Stock market offers youth another viable option to earn passive income phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.
The Cambodia Securities Exchange (CSX) Index maintained a bullish trend and reached peak at 648.33 points mid-lockdown before cooling back down, despite remaining flat in the days prior to the restrictive measure.
The government first placed Phnom Penh and adjacent Takmao town in Kandal province under lockdown on April 15, in a move to break the chain of Covid-19 transmission from the February 20 community outbreak. It extended it for another seven days until May 5.
Trading activity spiked across the board during the lockdown, with daily average trading values and volumes increasing by approximately 13 and 19 per cent respectively, CSX said in a press release late last week, citing data compiled from April 1 to May 5.
The local bourse has logged a sharp increase in trading even as the lockdown enters a third week, according to a senior official at the Cambodia Securities Exchange (CSX).
With a dramatic upsurge in number of new Covid-19 cases reported in connection to the February 20 community transmission, the government on April 14 announced a full lockdown in the capital and neighbouring Takmao town in Kandal province from April 15 to May 5 to control the risk of spreading the novel coronavirus.
CSX Market Operations Department director Kim Sophanita told The Post that the stock market has been operating smoothly since the lockdown began, adding that some 99 per cent of orders are received via Mobile Trading System (MTS).