18 November 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 18 November 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was down 1.25 points, or 0.31%, to 403.50. 
• Total trade volume was down compared to the Wednesday before the Water Festival, with 53,556 shares changing hands at a total value of 296 million riel, or approximately $73,100 USD.
• On the main board, four stocks were up. Leading the market was Pestech Cambodia, which rose by 2.11% or 50 riel to 2,420 riel per share. This was followed by the Phnom Penh Autonomous Port and Royal Group Phnom Penh SEZ, which both gained 0.90% or 120 riel and 20 riel, respectively. The Sihanoukville Autonomous Port was also up by 0.71% or 80 riel to 11,340 riel per share.
• Meanwhile, four stocks were down. The biggest loser of the day was the Phnom Penh Water Supply Authority, which was down 1.85% or 120 riel to 6,360 riel per share. ACLEDA Bank was also down 0.57% or 40 riel to 7,000 riel per share. Grand Twins International and CAMGSM also experienced declines, while MJQ Education remained flat.
• Over on the growth board, JS Land was up 0.29% or 10 riel to 3,490 riel per share, while DBD Engineering remained flat​ at 2,060 riel per share. 
   
• ACLEDA Bank once again recorded the highest trade volume of the day, with 20,702 shares changing hands at a total value of 144.9 million riel, or over $35,800 USD, making up roughly 35.8% of total shares traded on November 18th.
• The Phnom Penh Water Supply Authority recorded the second highest trade volume of the day, with 14,564 shares changing hands at a total value of 92 million riel, or over $22,825 USD, accounting for around 25% of Monday’s trade volume.
   
• In other market news, the International Trade Centre and Cambodia Women Entrepreneurs Network (CamWEN) jointly-organised the 2024 Cambodia International Trade Exhibition, to connect women entrepreneurs from the ASEAN region with consumers from the United Kingdom. The exhibition is taking place at the Diamond Island Convention and Exhibition Centre from November 18-19. Eight UK companies and 75 Cambodian women-led businesses are participating, with the mission of strengthening trade connections and empowering women in business across the UK and ASEAN as part of the UK Government-funded SheTrades Program under the International Trade Centre.
   
• Exchange rate, the KHR strengthened to 4,044 riel per USD, while the USD index rose to 106.70.
   
• Looking at global commodities, oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China and forecasts of a global oil surplus weighed on markets.
• Brent crude futures were up 55 cents, or 0.8%, to $71.59 US dollars a barrel.
• Gold prices rose nearly 1% on Monday after last week's sharp decline, as a rally in the dollar paused, while market players awaited comments from U.S. Federal Reserve officials for more clues on the U.S. interest rate path.
• Spot gold firmed 0.9% to $2,584.80 US dollars per ounce, after falling to its worst week in more than three years on Friday. 
• U.S. gold futures were up 0.8% to $2,589.90 US dollars. The dollar was flat after rising 1.6% last week. A weaker dollar makes bullion less expensive for buyers holding other currencies.
   
• A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty over the impact of the president-elect's policies. The S&P 500 fell 2% in the past week, erasing more than half its gains from a post-election surge fueled in part by optimism over the pro-growth policies that are a key part of Trump’s economic platform.
• U.S. stock futures were mostly higher early Monday as the market looked to rebound after its worst week in more than two months.
• As of the time of the Cambodian market’s closing, Futures tied to the S&P 500 rose 0.1%, Nasdaq 100 futures climbed 0.6%, and Dow Jones Industrial Average futures were down 0.3% ahead of the open.

Watch the 18 November 2024 market update in Khmer below: