Cambodia Investment Review

$24M traded in Q4 on Cambodia’s stock market

$24M traded in Q4 on Cambodia’s stock market

Harrison White

Total trading on Cambodia’s stock market hit $23.9 million during the fourth quarter of 2021 – a 609% increase year-on-year as the exchange hit a total market capitalization of $1.75 billion down 26% over the same period.

The large increase was attributed to a single trade conducted by SBI Royal Securities processing the Inter Logistics (Cambodia), a subsidiary of Royal Group purchase of 45.09% of the publicly traded Phnom Penh Special Economic Zone (CSX:PPSP).

PPSP stock price was trading at KHR 2,000 putting the estimated purchase price at $15.87 million or 45.09% of the company’s listed shares (based upon current stock price valuation).

CSX awards ACLEDA Securities ‘broker of the quarter

Despite the large trade by SBI – Cambodia Securities Exchange awarded ACLEDA Securities its broker of the quarter with the firm accounting for 27% of trade as well as 85% of new trading accounts.

The award is given after calculating trading value a t60% and 40% for the amount of new account opened as well as its Mobile Trading System usage.

According to CSX in the fourth quarter of 2021, ACLEDA Securities investors traded 53 billion riels ($12.96 million) accounting for approximately 27% of total securities trading value. In addition, the company opened 85% of new trading account created belonging to the firm.

PPSP was the most traded stock at $16.9 million and Acleda Bank (CSX:ABC) at $5.2 million. Overall only 1% of trading was conducted by a foreign-owned trading account with individual investors accounting for 64% of turnover.

CSX told Cambodia Investment Review they were glad to end Q4 with a massive increase in trading value.

“Since the launch of Negotiation Traded Method in 2018, it has played a very important role in facilitating big trades for institutional investors by negotiation mechanism,” they said.

“As a matter of fact, we were able to execute many big deals so far including the one on PPSP acquisition last December. We need a balance between institutional and individual trading and NTM was one of our operational facility introduced to promote institutional investor trading in the market,” they added.

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