Most shares traded yesterday belonged to Sihanoukville Autonomous Port
The total value of traded shares surpassed $30 million, the highest ever at the Cambodian stock exchange, CSX said.
“Of this, only 0.02 billion riel was traded through the Auction Trading Method (ATM). The rest was traded using the Negotiated Trading Method (NTM),” CSX said.
“This was the second time trade is conducted through NTM in 2019, but it was the fourth since the method appeared in the local market in early 2018,” CSX said.
“If a buyer wants to buy or sell stock but there is no counterparty, they normally need to place the order at the market. This is done through the Auction Trading Method or ATM.
“However, say one wants to buy or sell a large amount, say millions of shares. To increase the likelihood of the purchase happening, they need to find major shareholders and negotiate the deal. Usually, a broker can help.”
The CSX yesterday saw its largest trade volume in history with more than $30 million in shares exchanged
She said large transactions are done by institutional investors who decide to buy a big portion of a company believing it has long-term growth potential.
“All we can say is that most buyers were Japanese institutional investors,” she said.this news from khmertimeskh.com
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