Daily trading volumes on the Cambodia Securities Exchange (CSX) has gone up after months of decline in 2023.
The first four months of 2024 saw daily trading volume has been below $200,000. But, trading has now picked up with daily trading volume at $300,000, said Hong Sok Hour, CEO, CSX.
“The significant increase in daily trading, shows we are back to seeing volumes recorded in early 2023,” Sok Hour said in a seminar of the Earnings Forum 2024 held last week.
According to Sok Hour, there was an average of 1,000 new account openings per day. Sok Hour said, the CSX will see new listings this year and there are more firms in the pipeline, and talks are underway.
As part of its long-term vision, CSX has set a daily trade volume of $100 million in 2030 when the country is set to become an upper-middle-income nation, Sok Hour said.
CSX has 18 listed companies, which have raised about $380 million from the market. Launched in 2012, CSX is a joint venture between the Cambodian government, holding 55 percent stake, and the Korean Exchange, owning the remaining 45 percent.
The seminar of the Earning Forum 2024 was held with the aim of providing a platform for listed companies to disseminate business information. It was also an opportunity for them to share their annual reports for 2023 and the first quarterly report for 2024 to public investors.
The seminar urged investors to study filings of companies and equity reports by securities firms. CSX’s CEO also encouraged all listed companies to find ways or create opportunities that allow investors to learn about their companies more easily and effectively.
