Equity market sees highest trading value in May

The equity trading value of the seven listed companies on the Yangon Stock Exchange (YSX) grew in May 2023, according to the monthly report released by the exchange.
Trading of 75,810 shares valued at K310.99 million was recorded on the exchange in January 2023 and the trading volume rose to 122,859 shares in February, with an estimated value of K381.69 million. The equity market saw 95,517 shares with an estimated value of K278.1 million traded on the exchange in March. The trading value touched a low of K175.956 million with 69,365 shares in April. The value reached the highest of K438.319 million with 153,436 shares in May.
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 security market.
The share prices per unit stood at K8,000 for FMI, K2,800 for MTSH, K7,400 for MCB, K1,450 for FPB, K2,500 for TMH, K2,450 for EFR and K5,000 for AMATA in May 2023.
The equity trading volumes were recorded 11,743 shares of FTI worth K95.302 million, 68,267 shares of MTSH worth K194.497 million, 5,888 shares of MCB worth K41.551 million, 62,241 shares of FPB worth over K90 million, 2,543 shares of TMH worth K6.34 million, 1,127 shares of EFR worth K2.8 million and 1,627 shares of AMATA worth K7.7 million respectively last month.
Furthermore, block trading 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.
The Securities and Exchange Commission of Myanmar (SECM) has allowed foreigners to invest in the local equity market since 20 March 2020. Foreign participation would entail better capital inflows, long-term and sustainable investment, encourage good corporate governance, and support market orientation, YSX stated.
Moreover, YSX stock investment virtual series 2022 launched in December through the YSX YouTube channel and other social media platforms every weekend of December 2022, including three sessions; Insights talk with listed companies, Investment presentations by securities companies and Panel discussion with market experts.
The YSX was launched in 2016 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