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B2B Asia News
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This is a B2B Cambodia Market Update for 5 February 2025, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was up 1.11 points, or 0.27% to 409.08.
- Total trade volume was down with 20,102 shares changing hands at a total value of 119 million riel or approximately $29,700 US dollars.
- On the main board, three stocks were up, and three were down. CAMGSM led the market, up 0.83% or 20 KHR to 2,440 KHR per share, followed by Phnom Penh Autonomous Port, which was up 0.58% or 80 KHR to 13,900 KHR per share. The Phnom Penh Water Supply Authority was also up 20 KHR .
- On the downside, the biggest loser of the day was Grand Twins International, down 0.37% or 20 KHR to 5,340 KHR per share, followed by Sihanoukville Autonomous Port, which was down 0.34% or 40 KHR to 11,840 KHR per share. The other stock down was ACLEDA Bank.
- Meanwhile, Royal Group Phnom Penh SEZ, Pestech Cambodia and MJQ Education stayed flat.
- Over on the growth board, DBD Engineering was down 0.49% or 10 KHR to 2,050 KHR per share, while JS Land was up 0.99% or 30 KHR to 3,070 KHR per share.
- ACLEDA Bank recorded the highest trade volume of the day with 11,565 shares changing hands at a total value of 83.2 million KHR , or over $20,800 US dollars, roughly 57.5% of Wednesday’s trade volume.
- MJQ Education recorded the second highest trade volume of the day with 2,912 shares changing hands at a total value of 6 million KHR or over $1,500 US dollars, approximately 14% of February 5th’s trade volume.
- In other market news, ACLEDA Bank released a disclosure notice announcing a change in its board of directors. Mr Stéphane Mangiavacca, a nominee director from Cofibred, is no longer serving as a Director of ACLEDA Bank, effective from February 3, 2025. A new director for this position will be nominated in line with the bank’s policy and regulations.
- Recently, the United Kingdom extended the Developing Countries Trading Scheme, or DCTS, membership for Cambodia until 2032, which has been welcomed by the Cambodian government. This extension will last for three more years after Cambodia’s expected graduation from Least Developed Country (LDC) status.
- The Developing Countries Trading Scheme originally entered into force on 19 June 2023, replacing the UK’s previous Generalised Scheme of Preferences. Cambodia has benefitted from both preferential trade schemes. The decision is more important for Cambodia than the UK, as the UK is Cambodia's 10th largest trading partner, while Cambodia was the UK’s 97th largest trading partner according to the latest data. In contrast, the US generalised system of preferences applied to Cambodia from 1997 to 2020, but has since been discontinued and not renewed. There is no clear indication that the US government will reinstate GSP.
- Exchange rate, the KHR to USD remained stable to 4,020 KHR per USD, while the USD index was down to 107.64.
- Looking at global commodities, oil prices declined on Wednesday as rising stockpiles in the U.S., and market worries about a new Sino-U.S. trade war, offset President Donald Trump's renewed push to eliminate Iranian crude exports.
- Brent crude futures were down 21 cents, or 0.28%, at $75.99 US dollars a barrel.
- Gold prices hit a record high, bolstered by the same fears of a new trade war between the United States and China after Beijing slapped tariffs on U.S. imports in response to new U.S. duties on Chinese goods.
- Spot gold rose 0.8% to $2,864.34 US dollars per ounce, after hitting a record high of $2,865.30 US dollars earlier in the session. U.S. gold futures gained 0.5% to $2,891.20 US dollars.
- S&P 500 futures fell early Wednesday after Google-parent Alphabet posted disappointing revenue, following a positive session for the major averages.
- S&P 500 futures and Nasdaq 100 futures slid 0.52% and 0.70% respectively. Dow Jones Industrial Average futures were lower by 123 points, or 0.2%.
Watch the 5 February 2025 market update in Khmer below: