Yangon Stock Exchange sees three-month high in trading value in May

The equity market records a three-month high in trading value in May, Yangon Stock Exchange’s monthly price data indicated.
Last month, the average stock trading value was K20 to K30 million. The stock market trading in May was alive compared to that of 2021, said a market observer.
In May, K314 million worth 55,024 shares by seven listed companies were traded on the YSX.
Trading of 61,435 shares valued at K282 million was recorded on the exchange in January 2022 and the trading volume rose to 80,291 shares in February, with an estimated value of K414.9 million. A total of 52,408 shares with an estimated value of K233.634 million were traded on the exchange in March. The trading value slightly rose to K276 million with 53,059 shares traded on the exchange in April, according to the monthly report of the YSX.
At present, shares of seven 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), the Ever Flow River Group Public Co., Ltd (EFR) and Amata Holding Public Co., Ltd. (AMATA) were traded in the equity market. The share prices per unit were closed at K7,600 for FMI, K2,650 for MTSH, K8,500 for MCB, K17,500 for FPB, and K2,600 for TMH, K2,550 for EFR and K5,000 for AMATA respectively in May.
Regardless of the collapse of the stock markets worldwide, the local equities market has been able to continue operating without stopping trading.
Additionally, YSX launched a pre-listing board (PLB) on 28 September 2020 in order to provide unlisted public companies with fund-raising opportunities and build a bridge toward listing on YSX.
Next, the Securities and Exchange Commission of Myanmar (SECM) has allowed foreigners to invest in the local equity market since 20 March 2020.
Only K4.63 billion valued in 887,969 shares by seven listed companies were traded on the exchange in 2021, showing a significant drop of 63 per cent as against 2020, according to the annual report released by the exchange.
In 2020, K12.6 billion worth of 1.87 million shares by six listed companies were traded on YSX, whereas over 2.4 million shares from five listed companies, valued at K13.39 billion, were traded on the exchange in 2019.
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 webinars and training courses.
Those enthusiastic can also join the YSX Telegram channel to get easy access to daily stock market updates, event info, market research and investor learning tips. — KK/GNLM