FPB share price reaches its lowest rate of Ks32,000

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Visitors look at the electronic board showing the stock information at Yangon Stock Exchange on 6 January 2017. Photo: Phoe Khwar

The share price of First Private Bank (FPB) hit its lowest rate, Ks32,000, on 30th January after commencing its stock trading on 20th January as the fourth company to list at the Yangon Stock Exchange (YSX), according to the statistics of the YSX.
The base price of FPB was set at Ks39,000, whereas the upper limit price was Ks44,000 and the lower limit price was Ks34,000, according to an announcement by FPB on 19th January. The share price fell to Ks32,000 on 30th January with trading volumes of 1,938 shares.
Similarly, the total trading volumes of the shares plunged down to the lowest when compared to the trading volumes of the previous week after FPB entered YSX.  The trading volumes were 19,050 shares on 20th, 23,224 shares on 23rd, 20,536 shares on 24th, 16,988 shares on 25th, 31,125 shares on 26th and 20,488 shares on 27th, according to the statistics of YSX.
On 30th January, a total of 6,910 shares worth Ks97,545,200 were traded on YSX, with 1,650 shares of First Myanmar Investment (FMI), 3,122 shares of Myanmar Thilawa SEZ Holdings (MTSH), 200 shares of Myanmar Citizens Bank (MCB) and 1,938 shares of FPB.
The share prices on 30th Jan were Ks14,000 for FMI, Ks4,100 for MTSH, Ks8,700 for MCB and Ks32,000 for FPB.—Ko Htet

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