32 percent rise in CSX trading accounts in Q1

32 percent rise in CSX trading accounts in Q1

Trading accounts with the Cambodia Securities Exchange (CSX) have gone up to 51,044 by the end of the first quarter (Q1) this year, an increase of 31.67 percent year-on-year.

According to data provided by Hong Sok Hour, CEO of CSX, yesterday, total trading volume during the January to March period, however, declined nearly 37.92 percent this year, compared to the same period last year.

Total traded value recorded at CSX during the period also declined about 57.92 percent year-on-year.

It may be recalled that in January this year, CSX introduced a new trading mechanism that allowed stock market investors and traders to trade in Khmer riel and settle in US dollars.

CSX also launched the Online Trading Account Opening Platform in November last year allowing investors to get their accounts opened immediately during working hours.

Last year proved to be a milestone year for CSX with record listings, bringing the total number of listed firms to 22, including 11 securities firms. Among the five listings last year, two were listed as equity firms and three were bond listings.

Meanwhile, CSX recently became a member of the Asia-Oceania Stock Exchanges Federation (AOSEF), marking a significant milestone in its commitment to strengthening market integrity and expanding its reach among national and international investor associations.

AOSEF, founded on principles of collaboration and cooperation, offers a platform for regional stock exchanges to exchange best practices, provide capacity-building opportunities, and engage in dialogue on emerging market trends.

CSX’s inclusion in the esteemed federation positions the exchange to leverage invaluable resources and expertise, reinforcing its status as a leading financial hub in the Asia-Oceania region.

CSX’s membership in AOSEF underscores its dedication to upholding the highest standards of transparency, governance, and investor protection. By aligning with AOSEF’s objectives, CSX aims to bolster investor confidence, attract a more diverse pool of global investors, and foster sustainable market growth, Sok Hour said in a statement.

In addition to enhancing market integrity, CSX’s affiliation with AOSEF opens doors to numerous international business opportunities. By tapping into AOSEF’s extensive network of exchanges and stakeholders, CSX seeks to facilitate cross-border investment flows, promote economic development, and drive innovation within Cambodia’s financial landscape.

As a member of AOSEF, CSX is poised to play a pivotal role in advancing regional economic integration and fostering sustainable development. The exchange looks forward to collaborating with peers across the Asia-Oceania region to unlock new opportunities and drive collective prosperity, the statement said.

Established in 2011, CSX is the country’s sole stock exchange, providing a platform for trading securities and fostering capital market development. (khmertimeskh)

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