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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.
Cambodia stocks close 0 28 pct lower thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.