Yangon Stock Exchange (YSX) will lower brokerage fees by early of August to attract more investors

In order to lure in and attract more investors, Yangon Stock Exchange (YSX) will lower brokerage fees. This change in fees was announced by Securities and Exchanges Commission of Myanmar (SECM)’s on July 24, and will hopefully move the country forward and help its development.

Before this change in brokerage fees, companies charged by certain security companies for trading were much higher. The previous fees included: K5,000 for trading under K500,000, 1 percent for trading from K500,000 to K1 million, 0.8 percent for K1 million to 10 million, 0.6 percent for K10 million to K100 million and 0.5 percent for above K100 million.

Now they have been reduced to, 1 percent for trading worth K500,000 to K1 million, 0.7 percent for K1 million to 10 million, 0.5 percent for K10 million to 100 million and 0.4 percent for above K100 million.

So far, there are five listed companies and six security companies involved in the Yangon Stock Exchange. The security companies are; KBZ Stirling Coleman Securities Company, Myanmar Securities Exchange Centre Company, AYA Trust Securities Company, CB Securities Company, KTZ Ruby Hill Securities’ Company and Amara Investment Securities Company, according to SECM’s official website.

Moreover, in order to lure in interests to YSX, tax that traders shall pay was reduced to 0.1 percent of a particular trading from 0.3 percent in 2016.

(Myanmar Business Today: https://www.mmbiztoday.com/articles/ysx-lower-brokerage-fee-early-august )

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