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CSX raises record $151 million from securities, corporate bond trading

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There are five firms listed and trading securities on the CSX, while three financial institutions are listed on its corporate bond market. Heng Chivoan

CSX raises record $151 million from securities, corporate bond trading

The Cambodia Securities Exchange (CSX) has raised a record $151 million from securities and corporate bond trading so far this year.

This marks a substantial 26 per cent increase on the $120 million record set at the end of last year, Securities Exchange Commission of Cambodia (SECC) director-general Sou Socheat told The Post on Monday.

“We currently only have two products [securities and cooperate bonds] trading on the CSX. Next year, the [CSX] will list a small number of new companies and trade their securities. A few firms will also be listed on the corporate bond market,” he said.

There are currently five firms listed and trading securities on the CSX, while three financial institutions are listed on the exchange’s corporate bond market.

“Both the [SECC] and CSX have been trying to attract more companies and investors to the market to contribute more to the economy,” Socheat said.

CSX CEO Hong Sok Hour said that Cambodia’s stock market was developing steadily, with more listings being offered regularly, attracting an increasing number of active investors.

CSX data released in early October showed strong growth in the third quarter of this year, marking record growth since the CSX began trading in 2012, with market capitalisation up more than 40 per cent on the second quarter.

The data showed that market capitalisation reached some $800 million in the third quarter – up from $570 million in the second. The index also rose to 869.16 points at the end of November, the highest figure in the past six years.

A total of 725 new trading accounts were opened in the third quarter, bringing the total to 22,196. The average daily trading volume (ADTV) during the period stood at $27,121, or 12,539 shares. Meanwhile, trading by individual investors stood at around 94 per cent, according to the data.

The share prices for the five firms listed on the CSX also generally showed strong increases at the end of the third quarter of this year, the data showed.

Sihanoukville Autonomous Port (PAS) shares soared 270 per cent from 6,400 riel to 23,650 riel ($1.56 to $5.77), while Phnom Penh Autonomous Port (PPAP) shares climbed nearly 100 per cent from 6,400 riel to 12,780 riel during the period.

Phnom Penh Water Supply Authority (PWSA) shares rose by 90 per cent from 3,240 riel to 6,160 riel, while Grand Twins International Plc (GTI) shares increased by 46 per cent from 3,020 riel to 4,400 riel.

However, Phnom Penh Special Economic Zone’s (PPSP) shares fell two per cent from 2,800 riel to 2,740 riel during the third quarter.

On Monday, the value of equity trading increased fourfold to 186.87 million riel from Friday.

PAS accounted for the highest number of trades, with 56.78 per cent, followed by PWSA at 33.2 per cent.

The CSX closed even on the news at 764.98 points, the same as on Friday.

Meanwhile, Advanced Bank of Asia (ABA Bank) recorded its second bond trade (under ABAA22A) as the markets closed on Monday, with 39 units worth 3.9 million riel being moved.

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