PHNOM PENH, Jan. 13 (Xinhua) -- Daily trading value on the Cambodia Securities Exchange (CSX) fell by 35 percent in 2024, the bourse said in a press release on Monday.
"The average daily trading value in 2024 was more than 535 million riels (approximately 133,963 U.S. dollars), showing a 35 percent decline from 2023," said the press release on Market Situation in 2024 and Strategic Plans for 2025.
"However, there has been a noticeable increase gradually in local investor participation. The average daily trading volume was 101,843 shares with 93 percent traded by local investors," it added.
About 12,745 investors opened new trading accounts at the CSX last year, a year-on-year increase of over 26 percent, bringing the total active trading accounts at the CSX to 58,394 by the end of 2024.
The CSX welcomed two bond-listed companies in 2024, the press release said, adding that to date, the CSX has registered a total of 23 listed companies, including 11 equity firms and 12 corporate bond firms.
Building investor confidence remains a priority for the CSX, the press release said.
Although the 2024 market situation may not have been favorable for investors, ones still perceive the high potential in this market as the drop in the prices of these quality companies' shares presents an opportunity for investors to buy shares below market value, positioning them to sell during the market recovery, it said.
The CSX expects that 2025 will be a golden opportunity for investors.
"We are committed to achieving significant goals for 2025 by continuing to double the daily trading value to approximately 300,000 U.S. dollars, adding 15,000 new trading accounts, and increasing the number of listed companies by at least six," the news release said.
Launched trading in 2012, the CSX is a joint venture between the Cambodian government holding 55 percent of the stakes and the Korean Exchange owning the remaining 45 percent. ■
