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B2B Asia News
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This is a B2B Cambodia Market Update for 24 January 2025, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down 0.29 points, or 0.07% to 410.39.
- Total trade volume was down with 23,496 shares changing hands at a total value of over 127 million KHR or approximately $31,600 US dollars.
- On the main board, two stocks were up. Leading the market was Pestech Cambodia, up 0.42% or 10 KHR to 2,390 KHR per share, followed by Phnom Penh Water Supply Authority, which was up 0.32% or 20 KHR to 6,320 KHR per share.
- On the downside, the biggest loser of the day was Phnom Penh Autonomous Port, dropping 0.57% or 80 KHR to 13,920 KHR per share, followed by ACLEDA Bank, which was down 0.27% or 20 KHR to 7,300 KHR per share.
- The remaining five stocks on the main board stayed flat.
- Over on the growth board, JS Land was down 0.32% or 10 KHR to 3,090 KHR per share, while DBD Engineering stayed flat at 2,060 KHR per share.
- ACLEDA Bank recorded the highest trade volume of the day with 10,735 shares changing hands at a total value of 78.3 million KHR , or over $19,000 US dollars, roughly 46% of Friday’s trade volume.
- CAMGSM recorded the second highest trade volume of the day with 6,718 shares changing hands at a total value of 16 million KHR or over $4,000 US dollars, which is approximately 28% of January 24th’s trade volume.
- Exchange rate, the KHR to USD strengthened to 4,024 KHR per USD, while the USD index was down to 107.5.
- Looking at global commodities, oil prices were little changed on Friday but headed for a weekly decline after U.S. President Donald Trump issued a sweeping plan to boost U.S. production and demanded OPEC lower crude prices.
- Brent crude futures were up 6 cents at $78.35 US dollars a barrel. For the week, Brent is down 3.07% so far.
- Gold prices touched near three-month highs and were set to post a fourth straight weekly gain, as U.S. President Donald Trump's calls to lower interest rates and lack of clarity on tariffs weighed on the dollar.
- Spot gold jumped 0.6% to $2,770.39 US dollars per ounce, and has gained more than 2% so far this week. Earlier in the day, prices rose to $2,777.10 US dollars, their highest since October 31st, when they hit a record high of $2,790.15 US dollars.
- Stock futures edged lower in overnight trading Thursday after the S&P 500 hit a record closing high following U.S. President Donald Trump’s call to lower interest rates and crude prices.
- Futures on the Dow Jones Industrial Average and S&P 500 were marginally lower, while the Nasdaq 100 futures inched down around 0.15%. Earlier, the S&P 500 notched its first record close since December 6th.
Watch the 24 January 2025 market update in Khmer below: