28 January 2025 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 28 January 2025, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was up 0.36 points, or 0.09% to 410.23. 
• Total trade volume was down with 23,578 shares changing hands at a total value of over 118.2 million KHR or approximately over $29,200 US dollars.
• On the main board, two stocks were up. ACLEDA Bank led the market, up 0.28% or 20 KHR to 7,280 KHR per share, followed by the Sihanoukville Autonomous Port, which was up 0.17% or 20 KHR to 11,780 KHR per share.
• Only one stock was down. Royal Group Phnom Penh SEZ dropped 0.46% or 10 KHR to 2,150 KHR per share. Meanwhile, the rest of the main board remained flat.
• Over on the growth board, JS Land was down 0.98% or 30 KHR to 3,030 KHR per share, while DBD Engineering stayed flat at 2,060 KHR per share.
   
• ACLEDA Bank once again recorded the highest trade volume of the day, but with a much lower trading volume than usual. Only 7,275 shares changed hands at a total value of 52.8 million KHR, or over $13,000 US dollars, roughly 31% of Tuesday’s trade volume.
• The Phnom Penh Water Supply Authority recorded the second highest trade volume of the day with 5,119 shares changing hands at a total value of 32.3 million KHR or close to $8,000 US dollars, approximately 22% of January 28th’s trade volume.
   
• In other market news, the Cambodian government recently announced that it is extending special incentives for business activities in Sihanoukville, as stipulated under the ‘Special Program to Promote Investment in Preah Sihanouk Province 2024’ framework, to the end of 2025. Under this framework, special incentives are afforded to businesses and investors interested in reviving stalled building projects, pursuing unrelated investments and expanding existing projects within the coastal province. Special incentives include streamlined procedures, exclusive benefits, and other additional preferences.
   
• Exchange rate, the KHR to USD remained stable at 4,021 KHR per USD, while the USD index was slightly up to 107.96. The dollar has risen after U.S. President Donald Trump's tariff threats.
   
• Looking at global commodities, oil prices ticked up but hovered near a two-week low on Tuesday after weak economic data from China and warming weather forecasts elsewhere soured the demand outlook.
• Brent crude futures rose by 60 cents, or 0.78%, to $77.68 US dollars per barrel. Brent settled on Monday at its lowest since January 9th.
• China, the world's largest importer of crude oil, reported on Monday an unexpected contraction in manufacturing activity in January, adding to concerns over global crude demand growth.
• Gold prices steadied on Tuesday, although China's holiday thinned liquidity as bullion sought to recover from its worst intra-day performance in more than a month amid a global sell-off sparked by China's DeepSeek AI model.
• Spot gold was steady at $2,739.28 US dollars per ounce. U.S. gold futures rose 0.2% to $2,742.50 US dollars.
   
• S&P 500 futures were little changed early Tuesday. The action followed a sell-off fueled by worries over the emergence of Chinese startup DeepSeek new artificial intelligence model raising doubts over America's dominance in the industry.
• S&P 500 futures hovered slightly below the flatline, while Nasdaq 100 futures added 0.13%. Futures tied to the Dow Jones Industrial Average slipped 107 points, or 0.24%.
• Bitcoin recovered, rising back above the key $100,000 dollar level after the U.S. tech selloff hit cryptocurrencies Monday.

Watch the 28 January 2025 market update in Khmer below: