18 October 2024 - Market Update - B2B Cambodia

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

Watch the video in English above.

• The Cambodia Securities Exchange Index was down by 1.81 points​ or 0.44% to 406.32.
• Total trade volume was down and light with 59,745 shares changing hands at a total value of 368 million riel, or approximately $90,700 US dollars.
• On the main board, only one stock was up. Grand Twins International was up 0.96% or 40 riel to 4,200 riel per share.
• On the other hand, four stocks were down. The biggest loser of the day was the Sihanoukville Autonomous Port, which was down 1.05% or 120 riel to 11,300 riel per share, followed by the Phnom Penh Water Supply Authority, which was down 0.63% or 40 riel to 6,260 riel per share. Other stocks down included MJQ Education and ACLEDA bank.
• The rest of the main board remained flat including the Phnom Penh Autonomous Port, Royal Group Phnom Penh SEZ, Pestech Cambodia and CAMGSM.
• Over on the growth board, DBD Engineering was down 0.97% or 20 riel to 2,050 riel per share, while JS Land remained flat at 3,450 riel per share.
   
• ACLEDA Bank recorded the highest trade volume of the day, with 37,818 shares changing hands at a total value of 272.2 million riel, or close to $66,900 US dollars, making up roughly 54.5% of total shares traded on October 18th.
• The Phnom Penh Water Supply Authority recorded the second highest trade volume of the day with 13,049 shares changing hands at a total value of 80.5 million riel, or roughly $19,800 US dollars, accounting for 18.8% of Friday’s trade volume.
   
• In other market-related news, the Royal Group of Companies has launched Cambodia's first gas-fired facility, marking a significant investment of USD 1.34 billion, located in the Thmor Sor commune of Botum Sakor district, Koh Kong Province.
• The gas-fired power plant will feature two combined-cycle F-class generation units, each with a capacity of 450MW. Once operational, the plant is expected to generate approximately 6,000 Gigawatt hours (GWh) of electricity annually, supplying the EDC through a 30-year Power Purchase Agreement. 
• According to the Electricity Authority of Cambodia (EAC), the facility is projected to contribute 18 per cent to the country’s total generation capacity and account for 26 per cent of its energy output. The commercial operations for the first unit are anticipated to begin by April 2027.
   
• Exchange rate, the KHR to USD weakened slightly to 4,062 riel per USD, while the USD index was slightly down to 103.66.
   
• Looking at global commodities, oil futures steadied on Friday after data showed a fall in crude and fuel inventories in the United States and the emergence of more fiscal stimulus to boost China's economy, though prices were headed for their biggest weekly loss in more than a month.
• Brent crude futures gained 0.3% to $74.68 US dollars a barrel.
• Gold breached the $2,700 dollar-per-ounce level on Friday for the first time ever as U.S. election jitters and simmering Middle East tensions boosted safe-haven demand, while a looser monetary policy environment also added fuel to the rally.
• Spot gold was up 0.4% at $2,703.61 US dollars per ounce after scaling a record high of $2,714 US dollars earlier in the session. Prices gained about 2% this week. U.S. gold futures rose 0.4% to $2,719.20 US dollars.
   
• U.S. stock futures were rising early Friday with tech set to take a leg higher after Netflix’s third-quarter earnings beat analysts’ expectations.
• As of the time of the Cambodian market’s closing, Dow Jones Industrial Average futures were edging up 14 points, or less than 0.1%. Contracts tied to the tech-heavy Nasdaq 100 rose 0.4%, while S&P 500 futures were up 0.2%.

Watch the 18 October 2024 market update in Khmer below: