Cambodia’s bourse records rise in new trading accounts
The Cambodia Securities Exchange (CSX) has recorded more than 57,000 trading accounts, with expectations to reach around 61,000 by the end of 2024. The CSX Chief Executive Officer Hong Sok Hour made this announcement during the opening ceremony of the Cambodia Stock Market Exhibition 2024 in Phnom Penh.
The bourse has experienced steady growth in new investors, with about 1,000 new trading accounts being opened each month. However, the daily trading volume at the CSX has remained relatively small, at approximately 200,000 US dollars per day since the beginning of the year.
With the significant increase in new investors this year, Sok Hour is confident that the daily trading volume will see a surge in the coming years. Currently, the CSX trades two main types of securities: stocks and bonds, with a total capital of nearly 400 million dollars from 23 listed companies, including 11 equity firms and 12 corporate bond firms.
Background of the Cambodia Securities Exchange
Launched in 2012, the CSX is a joint venture between the Cambodian government, holding 55% of the stakes, and the Korean Exchange, owning the remaining 45%. This partnership has led to the development and growth of the securities market in Cambodia, attracting a growing number of investors and contributing to the country’s economic development.
Future Outlook and Growth Potential
With the positive momentum in new trading accounts and investor interest, the CSX is poised for further growth and expansion in the coming years. The steady increase in the number of listed companies and the capital raised through the exchange is a positive sign of the market’s potential for growth and development.
As more investors participate in the Cambodian securities market, the daily trading volume is expected to increase, leading to a more liquid and dynamic trading environment. This growth in trading activity will further strengthen the position of the CSX as a key player in the region’s financial markets.
Source : www.socialnews.xyz