The number of foreign nationals investing in Cambodia Securities Exchange (CSX) increased significantly last year, mainly are Chinese and Japanese investors, according to the latest CSX report.
Last year, more than 20,000 investors traded on CSX. 3,090 were foreigners, with an increase of nearly 19.5 percent.
The report released that in 2018, more Japanese are opening accounts and are participating in trading. From ranking 4th place in terms of trading turnover in 2017, it had jumped to 1st place last year, with a total turnover estimation at 3,073,656,060 riel (USD 768,414).
This had significantly showed that with the local economy growing at around 7 percent a year, Japanese investors have found Cambodia a new investment place.
Try Taihy, manager of CSX’s securities clearing and settlement department told the source that investors are starting to pay attention to Cambodian stock market because of the country’s economy stability.
“With returns on investment in their home country not being high, investing in other countries like Cambodia will be a good decision. As long as the real estate sector continues to thrive, CSX will remains a target for them,” he said.
He further commented that most Chinese and Japanese investors are choosing to buy shares in Phnom Penh Water Supply Authority and Sihanouk Autonomous Port as they are optimistic about the future. CSX index had increased more than 40 percent in 2018. 70% higher than it was a year ago.