24 February 2025 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 24 February 2025, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was down 1.99 points, or 0.49%, to 411.29. 
• Total trade volume was up with 92,042 shares changing hands at a total value of 457.5 million KHR , or over $114,600 US dollars.
• On the main board, six stocks were up, and none were down. Leading the market was the Sihanoukville Autonomous Port, up 1.37% or 160 riel to 11,800 riel per share, followed by the Phnom Penh Water Supply Authority, which was up 0.96% or 60 KHR to 6,300 KHR  per share, and MJQ Education, which was also up 0.96%, or 20 KHR to 2,110 KHR per share.
• Three stocks, Grand Twins International, Royal Group Phnom Penh SEZ, and CAMGSM, remained flat
• Over on the growth board, DBD Engineering was up 1.46% or 30 KHR to 2,090 KHR per share, while JS Land stayed flat at 3,060 KHR per share.
• Phnom Penh Water Supply Authority recorded the highest trade volume of the day with 29,342 shares changing hands at a total value of 183.5 million KHR or close to $46,000 US dollars, approximately 32% of Monday’s total trade volume.
   
• ACLEDA Bank recorded the second highest trade volume of the day with 20,986 shares changing hands at a total value of 152 million KHR or about $38,000 US dollars, which was around 23% of February 24th’s trade volume.
   
• In other market news, an official ceremony was held at the Cambodia Securities Exchange (CSX) building to commemorate the official listing of ACLEDA Bank Plc’s subordinated bond on the CSX. The first tranche of ACLEDA Bank’s subordinated bond was issued on January 22, 2025, and successfully raised over $85.8 million USD (over KHR 343 billion), one of the largest transactions recorded on the CSX. ACLEDA Bank has obtained approval from the NBC and SERC to issue $100 million dollars in subordinated bonds. Information on the second tranche subscription will be announced to investors at a later date, with the bond issuance process expected to be spread out over four tranches overall.
   
• Exchange rate, the KHR to USD strengthened slightly to 4,011 KHR per USD, while the USD index was slightly down to 106.61.
   
• Looking at global commodities, oil prices extended last week's losses on Monday as investors awaited clarity on talks to end the war in Ukraine and weighed up the prospect of a resumption in crude exports from northern Iraq.
• Brent futures were down 14 cents, or 0.2%, at $74.29 US dollars barrel, while U.S. West Texas Intermediate crude futures lost 21 cents, or 0.3%, to $70.19 US dollars. (0843 GMT)
• Gold prices edged up to trade near its record peak, helped by a weaker U.S. dollar, while investors looked ahead to a key inflation report due later this week to gauge the U.S. Federal Reserve's interest rate trajectory.
• Spot gold rose 0.3% to $2,943.50 US dollars an ounce after scaling an all-time high of $2,954.69 US dollars last week. U.S. gold futures added 0.2% to $2,958.20 US dollars. (0957 GMT)
   
• U.S. stock futures jumped early Monday as the market looked to recover after the S&P 500 had its worst day of the year Friday.
• As of the time of the Cambodian market’s closing, S&P 500 futures rose 0.5%, Dow Jones Industrial Average futures climbed 0.6% and futures on the Nasdaq 100 were 0.4% higher. The S&P 500 and the Dow both fell 1.7% Friday – the worst day of 2025 for both indexes – as soft economic data sent jitters through stocks. The tech-heavy Nasdaq Composite slumped 2.2%.

Watch the 24 February 2025 market update in Khmer below: