Stock trading value increases by about K100 mln in June: YSX

DSC 0099 0
YSX sees an increase in stock trading last month with total value of K1.3 billion. PHOTO: MNA

The value of shares traded on the Yangon Stock Exchange (YSX) in June slightly rose to K1.3 billion, showing an increase of about K100 million compared with trading value in May, according to a YSX’s monthly report. The trading volume also surged to 221,682 shares in June. In January 2020, 196,836 shares worth K1.25 billion were traded on the exchange while 188,919 shares, with an estimated value of K1.48 billion, were traded on the exchange in February and 228,913 shares valued K1.42 billion were traded in March respectively. It touched the lowest of K902 million with 173,808 shares in April. It rose to K1.2 billion with 200,416 shares being traded in May, the exchange’s monthly report showed. At present, shares of six 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) and the Ever Flow River Group Public Co. Ltd (EFR) are being traded on the exchange. Next, the Securities and Exchange Commission of Myanmar (SECM) allowed foreigners to invest in the local equity market in March 2020. In June, the exchanged witnessed a small increase in share prices of FMI, MTSH and TMH. The share prices of FMI were closed at K10,500 per unit, MTSH at K3,800, MCB at K8,100, FPB at K22,000, TMH at K2,850 and EFR at K2,700 last month.
The YSX was launched three 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. To boost the trading, the YSX has doubled its stock trade matching time from two to four per day last year. The exchange launched 7 times matching per day on 26 March 2020. In addition to this, it has held promotional events to attract new investors and encourage existing investors to trade more actively. The stock exchange has also sought the government’s support to get more public companies to participate in the stock market and help more institutional investors, such as financing companies, investment banks, and insurance companies, to emerge. A total of 2.4 million shares worth K13.39 billion were traded on the YSX in 2019, a significant increase compared to the previous year, according to the annual report released by the exchange. —Ko Htet (Translated by Ei Myat Mon)

Share this post


Hot News
Hot News