25 October 2024 - Market Update - B2B Cambodia

on Oct, 25 2024

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

Watch the video in English above.

The Cambodia Securities Exchange Index was down again by 1.29 points or 0.32% to 404.42.
Total trade volume was down and light with 43,385 shares changing hands at a total value of 176 million riel, or approximately $43,400 US dollars.
On the main board, two stocks were up. Leading the market was Royal Group Phnom Penh SEZ, up 0.90% or 20 riel to 2,230 riel per share, followed by Pestech Cambodia, which was up 0.41% or 10 riel to 2,430 riel per share.
On the downside, MJQ Education was the biggest loser of the day, down 0.98% or 20 riel to 2,020 riel per share, followed by CAMGSM, which was down 0.41% or 10 riel to 2,420 riel per share. Other stocks down included ACLEDA Bank, Phnom Penh Autonomous Port, and Phnom Penh Water Supply Authority.
Meanwhile, the Sihanoukville Autonomous Port and Grand Twins International remained flat.
Over on the growth board, JS Land was up 0.29% or 10 riel to 3,450 riel per share, while DBD Engineering dropped 0.49% or 10 riel to 2,050 riel per share.
MJQ Education recorded the highest trade volume of the day, with 20,960 shares changing hands at a total value of 42.7 million riel or around $10,500 US dollars, making up roughly 47% of total shares traded on October 25th.
ACLEDA Bank recorded the second highest trade volume of the day with 11,802 shares changing hands at a total value of 86 million riel, or roughly $21,200 US dollars, accounting for around 27% of Friday’s trade volume.
In other market news, MJQ Education was awarded the “Best Corporate Disclosure Award 2024” by the Cambodia Securities Exchange on October 25 at the Cambodia Stock Market Exhibition. MJQ Education states that this prestigious award reflects its commitment to transparency, trust, and excellence as the company continues to be a leader in Cambodia's education sector.
Exchange rate, the KHR to USD strengthened to 4,061 riel per USD, while the USD index was down to 104.03.
Looking at global commodities, oil prices nudged higher on Friday and are on track for a weekly gain of more than 1%, as tensions in the world's top oil-producing region, the Middle East, and a restart in Gaza ceasefire talks in the coming days, kept traders on edge.
Brent crude futures climbed 31 cents, or 0.4%, to $74.69 US dollars a barrel.
Gold prices eased but were on track for a third straight weekly gain, as investors sought the safe-haven metal in the backdrop of rising geopolitical tensions.
Spot gold eased 0.2% to $2,729.35 US dollars per ounce due to profit-taking. Prices hit a record high of $2,758.37 US dollars on Wednesday and are up 0.3% so far in the week.
U.S. gold futures fell 0.3% to $2,741.90 US dollars.
Asia-Pacific stocks mostly rose Friday. However, Japan’s Nikkei 225 slipped around 0.8% as Tokyo’s inflation in October dropped to a six-month low of 1.8% year on year.
As of the time of the Cambodian market’s closing, S&P 500 futures were muted Friday morning after the broad index ended a three-day negative streak. Futures tied to the broad index added less than 0.1%, as did Nasdaq 100 futures. Dow Jones Industrial Average futures rose just 4 points.

Watch the 25 October 2024 market update in Khmer below: