Thursday, April 19, 2012

Cambodian bourse in long-awaited first day of trade

18 April 2012
AFP

PHNOM PENH: The Cambodia Securities Exchange (CSX) finally began trading shares on Wednesday nine months after it officially opened, when a water monopoly became the first firm to list.
Trading symbolically started at 09:09 am local time (0209 GMT) — the number nine is considered lucky in Cambodia — and will finish at noon. Normal trading hours will be from 08:00 am until 11:30 am.
Cambodia launched the bourse to great fanfare in July 2011, after numerous delays because of the global financial crisis and regulatory hurdles.
But no firms were ready to list on the market

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