9 December 2024 - Market Update - B2B Cambodia

This is a B2B Cambodia Market Update for 9 December 2024, reviewing the Cambodia Securities Exchange (CSX) and global markets.

Watch the video in English above.

• The Cambodia Securities Exchange Index was down 0.38 points, or 0.09% to 401.46. 
• Total trade volume was down from Friday with 69,693 shares changing hands at a total value of £307 million riel or approximately $76,300 US dollars.
• On the main board, only one stock was up. The Phnom Penh Water Supply Authority was up 0.32% or £20 riel to £6,180 riel per share.
• On the downside, the biggest loser of the day was Pestech Cambodia, down 0.41% or £10 riel to £2,420 riel per share, followed by the Phnom Penh Autonomous Port, which was down 0.30% or £40 riel to £13,440 riel per share. Other stocks also down were the Sihanoukville Autonomous Port and ACLEDA Bank.
• Meanwhile, Grand Twins International, Royal Group Phnom Penh SEZ, MJQ Education and CAMGSM remained flat.
• Over on the growth board, both stocks were flat. DBD Engineering stayed flat at £2,040 riel per share, while JS Land remained at £3,430 riel per share.
   
• Royal Group Phnom Penh SEZ recorded the highest trade volume of the day, with 19,470 shares changing hands, at the value of £42.3 million riel or $10,500 US dollars, roughly 28% of total shares traded on December 9th. 
• ACLEDA Bank recorded the second highest trade volume of the day with 13,107 shares changing hands at a total value of £90 million riel or $22,500 US dollars, making up around 19% of Monday’s trade volume.
   
• Exchange rate, the KHR to USD strengthened slightly to £4,025 riel per USD, while the USD index was slightly up to 105.93.
   
• Looking at global commodities, oil prices climbed on Monday after the fall of Syrian President Bashar al-Assad's regime introduced greater uncertainty to the Middle East, although the gains were capped by a waning demand outlook for the coming year.
• Brent crude futures rose 36 cents, or 0.51%, to $71.48 US dollars per barrel.
• Gold prices climbed as China's central bank resumed gold purchases after a six-month pause, while expectations for an interest rate cut at the U.S. Federal Reserve's meeting next week strengthened.
• Spot gold gained 0.7% to $2,650.63 US dollars per ounce, U.S. gold futures added 0.5% to $2,672.30 US dollars. 
   
• U.S. stock futures were mostly falling Monday as investors looked to build on record highs ahead of key inflation data later in the week.
• As of the time of the Cambodian market’s closing, Futures on the S&P 500 were down less than 0.1% ahead of the open and Nasdaq 100 futures fell 0.1%, while Dow Jones Industrial Average futures were flat. 
• The S&P 500 and Nasdaq Composite both reached record highs Friday after the jobs report came in hotter-than-expected, but not too hot as to shift rate-cut expectations.
• However, the Dow fell for the second consecutive day, dragged down by UnitedHealth shares following the fatal shooting of executive Brian Thompson.
• Investors will get another inflation reading Wednesday, the last major economic data of the year, and it could be crucial ahead of the U.S. Federal Reserve’s meeting next week. Traders currently see an 85% chance of a 0.25% cut, up from 62% a week ago.
• Economists are expecting the consumer price index to rise at an annual rate of 2.7% in November, up from 2.6% in October. It would need to be a lot hotter than that to move the dial on rate-cut expectations.

Watch the 9 December 2024 market update in Khmer below: