The value of traded stocks on the Yangon Stock Exchange (YSX) in September showed a significant decrease, compared to August’s trading.
The figure plunged to an estimated value of Ks954 million, with trading volume of 218,595 shares. August’s trading was registered at 334,367 shares with trading value of Ks1.5 billion, according to monthly trading data released online by 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 YSX.
Stock trading values of the listed companies were registered at Ks1.21 billion in January, Ks 746 million in February, Ks778 million in March, Ks875 million in April, Ks869 million in May, all-time new low of Ks666 million in June, Ks1.23 billion in July and the highest of Ks1.5 billion in August.
This year, YSX increased the matching time from two to four per day. In addition to this, in order to increase the number of new investors and encourage existing investors to trade more actively by letting them know about financial review and future prospects of YSX’s listed companies, YSX held a promotional event for investors.
YSX still fails to attract local stock traders even after publicity discussions, expo and educative talks of stock market.