19 November 2024 - Market Update - B2B Cambodia

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

Watch the video in English above.

• The Cambodia Securities Exchange Index was down 0.97 points, or 0.24%, to 402.53. 
• Total trade volume was up compared to Monday, with 68,936 shares changing hands at a total value of 404 million riel or approximately $100,000 US dollars.
• On the main board, three stocks were up. Leading the market was Grand Twins International, up 3.24% or 160 riel, to 5,100 riel per share. This was followed by the Royal Group Phnom Penh SEZ, which was up 0.44% or 10 riel to 2,260 riel per share. The Phnom Penh Autonomous Port was also up 20 riel to 13,500 riel per share.
• On the other hand, three stocks were down. The biggest loser of the day was the Phnom Penh Water Supply Authority, which was down 0.94% or 60 riel to 6,300 riel per share. CAMSGM also dropped 0.41% or 10 riel to 2,430 riel per share. ACLEDA Bank was also down 0.29% or 20 riel to 6,980 riel per share.
• Meanwhile, the Sihanoukville Autonomous Port, Pestech Cambodia, and  MJQ Education remained flat. Over on the growth board, both stocks were down. DBD Engineering was down 0.49% or 10 riel to 2,050 riel per share, and JS Land was down 0.29% or 10 riel 3,480 riel per share.
    
• ACLEDA Bank once again recorded the highest trade volume of the day, with 27,729 shares changing hands at a total value of 194 million riel, or around $35,800 USD, making up roughly 36% of total shares traded on November 19th.
• Grand Twins International recorded the second highest trade volume of the day, with 23,683  shares changing hands at a total value of 119 million riel, or over $29,500 USD, accounting for around 30% of Tuesday’s trade volume.
   
• In other market news, Royal Group Phnom Penh SEZ released its 3rd quarterly report for 2024, which shows that the company recorded a total revenue of 12.8 billion riel, which is a decrease of 83% from the same period in 2023. However, the company reported an increase in net profits, up 216.47% from Q3 of 2023, to 18.2 billion riel or roughly $4.5 million US dollars.
   
• Exchange rate, the KHR to USD strengthened to 4,039 riel per USD, while the USD index was slightly down to 106.45.
   
• Looking at global commodities, oil slipped on Tuesday pressured by the restart of production at Norway's Johan Sverdrup oilfield, although investor caution arising from fears of an escalation in the Russia-Ukraine war limited the decline.
• Brent crude futures were down 45 cents, or 0.6%, to $72.85 US dollars a barrel.
• Gold prices climbed for a second straight session to hit a one-week peak on Tuesday as the U.S. dollar pulled back from recent highs, while investors awaited comments from U.S. Federal Reserve officials for clarity on interest rate cut policy.
• Spot gold rose 0.3% to $2,619.50 US dollars per ounce, the highest since November 12th. Prices gained 2% on Monday, recovering from a two-month low hit on Thursday. 
• U.S. gold futures added 0.4% to $2,623.70 US dollars.
   
• Stock futures fell as Russia’s Vladimir Putin updated the country’s nuclear doctrine. The changes mean that Russia will now view any attack by a non-nuclear country supported by a nuclear power as a joint attack, Russian news agency TASS reported. This news comes after U.S. President Biden authorised Ukrainian forces to use long-range weapons to strike inside Russia, as the Wall Street Journal reported on Monday.
• As of the time of the Cambodian market’s closing, Futures tied to the S&P 500 fell 0.3%, while Nasdaq 100 futures slipped 0.4% after both were initially higher earlier in the day. The Dow Jones Industrial Average fell 0.4%, or 190 points, ahead of the open.

Watch the 19 November 2024 market update in Khmer below: