I visited the Cambodian Stock Exchange (CSX) last September in the heart of Phnom Penh. It had officially "opened" a few months prior but no companies were listed yet. The trading room was filled with new desks and computer monitors, waiting for someone to power them on.
When the Cambodia Securities Exchange (CSX) was inaugurated last July, it attracted media exposure that spread across the Kingdom. Naturally, this attracted the curiousity of eager university students interested in studying the national economy.
After a string of false starts, Cambodia's stock market finally started trading on Wednesday, marking a significant step forward for an impoverished country blighted by corruption and scarred by decades of civil war.
Cambodian Securities Exchange (LSX) will officially begin trading on April 18, 2012. The trade executions are two (2) times a day, at 09:00 AM and 11:30 AM, and the settlement date of a transaction is T+2. Base price for the trading of initially listed issues shall be within 90% - 150% of the IPO price.
At the opening of the first securities trading, Cambodia Securities Exchange (CSX) has only one index, composite index, named “CSX Index”.
Cambodia Securities Exchange has granted permission to Phnom Penh Water Supply to push forward with its initial public offering, according to a statement from the CSX.
The Golden Fortune (Cambodia) Securities PLC (GFS), a joint-venture between Chinese and Cambodian investors, launched its operations here on Thursday, aiming at tapping the country's emerging financial sector.
Small and medium-sized enterprises, which are expected to play a key role in the Kingdom’s emergent stock market, are far from ready to list, insiders say.
The Securities and Exchange Commission of Cambodia approved yesterday a license to IRIS Securities to be the 13th securities investment advisory firm in the Kingdom’s budding capital market.
The Kingdom’s securities firms have raised concerns about an impending regulation that they said may stunt growth in the country’s fledgling financial markets.