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B2B Asia News
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This is a B2B Cambodia Market Update for 29 November 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down 1.15 points, or 0.29%, to 401.43.
- Total trade volume was up, with 74,442 shares changing hands at a total value of 373.7 million riel or approximately $92,700 US dollars.
- On the main board, three stocks were up, while four stocks were down. The biggest winner of today was Royal Group Phnom Penh SEZ, which was up 1.75% or 40 riel to 2,320 riel per share, followed by Pestech Cambodia, which was up 0.42% or 10 riel to 2,410 riel per share. The Phnom Penh Autonomous Port was also up 20 riel to 13,540 riel per share.
- On the downside, Grand Twins International was the biggest loser of the day, down 2.29% or 120 riel to 5,120 riel per share, followed by the Phnom Penh Water Supply Authority, which was down 1.59% or 100 riel to 6,200 riel per share. The other two stocks down were the Sihanoukville Autonomous Port and CAMGSM.
- Meanwhile, ACLEDA Bank and MJQ Education remained flat.
- Over on the growth board, DBD Engineering was down 0.49% or 10 riel to 2,020 riel per share, while JS Land was up 1.45% or 50 riel to 3,500 riel per share.
- Grand Twins International recorded the highest trade volume of the day, with 33,334 shares changing hands at a total value of 171.8 million riel, or around $42,600 US dollars, making up roughly 38% of total shares traded on November 29th.
- ACLEDA Bank recorded the second highest trade volume of the day with 20,531 shares changing hands at a total value of 142 million riel or approximately $35,000 US dollars, making up around 23.5% of Friday’s trade volume.
- In other market news, Royal Group Funds, under the Royal Group of Companies, launched two new Collective Investment Scheme funds on November 29th, seeking to broaden the existing range of investment products currently available in the market and to help develop Cambodia’s capital markets overall. The two private collective investment scheme funds launched were a Fixed Income Fund and a Distressed Assets Fund, which are both open-ended and designed to give professional investors the opportunity to benefit from Cambodia’s robust economic development, as well as to facilitate it. In time, the company hopes to develop similar funds open to the wider investing public, so that everyone has a chance to potentially benefit from Cambodia’s successes.
- Exchange rate, the KHR to USD strengthened to 4,028 riel per USD, while the USD index was down to 105.90.
- Looking at global commodities, oil prices fell on Friday, heading for a weekly drop of more than 3%, as concerns over supply risks from the Israel-Hezbollah conflict eased, alleviating earlier disruption fears.
- Brent crude futures fell 55 cents, or 0.8%, to $72.73 US dollars a barrel. On a weekly basis, Brent futures were down 3.3%.
- Gold prices rose, supported by a dip in the dollar and rising geopolitical tensions, but remained set for their biggest monthly decline in more than a year following Donald Trump's U.S. election victory.
- Spot gold was up 0.8% at $2,661.14 US dollars per ounce, while U.S. gold futures also gained 0.8% to $2,660.80 US dollars.
- U.S. stock futures looked set to gain on Friday ahead of a shortened half day of trading on Black Friday.
- As of the time of the Cambodian market’s closing, Futures for the Dow Jones Industrial Average added 132 points, or 0.3%.
- Contracts tied to the S&P 500 also rose 0.3%, and Nasdaq futures were up 0.4%.
Watch the 29 November 2024 market update in Khmer below: