MCB stock trading trails two other listed companies

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Visitors having a photo taken at Yangon Stock Exchange in Yangon, on 11 Nov, 2016.

Myanmar Citizens Bank (MCB) hit zero stock trading at Yangon Stock Exchange (YSX) again, drawing little interest from investors when compared to the other two listed companies: First Myanmar Investment (FMI) and Myanmar Thilawa SEZ Holdings (MTSH).
When MCB hit zero again on 22nd December, FMI traded 2,160 shares at Ks15,000 and MTSH traded 12,860 shares at Ks4,600. A total of 15,020 shares worth Ks92,073,000 were traded and the figure is up compared to that on 21st December despite zero trading volume of MCB and Myanmar Stock Price Index (MYANPIX) is 617.13, according to the statistics of YSX.
The share price of FMI slipped to Ks15,000 from Ks15,500 and MTSH’s share price slumped by Ks100 in comparison with that of 21st December.
On 21st December, the stock trading of the three listed companies at YSX hit Ks85,930,100, with a total trading volume of 11,947 shares.
Out of the three listed companies, FMI and MTSH garner more interest. The shareholders are selling their shares without purchasing the new ones, said a shareholder.
First Private Bank will reportedly commence its stock trading in YSX at the end of December.

 

Ko Htet

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