Trade at CSX reaches new high

22 May 2019 2055 | Business & Trade Fairs

The Cambodia Securities Exchange (CSX) yesterday saw the largest trade volume in its short history with nearly 10 million shares exchanged.

The total value of traded shares surpassed $30 million, the highest ever at the Cambodian stock exchange, CSX said.

“Today’s trade was mainly composed of stocks of Sihanoukville Autonomous Port (PAS), with total trade value reaching 120.02 billion riel.

“Of this, only 0.02 billion riel was traded through the Auction Trading Method (ATM). The rest was traded using the Negotiated Trading Method (NTM),” CSX said.

The NTM trade, facilitated by stockbroker SBI Royal Securities, was the biggest on record, it said.

“This was the second time trade is conducted through NTM in 2019, but it was the fourth since the method appeared in the local market in early 2018,” CSX said.

Kim Sophanita, director of CSX’s market operations department, explained the difference between ATM and NTM.

“If a buyer wants to buy or sell stock but there is no counterparty, they normally need to place the order at the market. This is done through the Auction Trading Method or ATM.

“However, say one wants to buy or sell a large amount, say millions of shares. To increase the likelihood of the purchase happening, they need to find major shareholders and negotiate the deal. Usually, a broker can help.”