Stock trades on YSX cross K1.25 bln in Jan

Visitors seen outside Yangon Stock Exchange in Yangon.  hoto: Phoe Khwar
Visitors seen outside Yangon Stock Exchange in Yangon.  Photo: Phoe Khwar

In the month of January, 196,836 shares worth around K1.25 billion were traded on the Yangon Stock Exchange, according to the monthly report of the YSX. Currently, shares of five listed companies are being traded on the exchange.
The five companies listed on the exchange are: First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB), First Private Bank (FPB), and TMH Telecom Public Co. Ltd.
Last month, the price per share closed at K11,500 for FMI, K4,000 for MTSH, K8,400 for MCB, K23,000 for FPB, and K2,850 for TMH on the exchange.
A total of 2.4 million shares worth K13.39 billion were traded on the Yangon Stock Exchange (YSX) in 2019, a significant increase compared to the previous year, according to the annual report released by the exchange.
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 seminars.
In 2018, the exchange increased the stock trade matching time from two to four per day. In addition, it held a promotional event for investors in order to increase the number of new investors and encourage existing investors to trade more actively by offering financial reviews and information on the future prospects of YSX-listed companies.
The YSX has also sought the government’s support to get more public companies to participate in the stock market and to help more institutional investors, such as financing companies, investment banks, and insurance companies, to emerge.
In 2016, shares of only three companies were traded on the YSX — FMI, MTSH, and MCB. One more public company, FPB, was listed on the exchange in 2017. TMH debuted on the exchange in 2018.
More than 2.5 million shares of three listed companies were traded on the YSX in 2016, and their value was estimated at K70 billion. In 2017, despite an increase in the stock trading volume to 2.6 million shares, the trade value was only K22 billion. In 2018, 2.3 million shares of five companies, worth K11.5 billion, were traded on the exchange, according to the annual report of the YSX.  — Htet Myat (Translated by Ei Myat Mon)

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