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B2B Asia News
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This is a B2B Cambodia Market Update for 3 January 2025, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up 1.35 points, or 0.33% to 410.67.
- Total trade volume was down with 37,082 shares changing hands at a total value of over £189.4 million riel or approximately $46,600 US dollars.
- On the main board, three stocks were up. Leading the market was ACLEDA Bank, up 1.09% or 80 riel to 7,420 riel per share, followed by Phnom Penh Autonomous Port, which was up
0.43% or 60 KHR to 13,860 KHR per share. The Sihanoukville Autonomous Port was also up 40 KHR to 11,780 KHR per share. - On the other hand, only one stock was down. MJQ Education was down 0.48% or 10 KHR to 2,070 KHR per share. The rest of the main board, including the Phnom Penh Water Supply Authority, Grand Twins International, Royal Group Phnom Penh SEZ, Pestech Cambodia and CAMGSM, remained flat.
- Over on the growth board, both DBD Engineering and JS Land stayed flat.
- ACLEDA Bank recorded the highest trade volume of the day, with 15,065 shares changing hands at a total value of 111 million KHR or roughly $27,400 US dollars, roughly 41% of total shares traded on January 3rd.
- MJQ Education recorded the second highest trade volume of the day with 9,707 shares changing hands at a total value of 20 million KHR or close to $5,000 US dollars, approximately 26% of Friday’s trade volume.
- Exchange rate, the KHR to USD weakened slightly to 4,032 KHR per USD, while the USD index was up to 109.10.
- Looking at global commodities, oil prices barely budged on Friday after closing at their highest in more than two months in the prior session, amid hopes that governments around the world may increase policy support to revive economic growth that would lift fuel demand.
- Brent crude futures edged up 1 cent to $75.94 US dollars a barrel after settling at its highest since October 25th on Thursday.
- Gold prices firmed near three-week highs on Friday on a softer U.S. dollar and safe-haven flows, with the metal set for a weekly gain as attention turned to upcoming U.S. economic data and President-elect Donald Trump's proposed policy changes.
- Spot gold was flat at $2,655.38 US dollars per ounce, hitting its highest level since December 13th earlier in the session.
- Bullion is up about 1.3% for the week so far.
- U.S. stock futures rose on Friday, putting the market on course to pare back its losses from a disappointing start to 2025.
- As of the time of the Cambodian market’s closing, contracts tied to the S&P 500 were up 0.2%. The benchmark index has fallen for five straight days, its longest losing streak since April.
- Futures tracking the tech-heavy Nasdaq 100 added 0.3%, while Dow Jones Industrial Average futures climbed 74 points, or 0.2%.
- These moves came after all three indexes see-sawed over a jittery first trading session of the year. Investors are trimming their bets on U.S. Federal Reserve interest-rate cuts after a hawkish press conference by Chair Jerome Powell last month, and soaring natural gas prices in Europe have made the market more worried about stubborn inflation.
Watch the 3 January 2025 market update in Khmer below: