading Sunday as investors gear up for a big week of key corporate earnings.
• As of the time of the Cambodian market’s closing, futures on the Dow Jones Industrial Average rose 93 points, or 0.23%. S&P 500 futures added 0.26% and Nasdaq 100 futures added 0.41%.

Watch the 15 July 2024 market update in Khmer below: