Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia's exchange regulator may add trading sessions

Cambodia's exchange regulator may add trading sessions

Cambodia's exchange regulator may add trading sessions

Investors on the Cambodia Securities Exchange could soon have more trading time as the exchange regulator considers adding four trading sessions with the hopes of increasing trade volume.

The move, which could happen within a month, is one of a few proposed measures that insiders hope would help the market evolve.

If the Securities and Exchange Commission of Cambodia approves the recent CSX request, there could be a total of six sessions. Trading currently opens for two sessions in the morning.

“We are currently working on this,” Ming Bankosal, director general of the SECC, said yesterday.

The exchange, and its only listed company Phnom Penh Water Supply Authority, have seen a low volume of trading during the past month, although the number of shares traded have picked up since Thursday last week.

More trading sessions would expand access to the exchange in the short run, something that could help boost trading volume, said Lamun Soleil, deputy director general of market operations at the exchange.

“The market is still very basic. It’s too simple right now. We think [adding trading sessions] will give people more opportunity to trade,” he said.

The market needs more fine tuning than just increasing the amount of trading time, brokers have said. At present, buying shares on the CSX takes two days before the transaction is settled.

Bui Tuan Duong, broker manager at Cambodia-Vietnam Securities, said a continuous trading scheme  and real time orders would improve the market’s liquidity.

Traders cannot cancel trades once placed. The clearance and settlement process needed improved clarity as well, he said.

The SECC will not considering continuous trading right now. The time for such developments is “not right”, Ming Bankosal said.

To contact the reporter on this story: Don Weinland at [email protected]

MOST VIEWED

  • Diplomatic passports issued to foreigners to be annulled

    The Ministry of Foreign Affairs and International Cooperation will move to annul diplomatic passports issued to those not born in Cambodia. Analysts say the move may be in relation to reports that former Thai prime minister Yingluck Shinawatra used a Cambodian passport to register as

  • Hun Sen warns Irish MP of EBA ‘mistake’

    Prime Minister Hun Sen on Saturday told former Irish premier Enda Kenny, still a member of the EU nation’s parliament, that the 28-nation bloc should not make a “third mistake” regarding Cambodia by using the preferential Everything But Arms (EBA) agreement to “take 16 million

  • The hairy little heroes saving many lives in rural Cambodia

    IN RURAL Siem Reap province, rats dare to tread where no person will, as these hairy little heroes place their lives on the line each day for the good of the local community. The rodents are the most important members of a special team, leading

  • PM warns EU and opposition on 34th anniversary of his rule

    HUN Sen reached the milestone of 34 years as Cambodian prime minister on Monday and used the groundbreaking ceremony for a new ring road around Phnom Penh to tell the international community that putting sanctions on the Kingdom meant killing the opposition. “Please don’t forget