ACLEDA Bank Plc, Cambodia’s largest commercial bank and the Securities and Exchange Commission of Cambodia (SECC) held a seminar which focused on profitable investment opportunities in the securities sector for investors and the public.
The seminar was designed to equip investors and interested members of the public with the knowledge for gaining better insights into profitable investment opportunities in securities sector, prerequisite strategies for securities trading, foundation for securities investment, regulatory updates, and infrastructure of securities market as well as the development of ACLEDA Bank Plc, said Dr In Channy, President & Group.
He said that at present, the Cambodia Securities Exchange (CSX) is in a very attractive stage for the public at large. In particular, ACLEDA Bank Plc., which has recently been listed on the CSX, as it provides considerable benefits to investors who have invested in a stake in the bank by buying-selling the Bank’s shares listed on the CSX,” Dr Channy said.
“I have a strong hope that after the eminar, many investors and the public too will be interested in investing in the securities sector in Cambodia and the number of investors and trading volume will increase substantially in time to come,” he added.
SECC’s deputy general director, Chhun Sambath, said that investors and the public will gain more knowledge on the mechanisms and strategies needed to benefit from trading in the stock market.
He added that investing in securities and trading in the market demands a certain set of skills and knowledge as well as the proper strategy.
Sambath said trading in the stock exchange is very different from trading in the property and real estate sector. “We have to have the right strategies and basic knowledge on the targeted stocks, its movements over a period of time and subsequently trading in them,” he added.
“I hope that through the seminar and training, more trading activities in the securities market will arise and with the cooperation of ACLEDA Bank, it will boost the market and build trust with the public and hopefully, investors will be drawn to join the market with confidence.” he added.
ACLEDA’s trading volume (share) was 9,504 on October 23 with a trading value of 163.39 million riel in the CSX at its closing last Friday. The total trading value surged to 409.32 million riel. ABC’s closing price was 17,200 riel per share on Friday last week
Through the local bourse, ACLEDA Bank has another alternative source of raising funds, and this is a gateway to gain the source of funds locally and sustainably, said ACLEDA Bank’s Executive Vice- President and Group Chief Operations Officer Mar Amara.
“There is an increased level of participation from the individual investors as they are confident in ACLEDA Bank’s operations and performance, so they support the bank. Therefore, when the bank wants to expand its presence to the region in the future, we will have existing customers to support the growth,” said Amara.
She added that the bank welcomes all investors to join the market and be ACLEDA bank shareholders.
This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.
