Cambodia bourse sees first bank listing

Cambodia’s largest commercial bank listed on the country’s stock market Monday, the first lender to trade on the fledgling exchange, despite uncertainty caused by the coronavirus pandemic.

Acleda Bank became the sixth firm to join the Cambodia Securities Exchange (CSX), which opened in 2011, joining a garment factory, two state-owned ports, and a special economic zone.

But initial fanfare for the kingdom’s trading future has dimmed, with the country’s lack of financial literacy and a dearth of eligible companies being major obstacles.

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