Equity market hits record trade in Sept

The equity market witnessed the highest trading value in August 2022 with 109,809 shares worth K370 million, the Yangon Stock Exchange’s monthly price data indicated.
The stock trading value of seven listed companies on the YSX rose last month as well.
At present, shares of seven listed companies — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB), First Private Bank (FPB), TMH Telecom Public Co Ltd (TMH), the Ever Flow River Group Public Co Ltd (EFR) and Amata Holding Public Co Ltd. (AMATA) were traded in the equity market.
The share prices per unit were closed at K9,600 for FMI, K3,600 for MTSH, K7,700 for MCB, K20,000 for FPB, K2,700 for TMH, K2,750 for EFR and K5,000 for AMATA respectively in September.
Trading of 61,435 shares valued at K282 million was recorded on the exchange in January 2022 and the trading volume rose to 80,291 shares in February, with an estimated value of K414.9 million. A total of 52,408 shares with an estimated value of K233.634 million were traded on the exchange in March. The trading value slightly rose to K276 million with 53,059 shares traded on the exchange in April. The equity market saw K314 million worth 55,024 shares traded in May, K200.63 million worth 40,062 shares in June, K246.9 million worth 72,843 shares and K370 million worth 109,809 shares in August, according to the monthly report of the YSX.
Regardless of the collapse of the stock markets worldwide, the local equities market has been able to continue operating without stopping trading.
Additionally, YSX launched a pre-listing board (PLB) on 28 September 2020 in order to provide unlisted public companies with fund-raising opportunities and build a bridge toward listing on YSX.
Furthermore, block grading of YSX can be done with the minimum order quantity (10,000 stocks) or with the stocks of trading value of K30 million starting from 1 September 2022.
Next, the Securities and Exchange Commission of Myanmar (SECM) has allowed foreigners to invest in the local equity market since 20 March 2020.
The YSX was launched four years ago to improve the private business sector. It disseminates rules and regulations regarding the stock exchange and knowledge of share trading through stock investment webinars and training courses. – KK/GNLM

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