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This is a B2B Cambodia Market Update for 21 October 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down 0.41 points or 0.10% to 407.65.
- Total trade volume was down and light, with 50,632 shares changing hands at a total value of 329 million riel, or approximately $81,000 US dollars.
- On the main board, four stocks were up. The Sihanoukville Autonomous Port led the market, up 0.88% or 100 riel to 11,400 riel per share, followed by the Phnom Penh Autonomous Port, which was up 0.60% or 80 riel to 13,380 riel per share. Other stocks up were MJQ Education and ACLEDA Bank.
- Only one stock was down. CAMGSM dropped by 0.41% or 10 riel to 2,440 riel per share. The rest of the main board remained flat, including Phnom Penh Water Supply Authority, Grand Twins International, Royal Group Phnom Penh SEZ, and Pestech Cambodia.
- Over on the growth board, DBD Engineering was up 0.49% or 10 riel to 2,060 riel per share, while JS Land was down 0.58% or 20 riel to 3,430 riel per share.
- ACLEDA Bank recorded the highest trade volume of the day, with 38,002 shares changing hands at a total value of 277.52 million riel, or close to $68,400 US dollars, making up roughly 73% of total shares traded on October 21st.
- 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 3,538 shares changing hands at a total value of 22 million riel, or roughly $5,400 US dollars, accounting for around 7% of Monday’s trade volume.
- In other market-related news, the Phnom Penh Autonomous Port released its unaudited revenue for September, which was 4.2 million US dollars. This brings the company’s total revenue in the third quarter of 2024 to over 13 million dollars, which is a 30% increase compared to the same period in 2023.
- Exchange rate, the KHR to USD was stable at 4,062 riel per USD, while the USD index was slightly down to 103.61.
- Looking at global commodities, oil prices were broadly steady on Monday, following a more than 7% drop last week on worries about demand in China, the world's top oil importer, and an easing of concerns about potential supply disruptions in the Middle East.
- Brent crude futures were up 38 cents, or 0.5%, to $73.44 US dollars a barrel.
- Gold hit a record high on Monday, extending its blazing rally amid uncertainties surrounding the U.S. election, simmering Middle-East tensions and interest rate cuts by major central banks, while silver scaled a near 12-year peak.
- Spot gold was up 0.3% at $2,729.40 US dollars per ounce, after hitting an all-time high of $2,732.73 US dollars earlier. U.S. gold futures were 0.6% higher at $2,744.80 US dollars. Helped by bullion's rally, spot silver rose 1.1% to $34.03 US dollars per ounce, its highest since late 2012.
- As of the time of the Cambodian market’s closing, U.S. stock futures ticked higher after the Dow Jones Industrial Average and S&P 500 notched their best weekly win streaks of 2024.
- Dow Jones Industrial Average futures rose by 37 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures climbed 0.4% and 0.6%, respectively.
Watch the 21 October 2024 market update in Khmer below: