YSX sees bull market in June

The continuous and block trading of the seven listed companies on the Yangon Stock Exchange (YSX) showed uptick in June 2023, according to the monthly report released by the exchange.
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 security market.
The equity trading volumes were recorded 11,450 shares of FMI worth K91.51 million, 42,496 shares of MTSH worth K122.07 million, 1,938 shares of MCB worth K14.03 million, 137,895 shares of FPB worth over K202.42 million, 1,615 shares of TMH worth K3.91 million, 4,029 shares of EFR worth K9.98 million and 2,278 shares of AMATA worth K10.97 million respectively last month.
Continuous trading of 75,810 shares valued K310.99 million were recorded on the exchange in January 2023 and the trading volume rose to 122,859 shares in February, with an estimated value of K381.69 million. The equity market saw 95,517 shares with an estimated value of K278.1 million traded on the exchange in March. The trading value touched a low of K175.956 million with 69,365 shares in April. The value reached the highest of K438.319 million with 153,436 shares in May. Trading value of over K422.732 million from 179,521 shares were recorded in June.
The share prices per unit stood at K8,000 for FMI, K2,850 for MTSH, K7,200 for MCB, K1,500 for FPB, K2,450 for TMH, K2,400 for EFR and K5,000 for AMATA in June 2023.
Furthermore, block trading of YSX can be done with the minimum order quantity (10,000 stocks) or with the stocks of trading value of K30 million starting from 1 September 2022.
The Securities and Exchange Commission of Myanmar (SECM) has allowed foreigners to invest in the local equity market since 20 March 2020. Foreign participation would entail better capital inflows, long term and sustainable investment, encourage good corporate governance, and support market orientation, YSX stated.
Moreover, YSX stock investment virtual series 2022 launched in December through YSX YouTube channel and other social media platforms on every weekend of December 2022, including three sessions; Insights talk with listed companies, Investment presentations by securities companies and Panel discussion with market experts.
The YSX was launched in 2016 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. — KK