Trading volume at Cambodia's bourse hits all-time high

Source: Xinhua| 2019-05-21 18:27:42|Editor: xuxin
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PHNOM PENH, May 21 (Xinhua) -- The Cambodia Securities Exchange (CSX) recorded its highest-ever trading volume on Tuesday, exchanging 9,457,422 shares with a total value of 120.12 billion riel (29.6 million U.S. dollars), said a CSX's press release.

Tuesday's trading volume broke the highest record of all time since the opening of the market in 2012, the release said.

Among the five listed companies traded throughout Tuesday morning, the Sihanoukville Autonomous Port (PAS) stock accounted for 99.9 percent of the Tuesday's traded shares, Kim Sophanita, director of CSX's market operations department, told Xinhua.

She said the trading volume showed that the market has been progressing better and better and can accommodate much bigger and more trades.

"The trade with this amount is considered large transaction in our market," she said. "Such big trades are usually done between institutional investors."

"This is not happening by chance as we have prepared in advance for example having the regulation and system in place and doing market promoting activities both inside and outside the countries as well as building other necessary market infrastructures to attract institutional investors to our market," she added.

Cambodia's stocks finished higher on Tuesday, with the CSX's market index up 7.13 points, or 1.22 percent, to close at 592.37.

Launched trading in 2012, the CSX currently has five stock-listed companies and two corporate bond issuers.