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.
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Now the time to buy stocks, says CSX’s Ha
Mon, 11 January 2021
Now is a great time for the general public to buy shares on the Cambodia Securities Exchange (CSX) as the Kingdom show gradual signs of economic recovery from the impact of Covid-19, according to its vice-chairman Ha Jong-weon.
The World Bank in mid-December projected that Cambodia’s economy would rebound to four per cent growth this year following a 1.9 per cent contraction in 2020.
The CSX index ended 0.3 per cent higher on January 8, closing out the week at 640.17 points. That day, 216,446,470 riel ($53,000) worth of shares changed hands.
Shares of ACLEDA Bank Plc (ABC) rose 60 riel to reach 16,860, Phnom Penh Water Supply Authority (PWSA) inched up 20 riel to close at 6,100, and Phnom Penh Autonomous Port (PPAP) gained 80 riel to finish the day at 11,780.