19 June 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 19 June 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange (CSX) Index was up today by 0.07 points or 0.02 per cent to 407.73
• Total trade volume was moderate, at 204,673 shares changing hands at a total trade value of 1.36 billion Khmer riel, or roughly $331,000 US dollars.
• On the Main Board, four stocks were up, the leader being Grand Twins International, up 1.75 per cent or 40 riel to 2,320 riel per share. Pestech Cambodia followed in second, up 0.94 per cent or 20 riel to 2,140 riel per share.
• Only two stocks were down, with the Phnom Penh Autonomous Port as the biggest loser of the day, down 3.2 per cent or 420 riel to 12,720 riel per share, followed by Royal Group Phnom Penh SEZ, which was down 0.45 per cent or 10 riel to 2,190 riel per share.​​
• On the growth board, both DBD Engineering and JS Land remained flat. 
• The Sihanoukville Autonomous Port, which was up 0.5 per cent, recorded the highest trade volume of the day, with 64,162 shares changing hands at a value of 695.1 million Khmer riel or over $169,000 US dollars, which accounted for around 27 per cent of all shares traded on June 19th.
• On the other side of the spectrum, JS Land on the growth board only saw 147 shares get traded for a total value of roughly $132 US dollars.
   
• In other market news, Cambodia and Singapore have launched a financial transparency corridor for small and medium enterprise trade. The announcement was made by the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) on June 19th, during Cambodian Prime Minister Hun Manet’s official state visit to Singapore. 
• According to the announcement, the Financial Transparency Corridor (FTC) is a consent-based digital infrastructure and network between financial institutions in Singapore and Cambodia, that aims to catalyse increased trade and cross-border related financial services between small and medium-sized enterprises in both countries. 
• The idea is that the ease of data accessibility will enable participating financial institutions to make better credit risk assessments and facilitate greater availability of financing for SME trade between Singapore and Cambodia. It was also announced that from Cambodia, the first batch of participating financial institutions are ABA Bank, ACLEDA Bank, Phillip Bank, Sathapana Bank and Wing Bank, while from Singapore the participating financial institutions are ANEXT Bank, Liquid Group and Sing Investments & Finance Limited.
   
• The Khmer riel to USD continued to weaken to 4,120 riel per US dollar, while the US dollar index was slightly down to 105.22.
• Oil prices eased slightly during trade on Wednesday but held near their highest levels in seven weeks, as the market weighed concerns over escalating conflicts against demand worries following an unexpected build in U.S. crude inventories. 
• Brent crude futures eased 17 cents to $85.16 US dollars a barrel.
• Gold prices meanwhile edged higher after softer U.S. retail sales data boosted expectations that the Federal Reserve will cut interest rates this year. Spot gold was up 0.1 per cent at $2,328.67 US dollars per ounce, and U.S. gold futures fell 0.2 per cent to $2,33.30 US dollars.
• Over in the U.S., stock markets will be closed today for the Juneteenth holiday, however on Tuesday, when the Cambodian markets were closed for the public holiday marking the Queen Mother’s birthday, the S&P 500 added 0.3 per cent to 5,487.03, setting an all-time high for the 31st time this year. The Nasdaq composite edged up by less than 0.1 per cent to 17,862.23, and the Dow Jones Industrial Average gained 0.2 per cent to 38,834.86.

Watch the 19 June 2024 market update in Khmer below: