Record activity at local exchange

The Cambodia Securities Exchange (CSX) experienced a whirlwind of activity early this week that saw almost 300,000 shares traded in five days, breaking the record for average daily volumes.

In a press release on Thursday, CSX said the uptick began on June 13 when 24,713 shares traded hands. On Tuesday that number jumped to 64,666 before skyrocketing to 131,279 on Wednesday.

Before this period of rapid trading, the average amount of shares traded daily this year was only 7,845.

New tech

Explaining the sudden spike in activity, Lamun Soleil, the director of marketing operations at CSX, said a new order-facilitation system called market order (MO) had been implemented which allowed for faster trades in higher amounts.https://www.phnompenhpost.com/business/record-activity-local-exchange