27 September 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 27 September 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• This is Darshana Gauchan with your B2B Cambodia Market Update for September 27th, 2024.
• The Cambodia Securities Exchange Index was down 0.35 points or 0.09% to 410.99.
• Total trade volume was down compared to Thursday with 34,490 shares changing hands at a total value of 169 million riel or over $41,700 US dollars.
• Not a single stock was up on the main board, while two stocks were down, and seven remained flat.
• The biggest loser of the day was Sihanoukville Autonomous Port, down 0.84% or 100 riel to 11,740 riel per share, followed by Pestech Cambodia, which was down 0.41% or 10 riel to 2,450 riel per share.
• Over on the growth board, DBD Engineering stayed flat at 2,070 riel per share, while JS Land was down 0.58% or 20 riel to 3,450 riel per share.
   
• CAMGSM, recorded the highest trade volume of the day with 13,164 shares changing hands at a total value of 32 million riel or nearly $7,930 US dollars, making up roughly 37% of total shares traded on September 27th.
• Phnom Penh Water Supply Authority recorded the second highest trade volume of the day with  8,874 shares changing hands at a total value of 57 million riel or roughly $14,000 US dollars, accounting for 25% of Friday's trade volume.
   
• Exchange rate, the KHR to USD strengthened to 4,061 riel per USD while the USD Index was down slightly to 100.65.
   
• Looking at global commodities, oil prices recouped losses on Friday to edge higher, but stayed on track for a weekly fall as investors weighed expectations for increased output from Libya and the broader OPEC+ group against fresh stimulus from top importer China.
• Brent crude futures were up 15 cents, or 0.21%, at $71.75 US dollars per barrel. On a weekly basis, Brent crude has shed about 3.7%.
• Gold retreated from record highs, but was positioned for weekly gains on growing anticipation of another bumper U.S. interest rate cut this year, as markets awaited a key inflation report for additional guidance.
• Spot gold held its ground at $2,673.21 US dollars per ounce, holding below the previous session’s record peak of $2,685.42 US dollars. U.S. gold futures were steady at $2,695.80 US dollars.
   
• U.S. stock index futures slipped on Friday, as investors exercised caution ahead of a crucial inflation report which could sway expectations on the size of upcoming interest rate cuts by the U.S. Federal Reserve.
• As of the time of the Cambodian market’s closing, Futures were off. The Dow was down 0.04%, the S&P 500 was down 0.06%, and Nasdaq was down 0.18%

Watch the 27 September 2024 market update in Khmer below: