The Week at the CSX
After sudden increase in price to KHR 6, 600 (US$ 1.62) on July 25, over the next week the price rose for a couple of days before eventually changing direction, falling to 6,400 (US$1.57) on August 1. Trading volumes were larger compared to the week before. The price of Phnom Penh Water Supply Authority stock, at KHR 6,600 (US$ 1.62) on July 26, increased to KHR 6,800 (US$1.67) on July 27. But then it started to head south, reaching KHR 6,700 (US$1.76) on July 30, KHR 6,600 (US$!.62) on July 31, and KHR 6,400 (US$1.57) on August 1, according to data to data from the Cambodia Exchange (CSX) website. Phnom Penh Securities explained that this price fluctuation was result of speculators selling the stock that they had bought at the lower price a during the week. … Pressure from the sellers pushed the price back down. While the price fluctuated somewhat, trading volumes did as well. On July 26, around 44,000 shares traded, generating about KHR 293 million (US$72,000). The next day, volume shot up to around 63,000 generating about KHR 428 million (US$105,000). One day later, the amount of stock traded dropped to around 43,000 shares, resulting in around KHR 292 million (US$ 72,000). Then, on July 31, it continues to decrease to around 27,000 shares, generating only around KHR 178 million (US$ 44,000). The last day of the week, the volume increased to 39,000 shares, which created KHR 251 million (US$ 62,000). The week’s main players were Golden Fortune Securities, who was the most active participant over the whole week. ACLEDA Securities and Sonatra Securities were active in the early part of the week.
