25 June 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 25 June 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was up today by 3.56  points or 0.87 per cent to 410.62
• Total trade volume was light, at 116,465 shares changing hands at a total trade value of 675.4 million Khmer riel, or roughly $163,900 US dollars.
• On the main board, five stocks were up today. Leading the market was Grand Twins International, up 9.66 per cent or 230 riel to 2,610 riel per share. ACLEDA Bank followed in second, up 2.17 per cent or 160 riel to 7,540 riel per share. Both the Royal Group Phnom Penh SEZ and Pestech Cambodia were up 0.93 per cent each, while CAMGSM was up 0.41 per cent.
• Two stocks were down, with the Sihanoukville Autonomous Port as the biggest loser of the day, down 0.49 per cent or 60 riel to 12,220 riel per share, while the Phnom Penh Autonomous Port was down 0.16 per cent or 20 riel to 12,880 per share. The remaining two stocks on the main board, MJQ Education and the Phnom Penh Water Supply Authority, stayed flat. 
• On the growth board, JS Land was up 1.49 per cent or 50 riel to 3,410 riel per share while DBD Engineering was down 0.48 per cent or 10 riel to 2,070 riel per share.
• Once again, ACLEDA Bank recorded the highest trade volume of the day, with 62,454 shares changing hands at a value of 471.5 million Khmer riel or roughly $114,580 US dollars, accounting for around 49 per cent of all shares traded on June 25th. Grand Twins International recorded the second highest trade volume of the day with 15,843 shares changing hands at a trade value of around $9,700 US dollars, while CAMGSM followed in close third, seeing 15,721 shares change hands at a value of $9,186 US dollars, both companies each accounting for around 12 per cent of the total trade volume on June 25th.
   
• The Khmer riel to USD strengthened slightly to 4,121 riel per US dollar, while the US dollar index was slightly down further to 105.51.
• Oil prices were little changed on Tuesday after rising in the previous session helped by expectations of increased fuel demand this summer, but investors were cautious ahead of U.S. consumer price data.
• Brent futures for August settlement eased 5 cents to $85.96 US dollars a barrel after gaining 0.9 per cent on Monday, while U.S. crude futures were down 3 cents at $81.60 US dollars a barrel after climbing 1.1% a day earlier.Both benchmarks rose about 3 per cent last week, marking two straight weeks of gains.
• Gold prices eased as investors looked towards key U.S. inflation data due later this week that could throw some light on the Federal Reserve's stance on interest rate cuts.
• Spot gold was down 0.4 per cent at $2,324.69 US dollars per ounce, while U.S. gold futures fell 0.3 per cent to $2,336.80 US dollars.
• Stock futures rose on Tuesday morning after a sell-off in favoured technology names brought the Nasdaq Composite to its worst day since April.
• Futures tied to the Dow Jones Industrial Average added 72 points, or 0.18 per cent. S&P 500 futures and Nasdaq-100 futures rose 0.13 per cent and 0.26 per cent respectively.

Watch the 25 June 2024 market update in Khmer below: