Trading on YSX increases in February, crossing K1.48 bln

Visitors seen at Yangon Stock Exchange in downtown Yangon. Photo: Phoe Khwar
Visitors seen at Yangon Stock Exchange in downtown Yangon. Photo: Phoe Khwar

The value of stocks traded on the Yangon Stock Exchange (YSX) last month was registered at K1.48 billion, a significant increase compared toK1.25 billion in January 2020, according to the monthly report released by the exchange.
Compared with January, the volume of shares traded on the exchange showed a small drop in February. While 188,919 shares were traded on the exchange in February, 196,836 shares were traded in January. Yet, the share prices of MTSH, MCB and TMH showed a slight increase in February, according to the monthly report of 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 February, the shares of FMI closed at K11,000, MTSH at K3,950, MCB at K8,200, FPB at K22,500, and TMH at K2,800 as per YSX’s monthly data.
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 YSX in 2017. In 2018, TMH was listed on the exchange. Additionally, another one more public company the Ever Flow River Group Public Co. Ltd (EFR) (EFR) is going to debut on the exchange on 20 March 2020.
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.
The YSX aims 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, YSX increased the matching time from two to four per day. In addition to this, YSX held a promotional event for investors in order to increase number of new investors and encourage existing investors to trade more actively by letting know them about the financial reviews and 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. – Htet Myat (Translated by Ei Myat Mon)

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