Trading on YSX dips in June


In the month of June, 233,994 shares of five companies listed on the Yangon Stock Exchange, worth around K1.32 billion, were traded on the exchange, according to the monthly report of the YSX. The trade volume was lower than May, when 275,325 shares were traded on the exchange.
The value of shares traded was the highest this year in May at K1.4 billion, according to the YSX report. In January, 89,576 shares worth K526 million were traded on the exchange, and the trade value slid to K409 million and K396 million in February and March, respectively, as share prices decreased. In April, 102,682 shares worth K506 million were traded on the YSX.
At present, shares of five listed companies — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB), First Private Bank (FPB), and TMH Telecom Public Co. Ltd. — are being traded on the stock exchange.
In June, the shares of FMI closed at K11,500, MTSH at K3,400, MCB at K7,900, FPB at K24,000, and TMH at K3,050. While the volume of trade was lower in June compared to May, the price of shares registered an increase.
“The YSX was launched three years ago to improve the private business sector. We will disseminate the rules and regulations of the stock exchange at the upcoming Monywa Stock Investment Seminar, which will be held on 9 June,” said U Thet Tun Oo, executive senior manager, YSX.
The YSX has increased the matching time of stock trading from two to four per day. In addition to this, it also held a promotional event to attract new investors and encourage existing investors to trade more actively. 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, insurance companies, to emerge.
In 2016, shares of only three companies were traded on the YSX — First Myanmar Investment, Myanmar Thilawa SEZ Holdings, and Myanmar Citizens Bank. One more public company, First Private Bank, was listed on the YSX in 2017. Last year, TMH Telecom Public Co. Ltd debuted on the exchange.
In 2016, more than 2.5 million shares of three listed companies were traded on the YSX, and their value was estimated at K70 billion. In 2017, despite an increase in the stock trading volume to 2.6 million shares, the trading 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. – GNLM
(Translated by Ei Myat Mon)

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