24 October 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 24 October 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was down 0.93 points​ or 0.23% to 405.71. 
• Total trade volume was down and light with 49,154 shares changing hands at a total value of 298 million riel, or approximately $73,460 US dollars.
• On the main board, three stocks were up. Leading the market once again was Grand Twins International, up by 1.90% or 80 riel to 4,300 riel per share, followed by the Phnom Penh Water Supply Authority, which was up 0.65% or 40 riel to 6,220 riel per share. Royal Group Phnom Phnom Penh SEZ was also up 0.45% or 10 riel to 2,210 riel per share.
• On the downside, Sihanoukville Autonomous Port was the biggest loser of the day, decreasing 0.88% or 100 riel to 11,300 per share, followed by MJQ Education, which was down 0.49% or 10 riel to 2,040 riel per share. The other two stocks down were CAMGSM and Pestech Cambodia.
• Meanwhile, ACLEDA Bank and the Phnom Penh Autonomous Port remained flat.
• Over on the growth board, JS Land and DBD Engineering both stayed flat at 3,440 riel and 2,060 riel per share respectively.
   
• ACLEDA Bank once again recorded the highest trade volume of the day, with 34,259 shares changing hands at a total value of 249.6 million riel or around $61,490 US dollars, making up roughly 59% of total shares traded on October 24th.
• The Phnom Penh Water Supply Authority recorded the second highest trade volume of the day with 8,838 shares changing hands at a total value of 55.6 million riel, or roughly $13,700 US dollars, accounting for around 15% of Thursday’s trade volume.
   
• Exchange rate, the KHR to USD remained stable at 4,062 riel per USD, while the USD index was down to 104.18.
   
• Looking at global commodities, oil prices rose more than 1% on Thursday, reversing some of the previous session's losses, as the Middle East conflict and reports of North Korean troops ready to help Russia in Ukraine kept traders on edge ahead of the U.S. presidential election.
• Brent crude futures were up 1.7% to $76.22 US dollars a barrel.
• Oil prices have gained about 4% this week after shedding more than 7% last week on concerns of oversupply and weak demand and a perceived calming of Middle East tensions.
• Gold prices drifted higher, propped up by safe-haven demand, while palladium hit a more than one-month peak after a media report sparked fears of sanctions on Russian supplies.
• Spot gold rose 0.7% to $2,735.26 US dollars per ounce, slightly below the record high of $2,758.37 US dollars hit on Wednesday. U.S. gold futures gained 0.7% to $2,747.90 US dollars.
   
• The U.S. dollar hovered near three-month highs, limiting gold's potential for a further rally. A stronger dollar makes gold more expensive for other currency holders.
• As of the time of the Cambodian market’s closing, futures linked to the S&P 500 rose Thursday morning after the index notched a three-day run of losses.
• S&P 500 futures added 0.25%, while Nasdaq 100 futures gained 0.56%. Dow futures slid 42 points, or roughly 0.1%.

Watch the 24 October 2024 market update in Khmer below: