Aided by the launch of a new trading tool in January, the local stock exchange registered its highest volume of trading activity in its history during a five-day period that ended Wednesday.
From June 16 to 20, trading activity spiked at the Cambodian Stock Exchange (CSX). On the 19 and 20, the days of highest activity, share trade was valued at $71,000 and $105,000, respectively.
By comparison, $8,400 are traded at CSX per day on average.
The rise in trading activity was partially made possible by Market Order, a new tool that allows investors to trade shares at the best price available in the market, CSX said.
“Market Order reflects the current liquidity of stock trading at CSX, which means investors can easily convert their stocks into cash faster and according to their needs.”
Soleil Lamun, director of CSX’s Listing and Disclosure Department, told Khmer Times that the most active stocks during the five-day period were those belonging to the three state-owned enterprises listed in the bourse: Phnom Penh Water Supply Authority, Phnom Penh Autonomous Port, and Sihanoukville Autonomous Port.