YSX stock trading value in 2017 falls to one-third of 2016

People walk in front of the YSX in downtown Yangon.  Photo: Phoe Khwar
People walk in front of the YSX in downtown Yangon.  Photo: Phoe Khwar

The stock traded by four companies listed on the Yangon Stock Exchange (YSX) in 2017 reached Ks22 billion, which was one third of the trading in 2016.
More than 2.5 million shares were traded in 2016, their value estimated at Ks70 billion. In 2017, despite an increase in the stock trading volume to 2.6 million shares, the trading value was only Ks22 billion, according to YSX statistics.
The stock trading value hit the highest point at Ks3.4 billion in March, whereas December’s trading reached an all-time low of some Ks850 million.
Previously, YSX was seen trading shares of only three companies — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH) and Myanmar Citizens Bank (MCB). Although one more public company, First Private Bank (FPB), entered the YSX market in 2017, stock prices are still on the decline.
The single share price of FMI fell from Ks14,000 on 2 January, 2017 to Ks12,000 on 29 December, 2017.
The share price of MTSH decreased from Ks4,500 on 2 January, 2017 to Ks3,000 on 29 December, 2017. MCB’s price is also down from Ks9,600 to Ks8,200. YSX failed to attract local stock traders despite several publicity discussions, expos and educational talks about the stock market. YSX was bitterly criticised for remaining a cool market and dropping the share prices of the listed companies. –GNLM

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