柬证交所展现出韧性，预计2025年将保持稳步增长

Core Insights - The Cambodian Securities Exchange (CSX) demonstrates resilience and steady development in 2025 despite global economic uncertainties and domestic challenges [1][2] - Investor confidence remains strong, with a notable increase in new trading accounts and stable trading activity throughout the year [1] Group 1: Market Performance - In 2025, the number of new trading accounts reached 14,504, representing a growth of 13.8% compared to the previous year [1] - The average daily trading volume exceeded 4.35 billion riels, approximately $10.8 million, indicating stable trading activity [1] - The CSX index rose to 423.06 points, with an annual increase of 2.5% [1] Group 2: Foreign Investment - Foreign investor participation improved, with their trading volume accounting for 40.16% of the total market turnover in December 2025 [2] - Throughout the year, foreign investors bought approximately 5.42 million shares and sold about 5.44 million shares, indicating a balanced supply-demand scenario [2] Group 3: Market Expansion - The CSX continues to expand its product offerings, with Picasso City Garden Development Plc. becoming the 12th listed company on the exchange in December [2] - In 2025, four companies successfully raised around $308 million in the bond market, highlighting the securities market's role as a reliable long-term financing source [2] - The overall performance in 2025 reflects the stability, trust, and support of both domestic and foreign investors in the Cambodian securities market [2]