23 October 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 23 October 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was up 1.44 points​ or 0.36% to 406.64. 
• Total trade volume was up, with 76,098 shares changing hands at a total value of 499 million riel, or approximately $122,500 US dollars.
• On the main board, three stocks were up. Leading the market today, Grand Twins International rose by 0.96% or 40 riel to 4,220 riel per share, followed by CAMGSM, which was up 0.83% or 20 riel to 2,440 riel per share. MJQ Education was also up 0.49% or 10 riel to 2,050 riel per share.
• On the downside, Royal Group Phnom Penh SEZ was the biggest loser of the day, decreasing 0.90% or 20 riel to 2,200 per share, followed by Pestech Cambodia, which was down 0.41% or 10 riel to 2,430 riel per share. The other two stocks were down the Sihanoukville Autonomous Port and Phnom Penh Water Supply Authority.  
• Meanwhile, ACLEDA Bank and the Phnom Penh Autonomous Port remained flat.
• Over on the growth board, JS Land was up 0.29% or 10 riel to 3,440 riel per share, while DBD Engineering stayed flat at 2,060 riel per share.
   
• ACLEDA Bank once again recorded the highest trade volume of the day, with 42,511 shares changing hands at a total value of 310 million riel or $76,500 US dollars, making up roughly 52% of total shares traded on October 23rd.
• The Phnom Penh Water Supply Authority recorded the second highest trade volume of the day, with 16,624 shares changing hands at a total value of 102 million riel, or roughly $25,200 US dollars, accounting for around 21% of Wednesday’s trade volume.
   
• Exchange rate, the KHR to USD remained stable at 4,062 riel per USD, while the USD index was up to 104.28
   
• Looking at global commodities, oil prices fell on Wednesday after industry data showed U.S. crude inventories swelled more than expected, though declines were capped as the market watched diplomatic efforts in the Middle East after Israel continued attacks on Gaza and Lebanon.
• Brent crude futures eased 50 cents, or 0.7%, to $75.54 US dollars a barrel.
• Gold prices surged to a record high as conflicts in the Middle East and uncertainty surrounding the upcoming U.S. election spurred demand for safe-haven assets.
• Spot gold was trading at $2,754.25 US dollars per ounce, after hitting an all-time high of $2,755.30 US dollars earlier in the session. U.S. gold futures were up 0.3% at $2,768.40 US dollars.
   
• The U.S. 10-year Treasury yield rose again on Wednesday as traders digested the latest comments from the U.S. Federal Reserve officials on the trajectory of interest rate cuts.
• Higher Treasury yields are putting pressure on equities, with U.S. stock futures falling overnight, the declines coming after the S&P 500 posted its first two executive trading days loss since early September.
• As of the time of the Cambodian market’s closing, futures linked to the S&P 500 lost 0.06%. Dow futures slid 129 points, or 0.3%, while Nasdaq 100 futures dropped 0.14%.

Watch the 23 October 2024 market update in Khmer below: