Cambodia’s bourse records rise in new trading accounts
Cambodia’s bourse records rise in new trading accounts
CSX Chief Executive Officer Hong Sok Hour said on Friday that the Cambodia Securities Exchange (CSX) has recorded more than 57,000 trading accounts.
“We expect the number of trading accounts will reach around 61,000 by the end of 2024, with 15,000 new trading accounts being opened this year alone,” he said in a speech during the opening ceremony of the Cambodia Stock Market Exhibition 2024 in the capital Phnom Penh.
He added that the bourse has experienced steady growth in new investors, with about 1,000 new trading accounts opening monthly.
However, he said, CSX’s daily trading volume has remained small since the start of this year, at approximately $200,000 per day.
As the number of new investors has significantly increased this year, Sok Hour is confident that the daily trading volume will surge in the coming years.
Currently, two types of securities are traded on the CSX: stocks and bonds.
According to Sok Hour, CSX has registered 23 listed companies, including 11 equity firms and 12 corporate bond firms, collecting a total capital of nearly 400 million dollars.
Launched trading in 2012, CSX is a joint venture between the Cambodian government, holding 55 per cent of the stakes, and the Korean Exchange, owning the remaining 45 per cent.
