16 January 2025 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 16 January 2025, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was down 0.37 points, or 0.09% to 407.48. 
• Total trade volume was down with 39,947 shares changing hands at a total value of over 159.9 million KHR or approximately $39,600 US dollars.
• On the main board, two stocks were up. Leading the market was ACLEDA Bank, up 0.56% or 40 KHR to 7,240 KHR per share, followed by MJQ Education, which was up 0.48% or 10 KHR to 2,080 KHR per share.
• On the downside, Pestech Cambodia was the biggest loser of the day, dropping 4.10% or 100 KHR to 2,340 KHR per share, followed by Phnom Penh Autonomous Port, which was down 1.17% or 160 KHR to 13,500 KHR per share. CAMGSM was also down 0.41% or 10 KHR to 2,430 KHR per share.
• Meanwhile the rest of the main board stayed flat.
• Over on the growth board, DBD Engineering remained flat, while JS Land dropped 0.62% or 20 KHR to 3,220 KHR per share.
• Royal Group Phnom Penh SEZ recorded the highest trade volume of the day with 11,671 shares changing hands at a total value of 24.8 million KHR or a little over $6,000 US dollars, making up 29% of total shares traded on Thursday.
   
• ACLEDA Bank recorded the second highest trade volume of the day with 9,173 shares changing hands at a total value of 66 million KHR or roughly $16,400 US dollars, which is 23% of total shares traded on January 16th. 
   
• In other market news, ACLEDA Bank has announced a decision on the issuance of a $100 million dollar long-term debt security, targeting qualified investors. The bank says the subordinated bond issuance is intended for use as capital, for general banking activities, and for other corporate objectives. The bond has a borrowing term of 7 years, from 2025 to 2032, with an interest rate of 8.50%.
• DBD Engineering also announced that it has signed a loan contract with Neang Vithy, Chairman and Managing Director of the company, for a loan of $1 million dollars, dated January 15, 2025. According to the company’s disclosure notice, this loan will be used to fund new construction projects and cover the company's operating expenses, with an interest rate of 1.23% per month for 1 year and 5.5 months, maturing in July 2026.
   
• Exchange rate, the KHR to USD strengthened to 4,025 KHR per USD, while the USD index was slightly down to 109.8.
   
• Looking at global commodities, oil prices gained for a second session on Thursday, supported by worries over potential supply disruptions amid U.S. sanctions on Russia, a larger-than-forecast fall in U.S. crude oil stocks, and an improving global demand outlook.
• Brent crude futures rose 23 cents, or 0.3%, to $82.26 US dollars per barrel after rising 2.6% in the previous session to their highest since July 26th last year.
• Gold prices were steady after hitting over one-month highs, as softer U.S. core inflation data lifted expectations that more rate cuts were still on the table, although news of a ceasefire accord between Israel and Hamas capped gains.
• Spot gold held its ground at $2,696.69 US dollars per ounce, after hitting its highest since December 12th earlier in the session. U.S. gold futures gained 0.3% to $2,726.60 US dollars.
   
• U.S. stock futures were higher early Thursday after the S&P 500 posted its best day since November, on the back of a tame inflation report and blowout bank results. Traders are also looking ahead to more big bank earnings.
• As of the time of the Cambodian market’s closing, Dow Jones Industrial Average futures added 26 points, or about 0.06%. S&P 500 futures were 0.35% higher while Nasdaq 100 futures gained 0.6%.

Watch the 16 January 2025 market update in Khmer below: