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B2B Asia News
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This is a B2B Cambodia Market Update for 17 January 2025, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up 1.12 points, or 0.27% to 408.6.
- Total trade volume was up with 57,973 shares changing hands at a total value of over 312 million KHR or approximately $77,700 US dollars.
- On the main board, five stocks were up. Leading the market was Grand Twins International, up 3.17% or 160 KHR to 5,200 KHR per share, followed by Phnom Penh Autonomous Port, which was up 1.48% or 200 KHR to 13,700 KHR per share. Other stocks up were the Phnom Penh Water Supply Authority, Sihanoukville Autonomous Port, and ACLEDA Bank.
- On the downside, Royal Group Phnom Penh SEZ was the biggest loser of the day, dropping
0.47% or 10 KHR to 2,130 KHR per share, followed by Pestech Cambodia, which was down 0.43% or 10 KHR to 2,330 KHR per share. - Meanwhile MJQ Education and CAMGSM remained flat.
- Over on the growth board, JS Land stayed flat, while DBD Engineering dropped 0.49% or 10 KHR to 2,040 KHR per share.
- ACLEDA Bank recorded the highest trade volume of the day with 25,459 shares changing hands at a total value of 184.7 million KHR or close to $46,000 US dollars, making up 44% of total shares traded on Friday.
- Grand Twins International recorded the second highest trade volume of the day with 11,682 shares changing hands at a total value of 59.9 million KHR or nearly $15,000 US dollars, which is roughly 20% of total shares traded on January 17th.
- In other market news, the Phnom Penh Autonomous Port reported an unaudited revenue of over $10 million US dollars in Q4 of 2024, marking a 25% increase compared to the same period in 2023. Meanwhile, it was also announced that Kyosuke Hattori, Director of ACLEDA Bank, has resigned from his position on the bank’s Board of Directors, effective March 19, 2025. A new director for this position will be nominated in accordance with the policy and relevant regulations of the bank.
- Exchange rate, the KHR to USD weakened to 4,027 KHR per USD, while the USD index was slightly down to 109.09.
- Looking at global commodities, oil prices rose on Friday, heading for a fourth consecutive week of gains as the latest U.S. sanctions on Russian energy trade hit supply, pushing up spot trade prices and shipping rates.
Brent crude futures were trading 55 cents or 0.7% higher at $81.84 US dollars per barrel and have gained 2.6% so far this week. - Gold prices hovered near a five-week high and were set for a third straight week of gains, as U.S. inflation data released earlier this week revived expectations that the U.S. Federal Reserve might cut interest rates more than once this year.
- Spot gold eased 0.1% to $2,709.49 US dollars per ounce. Bullion has gained about 1% so far this week, having hit its highest since December 12th on Thursday.
- Stock futures ticked higher early Friday after the Dow Jones Industrial Average and the S&P 500 ended a three-day losing streak.
- As of the time of the Cambodian market’s closing, Futures tied to the 30-stock Dow added 55 points, or around 0.13%. S&P 500 futures and Nasdaq 100 futures both inched up 0.18% and 0.2% respectively.
Watch the 17 January 2025 market update in Khmer below: