28 October 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 28 October 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was down by 0.18 points​ or 0.04% to 404.24. 
• Total trade volume was up with 92,040 shares changing hands at a total value of 611.9 million riel, or approximately $150,460 US dollars.
• On the main board, two stocks were up. Leading the market was MJQ Education, up 0.99% or 20 riel to 2,040 riel per share, followed by CAMGSM, which was up 0.41% or 10 riel to 2,430 riel per share.
• On the other hand, five stocks were down. ACLEDA Bank was the biggest loser of the day, down by 0.82% or 60 riel to 7,220 riel per share, followed by the Phnom Penh Autonomous Port, which was down 0.60% or 80 riel to 13,200 riel per share.
• Other stocks down included Pestech Cambodia, Sihanoukville Autonomous Port and Grand Twins International. Meanwhile, Royal Group Phnom Penh SEZ and the Phnom Penh Water Supply Authority remained flat.
• Over on the growth board, DB Engineering was down 0.49% or 10 riel to 2,040 riel per share, followed by JS Land, which stayed flat at 3,450 riel per share.
   
• ACLEDA Bank recorded the highest trade volume of the day, with 74,774  shares changing hands at a total value of 541.7 million riel or around $133,400 US dollars, making up roughly 76.5% of total shares traded on October 28th.
• Grand Twins International recorded the second highest trade volume of the day by far with only 5,782 shares changing hands at a total value of 24.5 million riel, or roughly $6,000 US dollars, accounting for around 5.91% of Monday’s trade volume.
   
• In other market news, CAMGSM announced its dividend distribution, with a total dividend amount of over 368 million riel or 90,000 US dollars, and an annual guaranteed dividend of 7% paid quarterly in four equal portions to Class A shares. The first payment date is set for November 13, 2024.
   
• Exchange rate, the KHR to USD was stable at 4,061 riel per USD, while the USD index was up to 104.22.
   
• Looking at global commodities, oil prices fell by as much as 5.34% after Israel targeted missile factories and other sites near Tehran, Iran, rather than on refineries or nuclear targets.
• U.S. crude prices skidded below $68 US dollars per barrel for the first time in almost a month - and continued to track year-on-year losses of almost 20%.
• Gold prices eased on Monday, weighed down by a firmer dollar and higher Treasury yields while traders await a slew of U.S. economic data for guidance on the U.S. Federal Reserve's interest rate stance.
• Spot gold lost 0.6% to $2,731.79 US dollars an ounce. Bullion hit a record high of $2,758.37 US dollars last Wednesday, lifted by safe-haven demand in the face of market risks from continuing conflict in the Middle East and Ukraine.
• U.S. gold futures declined 0.4% to $2,744.20 US dollars.
   
• Global stocks rose on Monday, ahead of a week stacked with earnings from Wall Street's "Magnificent 7", while the yen sank after an election in Japan thrust the country into political turmoil, and oil slid as tensions in the Middle East ebbed.
• The dollar, which is heading towards a 3.6% monthly rise against a basket of major currencies in October, hit a three-month peak against the yen at 153.885, after Japan's ruling Liberal Democratic Party (LDP) lost its parliamentary majority.
• U.S. stock index futures, pointed to an upbeat start on Wall Street later, up 0.5-0.7%, while Europe's STOXX 600 rose 0.4%, as airline stocks drew strength from lower fuel prices.

Watch the 28 October 2024 market update in Khmer below: