6 December 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 6 December 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was up 1.86 points, or 0.47% to 401.84. 
• Total trade volume was down, with 148,769 shares changing hands at a total value of 938.9 million KHR or approximately $233,000 US dollars.
• On the main board, all stocks except one were up. Leading the market was MJQ Education, up 0.99% or 20 KHR to 2,050 KHR per share, followed by Phnom Penh Autonomous Port, which was up 0.90% or 120 KHR to 13,480 KHR per share.
• Only the Phnom Penh Water Supply Authority was down 0.32% or 20 KHR to 6,160 KHR per share.
• Over on the growth board, both stocks were up. DBD Engineering was up 0.49% or 10 KHR to 2,040 KHR per share, while JS Land was up 0.29% or 10 KHR to 3,430 KHR per share.
   
• ACLEDA Bank recorded the highest trade volume of the day, with 115,891 shares changing hands, an increase of over 400% from the company’s trade volume on Thursday, representing a total value of 799 million KHR or $198,000 US dollars, making up roughly 71% of total shares traded on December 6th.
• Grand Twins International recorded the second highest trade volume of the day with 12,532 shares changing hands at a total value of 64.5 million KHR or $16,000 US dollars, making up roughly 7.6% of Friday’s trade volume.
   
• Exchange rate, the KHR to USD strengthened slightly to 4,028 KHR per USD, while the USD index was down to 105.83.
   
• Looking at global commodities, oil prices dipped on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026.
• Brent crude futures were down 20 cents, or 0.3%, to $71.89 US dollars per barrel.
• Gold prices inched higher but were headed for a second straight week of decline, while market participants braced for U.S. payrolls data for cues on the U.S. Federal Reserve's interest rate trajectory.
• Spot gold was up 0.3% to $2,639.86 US dollars per ounce, while U.S. gold futures added 0.5% to $2,661.80 US dollars. 
• Bullion is down about 0.5% so far this week.
   
• U.S. stock futures were falling early Friday ahead of the potentially crucial November employment report later in the morning.
• As of the time of the Cambodian market’s closing, Futures on the Dow Jones Industrial Average were down 21 points, or 0.1%. 
• S&P 500 futures were also falling 0.1%, while those attached to the Nasdaq 100 futures were down less than 0.1%.

Watch the 6 December 2024market update in Khmer below: