MAEX records high trading volume in bullish stock market

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Share traders gather attentively in front of the trading index panel at the Yangon bourse.

Myanmar Agro Exchange Public Co Ltd (MAEX) was listed on 3 July 2023 and had the highest trading volume among the eight listed companies on the Yangon Stock Exchange in July. The equity market showed an upward trajectory with a total trading value of K2.068 billion from 958,368 shares traded last month (July), as per the monthly report released by the exchange.
The base price of MAEX is K1,800 per unit. The share is traded between the upper limit (K2,050) and the lower limit (K1,550) based on supply and demand.
At present, shares of eight 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), Amata Holding Public Co Ltd (AMATA) and MAEX were traded in the security market.
The total trading volumes were recorded 11,678 shares of FMI worth K94.753 million, 68,043 shares of MTSH worth K193.304 million, 43,324 shares of MCB worth K311.93 million, 121,267 shares of FPB worth over K182.5 million, 1,653 shares of TMH worth K4.07 million, 11,036 shares of EFR worth K25.99 million, 2,573 shares of AMATA worth K12.44 million and 698,794 shares worth $1.24 billion respectively last month.
Mainboard trading (continuous and block trading) of 81,410 shares valued at K352.995 million were 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 trading of 112,465 shares with an estimated value of K401.83 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 a high of K746.414 million with 206,414 shares in May. A trading value of over K454.893 million from 201,701 shares was recorded in June.
The share prices per unit stood at K8,400 for FMI, K2,950 for MTSH, K7,100 for MCB, K1,450 for FPB, K2,350 for TMH, K2,400 for EFR and K4,900 for AMATA and K1,850 for MAEX on the last day of July 2023.
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.
Additionally, YSX welcomes group tour programs from Universities and Private Educational Institutes across the country. For enquiries, please contact YSX Ph: 01 3371274.
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

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