Cambodia’s only stock plummets, shares sold off
In another record-breaking low point, shares of the Phnom Penh Water Supply Authority dipped under 5,000 riel by market’s close yesterday, while one investor sold off some 25,000 shares.
The price drop came amid heightened tensions in Phnom Penh. Opposition Cambodia National Rescue Party lawmakers followed through on promises to abstain from attending the inaugural session of the National Assembly after their demands for investigation into alleged irregularities during the July 28 poll weren’t met. …
According to data from the Cambodia Security Exchange (CSX), the water supply authority’s price declined 4.35 per cent yesterday to 4,840 riel, down from 5,060 riel at closing on Friday. …
Soleil Lamun, deputy director of the market operations department at the CSX, blamed the prices – which first inched downward weeks ago and have continued to fall ever since – on the lack of investors confidence brought on by an uneasy political climate. …
May Kunmakara
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-only-stock-plummets-shares-sold
