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B2B Asia News
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This is a B2B Cambodia Market Update for 26 November 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down 2.56 points, or 0.63%, to 400.61.
- Total trade volume was up from Monday, with 69,708 shares changing hands at a total value of 401 million riel or approximately $99,600 US dollars.
- On the main board, only one stock was up, while five stocks were down. The one stock up was the Phnom Penh Autonomous Port, up 0.45% or 60 riel to 13,440 riel per share.
- Of the five stocks down, the biggest loser of the day was Grand Twins International, down 1.90% or 100 riel to 5,160 riel per share, followed by the Sihanoukville Autonomous Port, which was down 0.88% or 100 riel to 11,300 riel per share. Other stocks down were ACLEDA Bank, CAMGSM, and Pestech Cambodia.
- Meanwhile three stocks – MJQ Education, Royal Group Phnom Penh SEZ, and the Phnom Penh Water Supply Authority – remained flat.
- Over on the growth board, both stocks were down. DBD Engineering was down 0.49% or 10 riel 2,030 riel per share, and JS Land dropped 2.02% or 70 riel to 3,400 riel per share.
- ACLEDA Bank once again recorded the highest trade volume of the day, with 37,424 shares changing hands at a total value of 259.7 million riel, or around $64,500 US dollars, making up roughly 54% of total shares traded on November 26th.
- Grand Twins International replaced DBD Engineering as the second highest trade volume of the day with 16,914 shares changing hands at a total value of 88.5 million riel or approximately $21,200 US dollars.
- In other market news, The Asian Development Bank (ADB) has approved a $50 million dollar policy-based loan to support Cambodia’s efforts to enhance its business environment, increase the competitiveness of its enterprises, and address trade barriers.
- The Trade and Competitiveness Program addresses three key constraints that currently hinder Cambodia’s broader development: an inefficient business environment, underdeveloped MSMEs, and obstacles to cross-border trade.
- The program is expected to simplify business registration and increase public service efficiency. By 2027, the program aims to ensure that around 50,000 MSMEs are formally registered in Cambodia’s online business registration system, allowing them to obtain business licenses, certificates, and permits digitally.
- Exchange rate, the KHR to USD weakened slightly to 4,024 riel per USD, while the USD index was down to 106.84.
- Looking at global commodities, oil prices settled lower on Tuesday, extending the previous day's losses in choppy trade after Israel agreed to a ceasefire deal with Hezbollah, reducing oil's risk premium.
- Brent crude futures settled down 20 cents, or 0.27%, to $72.81 US dollars a barrel.
- Gold prices were caught in a tug-of-war on Tuesday, dipping to a week's low as safe-haven demand softened as Israel agreed to a ceasefire deal with Lebanon, while concern over Ukraine and U.S. President-elect Donald Trump's tariff plans limited declines.
- Spot gold was steady at $2,626.83 US dollars per ounce, erasing some of the earlier losses when prices hit their lowest since November 18th.
- U.S. gold futures settled 0.1% higher at $2,621.30 US dollars.
- U.S. stock futures were little changed as traders awaited the release of the US Federal Reserve’s favourite inflation gauge.
- Futures tied to the Dow Jones Industrial Average added 24 points, or 0.05%.
- S&P 500 futures flickered near the flatline, while Nasdaq-100 futures fell 0.06%.
Watch the 26 November 2024 market update in Khmer below: