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B2B Asia News
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This is a B2B Cambodia Market Update for 8 January 2025, reviewing the Cambodia Securities Exchange (CSX) and global markets.
Watch the video in English above.
- The Cambodia Securities Exchange Index was down 1.6 points, or 0.39% to 408.54.
- Total trade volume was up with 53,368 shares changing hands at a total value of over 321.5 million KHR or approximately $79,200 US dollars.
- On the main board, only one stock was up. The Sihanoukville Autonomous Port was up 0.34% or 40 KHR to 11,800 KHR per share. On the other hand, two stocks were down, with the biggest loser of the day being Pestech Cambodia, which dropped 1.67% or 40 KHR to 2,360 KHR per share, followed by ACLEDA Bank, which was down 1.35% or 100 KHR to 7,300 KHR per share. The rest of the main board, meanwhile, remained flat.
- Over on the growth board, both stocks were up. JS Land increased by 1.79% or 60 KHR to 3,420 KHR per share, while DBD Engineering was up 0.49% or 10 KHR to 2,040 KHR per share.
- ACLEDA Bank once again recorded the highest trade volume of the day, with 35,920 shares changing hands at a total value of 262 million KHR or roughly $64,600 US dollars, which is 67% of total shares traded on January 8th.
- CAMGSM recorded the second highest trade volume of the day, with 7,005 shares changing hands at a total value of 16.8 million KHR or over $4,000 US dollars, approximately 13% of Wednesday’s trade volume.
- In other market news, ACLEDA BANK announced that it has received approval from the National Bank of Cambodia for a subordinated bond issuance on the Cambodia Securities Exchange (CSX). The funds will be used for capital, general banking activities, and various corporate objectives of the bank. ACLEDA Bank says it is now preparing to meet the requirements of all relevant authorities.
- Exchange rate, the KHR to USD weakened slightly to 4,036 KHR per USD, while the USD index was up to 108.87.
- Looking at global commodities, oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while data showing an unexpected increase in U.S. job openings pointed to expanding economic activity and consequent growth in oil demand.
- Brent crude was up 37 cents, or 0.5%, at $77.42 US dollars a barrel.
- Gold prices edged up as focus shifted to a key U.S. jobs report due later this week that could influence the U.S. Federal Reserve's rate path.
- Spot gold rose 0.1% at $2,653.04 US dollars per ounce. U.S. gold futures remained unchanged at $2,666.70 US dollars.
- U.S. stock futures ticked higher early Wednesday. The action comes after a sharp decline in Big Tech stocks and renewed fears over the path of rate cuts spurred a sell-off on Wall Street.
- S&P 500 futures rose 0.23%, while Nasdaq 100 futures gained 0.22%.
- Futures tied to the Dow Jones Industrial Average advanced 81 points, or roughly 0.19%.
Watch the 8 January 2025 market update in Khmer below: