Cambodia Investment Review

$15M traded on Cambodia’s stock exchange in Q3’22

$15M traded on Cambodia’s stock exchange in Q3’22

Harrison White

Investors have traded a total of $15.38 million in buying and selling stocks listed on Cambodia Securities Exchange (CSX) in the third quarter of 2022 as the index falls 5% from 491.45 points in Q2 to 467.02 points.

According to the exchanges Q3 official statistics report, traders have opened a total of 33,336 account representing a 9.9% year-on-year increase as the exchanges total market capitalization hit $1.73 billion.

To read more about CSX Q2’22 data click here.

In Q2 total transactions recorded a 421% year-on-year record trading quarter with 30 million shares worth $77.91 million exchanged as the overall index fell 11% to 491 points and market cap also dropped 9% to $1.86 billion.

Index dropped 5% from last quarter

Kim Sophanita Director at CSX told Cambodia Investment Review that in Q3 of 2022, the CSX Index saw a decline of approximately 5% compared to Q2 of 2022 as it dropped from 491.45 points in Q2 to only about 467.02 points in Q3 2022.

“This was mainly due to the rise of the inflation, the increase in the bank’s deposit rate, and impact from the prolonged Russian-Ukraine war that keeps pressuring Cambodia’s securities market like in other global markets,” Sophanita said.

To read more about CSX 2022 strategic outlook click here.

Kim Sophanita Director at CSX

“Nevertheless, the negative effect toward Cambodia’s market is minimal compared to the global equity markets (excluding the United States) which experienced a drop of more than 11% in Q3,” she added.

The record quarter comes after a previous record with $27.4 million traded increasing 221% from $8.5 million in the same period of 2021.

The main reason for the record quarterly trading amount was attributed to the investment firms Morgan Stanly’s $43.23 million purchase of ACLEDA Bank shares marking the largest ever Negotiated Trading Method buy.

Transactions value return to ‘normal’

Reflecting on terms of transaction, the trading value of Q3 2022 was approximately KHR 1 billion ($250,000). It is one-fifth compared to Q2 and about the same to Q3 2021.

“Q2 2022 data was exceptionally high due to the largest ever NTM trade of about $43 million and other large deals that occur during this quarter. Considering the retail trading activity so far, it remained strong,” Sophanita added.

ACLEDA Securities Plc. was responsible for 78.61% of total trading values exchanged and followed on from the broker named as the Best Securities Brokerage Cambodia in the 2022 Global Banking & Finance Awards® organized and evaluated by the Global Banking & Finance Review® based in London, United Kingdom.

To read more the award for ACLEDA Securities about the click here.

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