Listed firms mobilise $389 million from stock market
Listed firms mobilise $389 million from stock market
The Securities and Exchange Regulator of Cambodia (SERC) said the 23 companies listed on the Cambodia Securities Exchange (CSX) have raised $389 million fund for their business activities.
Out of these 23 companies, 11 companies have issued securities and 12 companies issued bonds, including green bonds and sustainable bonds, SERC’s Director-General Sou Socheat said at the Cambodia Stock Market Exhibition held at Aeon Mall Phnom Penh on October 25.
“The securities sector is one of the arteries of economic growth with high potential for promoting the development of all sectors by providing long-term capital for enterprises to expand their business,” Socheat said.
According to the SERC, over the past decade, it has licensed and accredited 131 securities companies and services providers, and has developed and adopted laws, regulations and guidelines to allow the stock market accountability and transparency.
“In order to make our market more active and competitive with other markets in the region, I would like to urge all securities companies and issuers present today to actively participate in promoting the Cambodia Securities Exchange to generate more active trading activities and attract companies to turn to financing options through the stock market,” Socheat added.
“These are our achievements, so to make our market more active and competitive with other markets in the region, I would like to thank all the securities and issuers who are present today,” he said.
“Please actively participate in promoting the Cambodian securities market to promote more active trading activities and attract companies to turn to financing options through the securities market.”
Hong Sok Hour, CEO of the Cambodia Securities Exchange (CSX) said that the stock market currently has more than 57,000 trading accounts and he expects that number to reach over 60,000 by the end of this year.
The average daily trading volume is about $200,000 per day since the beginning of 2024, he added.
“Although the trading volume is not yet large, our stock market is more active as the number of trading accounts has increased significantly this year, which shows the increase in market of new investors as well as an increase in active investors,” Sok Hour said.
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.
