The year 2025 presented significant challenges globally, with Cambodia notably contending with severe border issues exacerbated by the military of a neighboring country. These geopolitical tensions had tangible impacts across various sectors, including the economy, infrastructure, and tourism. Despite such formidable headwinds, the Cambodia Securities Exchange (CSX) showcased remarkable resilience and sustained growth throughout the year.
According to an official press release from the CSX dated January 14, the total number of new investment accounts reached 14,504 in 2025. This figure represents a substantial increase of 13.8% compared to 2024. The consistent rise in new account openings, coupled with a high number of active investors, clearly indicates growing interest and strong support for Cambodia’s burgeoning securities market.
Investor confidence remained robust, reflected in the average daily trading value, which exceeded 435 million Cambodian Riel, equivalent to approximately $100,000. This stable and active trading environment contributed to a positive movement in the CSX Index, which climbed to 423.06 points, marking a 2.5% increase over 2025.
A noteworthy trend observed was the significant growth in foreign investment. In December 2025 particularly, trading by foreign investors accounted for an impressive 40.16% of the total market activity. Data further revealed that foreign investors purchased 5.42 million shares and sold approximately 5.44 million shares, signaling sustained engagement rather than an exit from the Cambodian market, even amidst global uncertainties.
The CSX also expanded its offerings with new listings in 2025. Picasso City Garden Development Plc (‘Picasso’) successfully listed its equity securities, with trading commencing on December 10. Picasso became the 12th company to list equity securities on the Cambodian Securities Exchange, further diversifying the investment landscape.
Beyond equity, the bond market segment experienced substantial activity. Four companies collectively raised approximately $308 million in 2025. This impressive sum included Donpenh Africa, which successfully mobilized capital on December 30 and subsequently listed its bonds in January. The CSX highlighted this as an unprecedented volume, affirming the securities market’s crucial role as a ‘never-ending source of capital.’ The exchange underscored that participation in Cambodia’s securities market not only provides additional income opportunities for investors but also significantly contributes to the nation’s overall economic development and stability.
Currently, the CSX proudly hosts a total of 26 listed companies: 12 equity-listed firms and 14 bond-listed entities. Over its 12 years of operation, the Cambodian Securities Exchange has facilitated the mobilization of approximately $654 million in investment capital, playing a vital role in fostering economic growth and providing essential funding to local businesses.
