CSX extends trading hours

The movement, approved by the Securities and Exchange Commission of Cambodia earlier this month, was publically announced during a press conference on Tuesday.

The local stock market will now be open seven hours a day, from 8 am to 3 pm. Before the move, trading sessions were just 3.5 hours long

The new timetable will come into effect on Monday.

Hong Sok Hour, CSX CEO, said the move follows an increase in public awareness of the industry and remarkable hikes in the trading volume year after year.

On average, $500,000 worth of shares were traded every day during the second quarter of the year. The total number of trading accounts has risen from just 5,577 in 2013 to 21,471 now, Mr Sok Hour noted.

“With the new trading hours, CSX expects several positive outcomes as a result of longer access to the market,” Mr Sok Hour said

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