4 December 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 4 December 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was down 1.12 points, or 0.28%, to 400.93. 
• Total trade volume was up, with 165,936 shares changing hands at a total value of 999.8 million riel or approximately $247,500 US dollars.
• On the main board, no stocks were up while 6 stocks down and 3 remained flat. The biggest loser of the day was Grand Twins International, down 1.92% or 100 riel to 5,100 riel per share, followed by Royal Group Phnom Penh SEZ, dropping 1.72% or 40 riel to 2,280 riel per share.
• Other stocks down were Sihanoukville Autonomous Port, ACLEDA Bank, MJQ Education and the Phnom Penh Autonomous Port.
• Meanwhile, the three stocks flat were the Phnom Penh Water Supply Authority, Pestech Cambodia and CAMGSM.
• Over on the growth board, DBD Engineering stayed flat at 2,020 riel per share, while JS Land decreased 1.45% or 50 riel to 3,400 riel per share.
   
• ACLEDA Bank recorded the highest trade volume of the day, with 130,656 shares changing hands at a total value of 900.5 million riel or $223,000 US dollars, making up roughly 75% of total shares traded on December 4th.
• Royal Group Phnom Penh SEZ once again recorded the second highest trade volume of the day with 16,633 shares changing hands at a total value of 37.7 million riel or $9,350 US dollars, making up around 9.5% of Wednesday’s trade volume.
   
• In other market news, it’s been announced that the first test flight from Dara Sakor International Airport in Koh Kong province to Phnom Penh is scheduled for December 26, 2024, following approval from the State Secretariat of Civil Aviation (SSCA). The $350 million Dara Sakor International Airport is located in the Botum Sakor district of Koh Kong province and is funded by the Chinese-owned Union Development Group (UDG). The international airport developer anticipates that the launch will promote economic development in Koh Kong and boost tourism in the area.
   
• Exchange rate, the KHR to USD strengthened slightly to 4,030 riel per USD, while the USD index was up to 106.54.
   
• Looking at global commodities, oil prices firmed on Wednesday as market participants weighed up geopolitical tensions and the prospect of OPEC+ extending supply cuts against weaker demand.
• Brent crude futures rose 23 cents, or 0.3%, to $73.85 US dollars a barrel. On Tuesday, Brent posted its biggest gain in two weeks, rising 2.5%.
• Gold prices inched lower as markets awaited U.S. jobs data and comments from U.S. Federal Reserve Chair Jerome Powell for cues on the interest rate cut trajectory ahead of the central bank meeting this month. 
• Spot gold was down 0.2% at $2,639.34 US dollars per ounce. 
• U.S. gold futures shed 0.2% to $2,661.40 US dollars.
   
• U.S. stock futures were pointing to gains early Wednesday. Political tumult in South Korea appeared to be largely contained, with traders set to focus instead on the prospects for further rate cuts from the U.S. Federal Reserve.
• Dow Jones Industrial Average futures were up 133 points, or 0.3%. 
• S&P 500 futures gained 0.2% and Nasdaq 100 futures were rising 0.4%. 
• The S&P and Nasdaq Composite both hit new highs on Tuesday.
• Elsewhere, South Korea’s KOSPI Composite Index fell 1.4% as traders continued to digest political instability in the country.

Watch the 4 December 2024 market update in Khmer below: