26 August, 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 26 August, 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was down 2.58 points or 0.63% to 410.20
• Total trade volume was up. 83,561 shares changed hands at a total value of 405.8 million riel or $99,500 US Dollars.
• On the mainboard, two stocks were up. Leading the market was Royal Group Phnom Penh SEZ, up 0.45% or 10 riel to 2,250 riel per share, followed by Grand Twins International, which was up 0.28% or 10 riel to 3,610 riel per share.
• On the downside, Phnom Penh Autonomous Port was down 2.20% or 300 riel to 13,360 riel per share, followed by CAMGSM, which was down 1.23% or 30 riel to 2,400 riel per share. The Phnom Penh Water Supply Authority and Sihanoukville Autonomous Port were also down 0.58% and 0.17% respectively.
• Meanwhile, Pestech Cambodia, ACLEDA Bank and MJQ Education remained flat.
• Over on the growth board, both stocks were up. DBD Engineering was up  0.97% or 20 riel to 2,090 riel per share, while JS Land was up 0.58% or 20 riel to 3,470 riel per share
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• ACLEDA Bank recorded the highest trade volume of the day with 34,732 shares at a total value of 260 million riel or $63,700 US dollar, making up approximately 41% of August 26th’s trade volume. Royal Group Phnom Penh SEZ recorded the second highest trade volume of the day with 29,328 shares changing hands at a total value of 65.5 million riel or  $16,065 US Dollars, accounting for 35% of Monday’s trade volume.
   
• In other market news, Telcotech Ltd. announced to its investors that the coupon and principal repayment of the company’’s Corporate Bonds has been transferred to all investors’ accounts, with ACLEDA Bank acting as the Paying Agent. It should be noted that Telcotech, under the Royal Group of Companies, listed a $20 million dollar bond in early 2024 with 800,000 units and a five-year fixed rate.
• Royal Group Phnom Penh SEZ also announced the Share Buyback of 19,678 shares through Auction Trading, which is 0.031% in paid-up capital.
   
• Exchange rate, the Khmer riel to USD strengthened to 4,081 riel per US dollar, while the US dollar index was down to 100.81.
   
• Looking at global commodities, crude oil prices surged to a one-week high amid escalating tensions in the Middle East and a weakening US dollar on Monday. Both benchmark oil prices reached a one-week high, with Brent futures rising by 0.66% to $79.54 US dollars per barrel and West Texas Intermediate Crude futures climbing by 0.68% to $75.34 US dollars per barrel.
• Gold held near record highs on Monday, buoyed by a softer dollar and dovish remarks from the U.S. Federal Reserve Chair, bolstering expectations of a September interest rate cut.
• Spot gold was up 0.6% to $2,524.30 US dollars per ounce, about $7 dollars lower than the record high of $2,531.60 US dollars hit last week. U.S. gold futures also gained 0.6% to $2,560.40 US dollars.
   
• As of the time of the Cambodian market’s closing, stock futures were little changed as investors look to push equities back to record-high levels now that the U.S. Federal Reserve has indicated that rate cuts are forthcoming.
• Wall Street has been anxiously awaiting a rate cut, especially in light of some worrying economic data that sparked a sell-off at the beginning of August and worried investors that elevated borrowing costs could damage the U.S. economy.
• Futures tied to the S&P 500 climbed 0.2% along with Nasdaq-100 futures, Dow Jones Industrial Average futures rose just 15 points.

Watch the 26 August, 2024 market update in Khmer below: