The Cambodia Securities Exchange (CSX) closed 2018 at an all-time high of 480.98 points, rising 40 percent year-on-year for a market capitalisation of $442.92 million (1.77 trillion riel) on the back of robust trading in the tail-end of the second half of the year.
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The index rose 9.81 points, or 2.08 percent, yesterday, with 19,602 shares traded for a total value of $26,553.98.
In a statement today, CSX said the average daily trading value climbed 101 percent to $26,701 (106.80 million riel), from $13,149 (52.60 million riel), while the average daily trading volume increased seven percent to 16,228 shares, from 15,161 shares.
The exchange, which features five listed companies and one corporate bond, saw four out of five stocks end higher than a year ago, particularly state-owned Sihanoukville Autonomous Port (PAS), which surged 98.04 percent to a record 10,100 riel, from 5,100 riel, for a market capitalisation of $11,029.62. A total of 4,386 shares were transacted.
Last week, CSX saw the largest trading volume with over two million PAS shares changing hands through the negotiated trading method (NTM).
“Some 2.14 million PAS shares or 2.5 percent stake was acquired by Kobe-Osaka International Port Corp (KOI), the operator of Hanshin Port, from Japan International Cooperation Agency (JICA).
“With the acquisition, KOI became the first Japanese port operator to implement the ‘Act for Promotion of the Participation of Japanese Business in Overseas Infrastructure Projects’ that was enforced in August this year,” CSX said quoting KOI and the Japanese Transport Ministry.
Year-on-year, government-linked entities Phnom Penh Autonomous Port (PPAP) grew nearly 50 percent to 7,680 riel per share, from 5,140 riel, and Phnom Penh Water Supply Authority (PWSA) closed up 8.81 percent higher at 4,200 riel. The growth gave PPAP and PWSA a market capitalisation of $279 and $12,090.71, respectively.
Industrial land developer Phnom Penh Special Economic Zone Plc saw shares traded 2.84 percent higher to close at 2,900 riel from a year ago for a market capitalisation of $1,135.36.
In contrast, garment manufacturer Grand Twins International (Cambodia) Plc slipped 8.09 percent to 4,320 riel, from 4,700 riel last year, with a market capitalisation of $2,019.30.
CSX said the number of trading accounts rose to 20,525, from 8,973 early this year, with 84 percent owned by domestic investors.
It said that 17 percent of the trading account owners subscribe to the Mobile Trading System (MTS) – which was launched in mid-2018 to enable investors to place orders and check their balance from anywhere – adding that 59 percent of stock orders were placed via MTS.
CSX previously said the growth in retail participation was fuelled by increased investor education, Cambodia’s economic growth, and an average dividend yield of four to five percent in 2017.