YSX stock trading value drops in Jan 2018

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A man looks at the LED board showing the stock exchange rates at YSX, in Yangon.

Despite the debut of TMH Telecom Public Co. Ltd. on the Yangon Stock Exchange
(YSX), the trading of stock by five companies listed on YSX in January 2018 reached Ks1.21 billion, a decrease by half, as compared to the last Fiscal Year (FY).
In the similar period last year, the value of traded stock was Ks2.82 billion. The decline in stock-trading value was attributed to decreasing share prices.
TMH Telecom Public Co. Ltd. debuted on the Yangon Stock Exchange (YSX) on 26 January, 2018, trading some 9,788 shares, valued at Ks31.4 billion. The base price of TMH is Ks3,000, which is much lower than those of four other listed companies. A unit of TMH shares now costs Ks3,100.
Shares of five listed companies—First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB), First Private Bank (FPB) and TMH—are currently being traded on YSX.
A single share price of FMI declined from Ks14,000 on 2 January, 2017, to Ks12,000 on 29 December. A share price of MTSH decreased from Ks4,500 on 2 January to Ks3,000 on 29 December. MCB’s price also declined from Ks9,600 to 8,200.
More than 2.5 million shares were traded in 2016, with estimated values of Ks70 billion. In 2017, despite the increase in stock-trading volume of 2.6 million, trading value was only Ks22 billion, according to YSX’s statistics.
The stock-trading value hit the highest point of Ks3.4 billion in March, whereas trading in December reached an all-time low of some Ks850 million.
YSX failed to attract local stock traders, even after publicity campaigns and discussions, expos and educational talks about the stock market. YSX was criticized and had to face a cool market, while reducing the share prices of listed companies. —GNLM

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