2 January 2025 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 2 January 2025, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was down 3.43 points, or 0.83% to 409.32. 
• Total trade volume was down with 75,697 shares changing hands at a total value of over 472.9 million KHR or approximately $117,600 US dollars.
• On the main board, two stocks were up, while five were down. Leading the market was the Sihanoukville Autonomous Port, up 1.56% or 180 KHR to 11,740 KHR per share, followed by Pestech Cambodia, which was up 1.26% or 30 KHR to 2,420 KHR per share.
• On the downside, ACLEDA Bank saw the biggest drop, down 2.65% or 200 KHR to 7,340 KHR per share, followed by Royal Group Phnom Penh SEZ, which was down 0.46% or 10 KHR to 2,160 KHR per share. Other stocks down were CAMGSM, the Phnom Penh Water Supply Authority and the Phnom Penh Autonomous Port.
• Grand Twins International and MJQ Education, meanwhile, remained flat.
• Over on the growth board, DBD Engineering was down 1.46% or 30 KHR to 2,030 KHR per share, while JS Land still remained flat at 3,420 KHR per share.
   
• ACLEDA Bank recorded the highest trade volume of the day, with 46,422 shares changing hands at a total value of 343.5 million KHR or roughly $85,400 US dollars, roughly 61% of total shares traded on January 2nd.
• The Phnom Penh Water Supply Authority recorded the second highest trade volume of the day, however with a significant gap to the highest, with only 8,632 shares changing hands at a total value of 54.4 million KHR or a little over $13,500 US dollars, approximately 11% of Thursday’s trade volume.
   
• Exchange rate, the KHR to USD weakened slightly to 4,027 KHR per USD, while the USD index was down to 108.42.
   
• Looking at global commodities, oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery in China's economy and fuel demand following a pledge by President Xi Jinping to promote growth.
• Brent crude futures rose 17 cents, or 0.06%, to $74.82 US dollars a barrel after settling up 65 cents on Tuesday, the last trading day for 2024.
• Gold prices rose, keeping up the momentum from a positive end to a record-breaking 2024, as traders braced for U.S. President-elect Donald Trump's expected policy shifts that will shape the economic and interest rate outlook for the new year.
• Bullion surged over 27% in 2024, its biggest annual gain since 2010, as the U.S. Federal Reserve's substantial rate cuts, robust central bank purchases and escalating geopolitical tensions boosted it to multiple record highs last year.
• Spot gold rose 0.4% to $2,633.38 US dollars per ounce. 
• U.S. gold futures were 0.2% higher at $2,645.30 US dollars.
   
• Stock futures were slightly higher as trading got underway for 2025, with hopes that the market can regain the momentum that propelled it to log two-straight years of annual gains above 20%.
• As of the time of the Cambodian market’s closing, Futures tied to the Dow Jones Industrial Average rose 162 points, or 0.38%, while S&P 500 futures added 30 points, or 0.51%. 
• Nasdaq-100 futures rose 154 points, or 0.73%.

Watch the 2 January 2025 market update in Khmer below: