Logo of Phnom Penh Post newspaper Phnom Penh Post - Lockdown sparks CSX trading

Lockdown sparks CSX trading

Content image - Phnom Penh Post
The local bourse has logged a sharp increase in trading even as the lockdown enters a third week, according to a senior official at the Cambodia Securities Exchange (CSX). Hean Rangsey

Lockdown sparks CSX trading

The local bourse has logged a sharp increase in trading even as the lockdown enters a third week, according to a senior official at the Cambodia Securities Exchange (CSX).

With a dramatic upsurge in number of new Covid-19 cases reported in connection to the February 20 community transmission, the government on April 14 announced a full lockdown in the capital and neighbouring Takmao town in Kandal province from April 15 to May 5 to control the risk of spreading the novel coronavirus.

CSX Market Operations Department director Kim Sophanita told The Post that the stock market has been operating smoothly since the lockdown began, adding that some 99 per cent of orders are received via Mobile Trading System (MTS).

“The CSX and our brokers are mostly working from home and remotely connect to the office's computers for daily operations. All our cash settlement banks remain operational without interruption,” she said.

“There has been a remarkable increase in trading volume during the weeks of lockdown compared to the prior weeks, mainly in the low price stocks,” Sophanita said, adding that some 36,000 stock shares on average were traded daily compared to 28,000 in previous weeks.

MTS is a newly-developed system implemented by CSX, through which investors can trade stocks in a fast, secure and convenient way. Users can place orders directly from anywhere, view current and historical market data, as well as trading account data via smartphone or tablet.

According to Sophanita, Phnom Penh SEZ Plc (PPSP) was the most traded stock during the lockdown period with a daily average of 30,000 shares worth 56 million riel ($14,000). However, its share price saw no noticeable increase, merely fluctuating usual, she said.

She added that the CSX Index did better during this lockdown than the weeks prior, marking a slight 0.7 per cent increase and remaining at over 640 points.

Since mid-February, the index has been stable at around 640 points, she noted.

“Since the Covid-19 outbreak, all retail trade has been dominated by local investors. During the lockdown all trades were retail.

“The financial sector is at the core of Cambodia's socio-economic activity. CSX, as part of the financial system, has committed to remain operational regardless of the difficult situations, to ensure the best interests of our investors.

“The previous week already proved that the market can operate continually. It'd have been no obstacle for us if the lockdown were to have been extended,” Sophanita said.


  • Construction begins on $1.5B Kampot seaport

    The International Multi-Purpose Logistics and Port Centre, principally invested by Kampot Logistics and Port Co Ltd and projected to cost $1.5 billion, has officially broken ground in Bokor town, Kampot province. The multi-purpose logistics and port centre, located in Prek Tnaot commune, will be built on

  • Cambodia eyes key role in electronics, auto hubs in SEA

    Two roadmaps, part of the LDC’s economic diversification plan, were designed to see it through its migration process, but experts say the journey might be arduous, particularly in the presence of two established hubs in the region By 2028, Cambodia hopes to have exited the

  • Hun Neng, lawmaker and PM’s brother, passes away aged 72

    Hun Neng, chairman of the 4th Commission of the National Assembly, has passed away from heart disease at the age of 72 on the afternoon of May 5, according to the Ministry of Information. Hun Neng is the older brother of Prime Minister Hun Sen, and was

  • Massive stingrays may live in Mekong’s deep pools

    US scientists have suggested that unexplored deep pools in the Mekong River in an area of Stung Treng could potentially be home to significant populations of giant freshwater stingrays, one of the world’s largest freshwater fish species. This comes as a fisherman hooked a 180

  • PM meets with US business giants

    Prime Minister Hun Sen has met with a number of major US companies who have expressed interest in investing in Cambodia, in a meeting convened by the US-ASEAN Business Council (US-ABC). A delegation of companies – including Amazon, Meta, Chevron, ConocoPhillips, ExxonMobil, Ford, Visa and Pernod

  • CCC team off on US business trip

    The Kingdom’s leading economists and private sector representatives have called on the US to renew its tax preferential status for Cambodian exports, as a Cambodia Chamber of Commerce (CCC) delegation departed for a weeklong business visit to the US, where they will meet with