Kingdom’s stock market investors double in second half of this year

Content image - Phnom Penh Post
Motorists stare at a CSX billboard at a traffic stop along Monivong Boulevard in Daun Penh district’s Wat Phnom commune in the capital. Heng Chivoan

The Kingdom’s sole stock market saw its investors double in the second half of this year compared to the first half, said a Cambodia Securities Exchange (CSX) press release on Tuesday.

It said the numbers of investors reached 20,425, doubling from the beginning of the second half of this year, while national investors increased to 17,289 – a rise of 150 per cent.

 

International investors reached 3,136 – increasing only 6.37 per cent compared to the same period in the first half of the year.

Optimistic outlook

 

The release said the increase is due to a more optimistic outlook of the stock market, particularly this year.

“This is because people started to feel optimistic about the market, having previously seen ongoing market development,” it said.

The market will be more attractive with various upcoming products and completed infrastructure.

“With more than six years of market development, the market has reached a new era with remarkable results. With the variety of products in the market, investors may also find the stock market a better investment opportunity because it is a good choice to diversify their investment portfolio,” the release said.

 

Another factor boosting the market’s growth is the Kingdom’s macro-economy, which is set to see an annual seven per cent increase.

The CSX said the huge increase in the number of investors drives the liquidity of the market and looks attractive to new investors.

“A good future perspective and opportunities are also along the way. With the upcoming listed stocks and bonds, trading will be more active and this will attract more companies to go public.”