Logo of Phnom Penh Post newspaper Phnom Penh Post - CSX bullish amid lockdown

CSX bullish amid lockdown

Content image - Phnom Penh Post
The daily average trading value reached 241.63 million riel ($60,000), increasing by roughly 13 per cent compared to 214.59 million riel in the 10 days prior to the lockdown. Hean Rangsey

CSX bullish amid lockdown

The Cambodia Securities Exchange (CSX) Index maintained a bullish trend and reached peak at 648.33 points mid-lockdown before cooling back down, despite remaining flat in the days prior to the restrictive measure.

The government first placed Phnom Penh and adjacent Takmao town in Kandal province under lockdown on April 15, in a move to break the chain of Covid-19 transmission from the February 20 community outbreak. It extended it for another seven days until May 5.

Trading activity spiked across the board during the lockdown, with daily average trading values and volumes increasing by approximately 13 and 19 per cent respectively, CSX said in a press release late last week, citing data compiled from April 1 to May 5.

The data showed that the overall trading activity rallied throughout the entire duration of the lockdown.

The daily average trading value reached 241.63 million riel ($60,000), increasing by roughly 13 per cent compared to 214.59 million riel in the 10 days prior to the lockdown.

Similarly, the trading volume averaged 44,318 shares per day during the lockdown, jumping by approximately 19 per cent from the previous average of 37,358.

Daily trading value hit a 531.73 million riel peak on May 4, compared to the April 1-14 peak of 420.21 million riel reached on April 1.

“The increased trading activities also directly impacts the CSX Index in a positive light, allowing it to reach its current highest point of 2021,” said CSX. However that high was surpassed in May 7 after the index gained 1.31 per cent to close at 657.46 points.

The CSX Index inched up every day from the first trading day of the lockdown period, except on April 20-21, before reaching a 648.33 point peak on April 28, then dropped over the next two days before a slight rebound.

In comparison, the index circled around 638-642 points on April 1-14, prior to the lockdown.

According to CSX CEO Hong Sok Hour, investors are turning their interest to stock trading because it allows them to earn returns even at home during travel restrictions.

“It clearly shows the uniqueness of stock market investment for the general public as they can become owners of shares from reputable companies without spending much time establishing their own business," he said.

CSX also pointed out that 99 per cent of all orders during the lockdown were received through the Mobile Trading System (MTS).

On May 7, Phnom Penh Autonomous Port's (PPAP) share price hit a new record high, closing at 15,260 riel, 198 per cent above its IPO price of 5,120 riel.

At the same time, all the other shares on the market also saw respectable growth, CSX said.

Phnom Penh Water Supply Authority (PWSA), Grand Twins International (Cambodia) Plc (GTI), Phnom Penh Special Economic Zone Plc (PPSP), Sihanoukville Autonomous Port (PAS), Acleda Bank Plc (ABC) and Pestech (Cambodia) Plc (PEPC) gained between 20 and 840 riel per share to close at 8,240 riel, 4,420 riel, 1,970 riel, 13,880 riel, 16,600 riel and 3,200 riel respectively.

A total of 166,218 shares worth 1,042,383,580 riel were traded on May 7, of which PWSA accounted for 40 per cent in value.


  • Hun Sen: Stop Russia sanctions

    Prime Minister Hun Sen said sanctions against Russia as a result of its military offensive in Ukraine should be stopped as they have produced no tangible results, and predicted that a global food crisis would ensue in 2023 as a consequence. Speaking to an audience at

  • Chinese tourists 2.0 – Coming anytime soon?

    Regional tourism is grappling with the absence of the prolific travellers and big spenders – the Chinese tourists. Cambodia, which has welcomed over two million Chinese tourists before Covid-19, is reeling from the economic loss despite being the first to fully open last November ‘To put

  • PM reflects on shoe throwing: Free speech or act of violence?

    Prime Minister Hun Sen on May 17 questioned whether a man who threw a shoe at him while he was in the US was exercising freedom of expression or if it was an act of hostility. Hun Sen was referring to an incident last week when

  • Prime Minister Hun Sen warmly welcomed by president Biden

    Prime Minister Hun Sen, as ASEAN chair, and other ASEAN leaders were warmly welcomed by US president Joe Biden as the ASEAN-US summit May 12-13 kicked off today in Washington. “This evening, I welcomed ASEAN leaders to the White House for the first time in

  • Prime Minister Hun Sen invites US president to attend summit in Cambodia

    Prime Minister Hun Sen personally invited US President Joe Biden to attend the ASEAN-US Summit which is set to be held in Cambodia in November, as ASEAN and the US are expected to upgrade their strategic partnership to a ‘comprehensive strategic partnership’, according to Prime

  • Siem Reap’s Angkor Botanical Garden opens

    The Angkor Botanical Garden was officially opened on May 19 with free entry for both local and international visitors for the first six weeks. The garden was established on a nearly 15ha plot of land in Siem Reap. “After the first six weeks, Angkor Botanical Garden