CSX demonstrates resilience, steady growth in 2025 despite challenges

CSX demonstrates resilience, steady growth in 2025 despite challenges

The CSX describes the fundraising measure as unprecedented, underlining the growing role of the securities market as a reliable and long-term source of financing.

Cambodia’s securities market demonstrated resilience and steady development throughout 2025, maintaining investor confidence and market stability despite a year characterised by global economic uncertainty and domestic challenges, according to a report released by the Cambodia Securities Exchange (CSX) on Wednesday.

In its annual review, the CSX described 2025 as a particularly difficult year for the world economy, with many countries facing multiple pressures. Cambodia was also affected by events that disrupted economic activity and had knock-on effects on infrastructure development, tourism and other key sectors.

Nevertheless, the CSX noted that these challenges did not translate into sharp volatility or a loss of confidence in the local capital market.

On the contrary, investor participation continued to expand. The number of newly opened trading accounts reached 14,504 in 2025, an increase of 13.8 per cent compared to the previous year. The exchange said the consistently high number of active investors was a positive signal, reflecting sustained interest and long-term confidence in Cambodia’s securities market.

Trading activity remained stable throughout the year. According to the report, investors not only held on to their existing investments but also increased their exposure, helping to support overall market stability.

As a result, the average daily trading value exceeded 435 million riels, or approximately $108,000, in 2025. This steady level of activity contributed to an improvement in overall market performance, with the CSX Index rising to 423.06 points, up 2.5 per cent over the year.

Foreign investor participation also showed signs of gradual improvement. In December 2025, trading by foreign investors accounted for 40.16 per cent of total market turnover. Over the full year, foreign investors bought about 5.42 million shares and sold roughly 5.44 million shares. The CSX said this balance demonstrated that foreign investors largely maintained their positions in Cambodia, despite ongoing global economic uncertainty, rather than withdrawing from the market.

On the supply side, the exchange continued to expand its product offerings. In December, Picasso City Garden Development Plc. was listed on the CSX, becoming the 12th company to list equity securities on the exchange.

The CSX said the new listing highlighted the continued interest of domestic companies in raising capital through the stock market.

The bond market recorded particularly strong momentum in 2025. Four companies successfully raised a combined total of around $308 million during the year, including Daun Penh Agrico, which raised funds on December 30 and is expected to be listed in January 2026.

The CSX described the fundraising level as unprecedented, underlining the growing role of the securities market as a reliable and long-term source of financing.

Overall, the exchange said the 2025 performance clearly demonstrated continued stability, trust and support from both domestic and foreign investors. It added that investment in Cambodia’s securities market not only offers an alternative source of income for investors but also plays an important role in supporting national economic growth and development.

khmertimeskh