22 November 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 22 November 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was up 1.27 points, or 0.32%, to 403.81. 
• Total trade volume was down, with 29,591 shares changing hands at a total value of 168.4 million riel or approximately $41,500 US dollars.
• On the main board, six stocks were up. Leading the market was Pestech Cambodia, up 1.69% or 40 riel to 2,410 riel per share, followed by the Phnom Penh Autonomous Port, which was up 0.74% or 100 riel to 13,600 riel per share.
• Only one stock, Grand Twins International, was down on the main board, dropping 0.75% or 40 riel to 5,280 riel per share.
• Meanwhile two stocks, the Phnom Penh Water Supply Authority and MJQ Education, remained flat.
• Over on the growth board, both DBD Engineering and JS Land remained flat at 2,020 riel per share and 3,470 riel per share respectively.
   
• ACLEDA Bank once again recorded the highest trade volume of the day, with 14,805 shares changing hands at a total value of 103 million riel, or around $25,400 USD, making up roughly 32% of total shares traded on November 22nd.
• DBD Engineering recorded the second highest trade volume of the day, with 14,496 shares changing hands at a total value of 28.8 million riel, or over $7,100 USD, accounting for around 31.5% of Friday’s trade volume.
   
• Exchange rate, the KHR to USD stayed flat at 4,026 riel per USD, while the USD index was slightly up to 107.35.
   
• Looking at global commodities, Brent crude futures gained 0.5% on Friday to $74.60 US dollars a barrel, up 5% this week, after Russia responded to the U.S. and UK allowing Kyiv to strike its territory with Western weapons by firing a hypersonic intermediate-range missile into Ukraine.
• Gold prices rose over 1% to hit a two-week peak, heading for the best weekly performance in more than a year, buoyed by safe-haven demand as Russia-Ukraine tensions intensified.
• Spot gold jumped 1.4% to $2,707.05 US dollars per ounce, hitting its highest since November 8th. 
• U.S. gold futures gained 1.3% to $2,709.70 US dollars.
   
• Stock futures fell Friday, but the major U.S. averages remained on pace to post weekly gains.
• As of the time of the Cambodian market’s closing, Futures tied to the Dow Jones Industrial Average were down 78 points, or 0.2%. 
• S&P 500 futures shed 0.3%, and Nasdaq-100 futures lost 0.4%.

Watch the 22 November 2024 market update in Khmer below: