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B2B Asia News
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This is a B2B Cambodia Market Update for 21 November 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down 1.05 points, or 0.26%, to 402.54.
- Total trade volume was up with 60,170 shares changing hands at a total value of 305.9 million riel or approximately $75,900 US dollars.
- On the main board, two stocks were up. Leading the market was the Phnom Penh Water Supply Authority, up 0.64% or 40 riel to 6,320 riel per share, followed by the Sihanoukville Autonomous Port, which was up 0.35% or 40 riel to 11,400 riel per share.
- On the other hand, four stocks were down. The biggest loser of the day was Pestech Cambodia, down 2.07% or 50 riel to 2,370 riel per share, followed by MJQ Education, which was down 0.49% or 10 riel to 2,040 riel per share. The other two stocks down were CAMGSM and ACLEDA Bank.
- Meanwhile the rest of the main board, including Grand Twins International, Phnom Penh Autonomous Port, and Royal Group Phnom Penh SEZ, remained flat.
- Over on the growth board, DBD Engineering was down 0.98% or 20 riel to 2,020 riel per share, while JS Land stayed flat at 3,470 riel per share.
- ACLEDA Bank once again recorded the highest trade volume of the day, with 18,470 shares changing hands at a total value of 128.8 million riel, or around $32,000 USD, making up roughly 25% of total shares traded on November 21st.
- Grand Twins International recorded the second highest trade volume of the day, with 17,633 shares changing hands at a total value of 92.9 million riel, or over $13,600 USD, accounting for around 24% of Thursday’s trade volume.
- Exchange rate, the KHR to USD continue to strengthened to 4,026 riel per USD, while the USD index was slightly up to 106.73.
- Looking at global commodities, oil prices climbed on Thursday as geopolitical concerns over escalating tensions between Russia and Ukraine outweighed the impact of a bigger-than-expected increase in U.S. crude inventories.
- Brent crude futures rose 60 cents, or 0.82%, to $72.81 US dollars.
- Gold prices rose for a fourth straight session, driven by safe-haven demand amid escalating tensions between Ukraine and Russia, while investors awaited remarks from U.S. Federal Reserve policymakers for clues on the interest rate outlook.
- Spot gold was up 0.5% to $2,663.47 US dollars per ounce, while U.S. gold futures rose 0.6% to $2,666.20 US dollars.
- Futures tied to the Nasdaq 100 slid Thursday morning as investors parsed the all-important earnings release from artificial intelligence darling Nvidia.
- As of the time of the Cambodian market’s closing, Nasdaq 100 futures slipped 0.57%, while S&P 500 futures lost nearly 0.4%.
- Dow Jones Industrial Average futures lost 77 points, or 0.18%.
Watch the 21 November 2024 market update in Khmer below: