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B2B Asia News
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This is a B2B Cambodia Market Update for 28 February 2025, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down 1.23 points, or 0.3%, to 413.41.
- Total trade volume was down with 44,815 shares changing hands at a total value of 301.6 million riel, or over $74,500 US dollars.
- On the main board, only one stock was up. Grand Twins International rose 0.33% or 20 riel to 6,040 riel per share.
- On the other hand, four stocks were down, with the biggest loser of the day being Pestech Cambodia, down 2.8% or 70 riel to 2,430 riel per share, followed by ACLEDA Bank, which was down 0.81% or 60 riel to 7,340 riel per share. The other two stocks down were Royal Group Phnom Penh SEZ and Phnom Penh Water Supply Authority.
- Over on the growth board, both stocks stayed flat.
- ACLEDA Bank once again recorded the highest trade volume of the day with 29,931 shares changing hands at a total value of 220.5 million riel or over $54,500 US dollars, about 67% of Friday’s trade volume.
- Phnom Penh Water Supply Authority once again also recorded the second highest trade volume of the day with 4,792 shares changing hands at a total value of 30.1 million riel or $7,450 US dollars, approximately 11% of February 28th’s trade volume.
- In other market news, DBD Engineering released a disclosure notice announcing the company’s decision to increase short-term borrowings. The notice details a $600,000 dollars loan taken for 1 month from a creditor named Mrs. Cheng Sophea, at an interest rate of 1% per month. DBD Engineering say this loan will be used for the company’s operating expenses.
- Exchange rate, the KHR to USD remained stable at 4,011 riel per USD, while the USD index was slightly up to 107.37.
- Looking at global commodities, oil prices eased on Friday as they headed for their first monthly drop since November, dragged lower by uncertainty over global economic growth and fuel demand given Washington's tariff threats and signs of a U.S. economic slowdown.
- The more active May Brent crude futures slipped 59 cents, or 0.8%, to $72.98 US dollars a barrel. U.S. West Texas Intermediate crude futures were at $69.70 US dollars a barrel, down 65 cents, or 0.9%. Front-month Brent, which expires on Friday, traded at $73.42 US dollars, down 62 cents, or 0.8%. (0747 GMT)
- Gold fell, putting it on course for its first weekly loss in nine as the U.S. dollar strengthened and the market awaited an inflation print later in the day that could provide clarity on the U.S. Federal Reserve's policy path.
- Spot gold fell 0.5% to $2,862.19 US dollars an ounce.
- Bullion lost 2.5% for the week, its steepest weekly fall since November.
- U.S. gold futures lost 0.8% to $2,873.90 US dollars. (0935 GMT)
- As of the time of the Cambodian market’s closing, U.S. stock futures were pointing higher, with the S&P 500 and Nasdaq futures up 0.3%, and the Dow Jones Industrial Average futures rising 0.2%.
- However, Thursday’s selloff did real damage to the rally, wiping out the S&P 500’s gains in 2025 and sending the Nasdaq Composite close to correction territory.
- The recent slump in tech accelerated as Nvidia, which was down 8.5% after earnings, failed to reinvigorate artificial-intelligence stocks.
Watch the 28 February 2025 market update in Khmer below: