Logo of Phnom Penh Post newspaper Phnom Penh Post - CSX sees strong performance, recovery in second quarter

CSX sees strong performance, recovery in second quarter

CSX sees strong performance, recovery in second quarter

The Cambodia Securities Exchange (CSX) announced that the market performed well in the second quarter with an index increase of 18 per cent – from 590.63 in Q1 to 695.99 in Q2.

Its Investors and Investing Bulletin released last week said the market cap was $2.507 billion ending Q2 while trading volume was 3,706,945 shares. That was up 561 per cent while the trading value was around $16.20 million, a sharp increase of 1,600 per cent.

Acleda Bank Plc (ABC) accounted for 80.88 per cent of the trading volume followed by Phnom Penh Water Supply Authority (PWSA) at 6.6 per cent, Phnom Penh Special Economic Zone Plc (PPSP) at 5.47 per cent and Sihanoukville Autonomous Port (PAS) at 2.86 per cent.

The Phnom Penh Autonomous Port (PPAP) accounted for 2.25 per cent, and Grand Twins International (Cambodia) Plc (GTI) was 1.94 per cent.

CSX vice-chairman Ha Jong-weon told The Post on Sunday that the CSX index fell to its lowest level in late March, possibly due to Covid-19 fears.

“Despite the coronavirus, our market performed well in Q2. The index started to go up at the beginning of Q2 as the market recovered.

“More importantly, we managed to list the largest domestic commercial bank, ABC, in late May which led to the high increase in trading activities. Since it joined the bourse, it has become the most active stock in the market,” he said.

However, Ha said he expects the index will continue to decline slightly in the upcoming quarter.

“The index is showing a downward trend in Q3 because the price of the largest-market-cap-stock, ABC, had fallen and stabilised in the last four weeks.”

CSX has so far listed 13 companies, seven are listed as stocks and six as corporate bonds.


  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • Kingdom accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • PM asks India for vaccine help

    Prime Minister Hun Sen is seeking assistance from India for the provision of Covid-19 vaccines as the country has produced its own vaccine which is scheduled to be rolled out to more than 300 million Indians this year. The request was made during his meeting with

  • One million Chinese Covid-19 jabs to start rolling in from February

    The government has confirmed that Covid-19 vaccines from China are set to begin arriving in Cambodia by February. This came as the Ministry of Health recorded two imported cases of Covid-19 on January 18. While calling on people to remain vigilant against the pandemic, ministry spokeswoman