CSX records surge in new trading accounts
CSX records surge in new trading accounts
The Cambodia Securities Exchange (CSX) has announced a significant increase in the number of new trading accounts opened during the first half of 2024.
CSX recorded a new high of some 55,000 new accounts, reflecting growing interest in the Cambodian capital market, said CEO of CSX Hong Sok Hour, adding that CSX has received new trade accounts at an average of nearly 1,000 per day.
This positive trend is attributed to several factors, including increased awareness of CSX, favourable economic conditions, and the introduction of new investment products.
“We hope that by the end of 2024, the number of trading accounts will reach nearly 70,000 trading accounts. It is a big ambitious goal, but we have seen a rapid trend of interest from investors and trend of participation from relevant parties in the securities sector,” Sok Hour said at a Listed Companies Forum on the ‘Potential of ACLEDA Bank Plc’ held on Wednesday.
Currently, there are two types of securities, stock and bond, traded in the Cambodia Securities Exchange (CSX).
For the equity market, there are 11 listed companies of which 9 companies are listed on Main Board and 2 companies are listed on the Growth Board. Whereas for the Bond market, there were 12 companies issued corporate bonds. As of June 2024, listed companies raised approximately $400 million from the market.
The Wednesday forum was to promote the potential of ACLEDA Bank to enhance the investors to be aware of the bank’s current and future opportunities as well as to provide them with the opportunity to observe directly the activities and progress of the bank’s business operations.
The ACLEDA Bank’s adherence to the best practices for corporate governance has played a key role in attracting and building the confidence of investors and shareholders to participate in the stock market and to have active trading operations on a continuous basis, In Channy, President and Group Managing Director of ACLEDA Bank, said.
ACLEDA Bank decided to go IPO and successfully listed its shares on CSX on May 25, 2020.
A total of 2,496 investors subscribed 4,344,865 shares equal to 1.0031 percent of the total shares of ACLEDA Bank during the IPO.
As of the end of June 2024, ACLEDA Bank’s investors increased by 18,482 equivalents to 35.70 percent of the total investors on CSX.
Launched in 2012, CSX is a joint venture between the Cambodian government holding 55 percent of the stakes and the Korean Exchange owning the remaining 45 percent.
