Trading on Yangon Stock Exchange (YSX) reached K 1.92 billion in August 2019 which is marked a new high in month-on-month trading for the year

Trading on the Yangon Stock Exchange (YSX) reached K1.92 billion in August 2019, marking a new high in month-on-month trading for the year, according to market data released by the exchange.

January saw trades worth K520 million, but volume went slightly down in February landing at K400 million. The volume of trade in March was the lowest with trade totaling only K390 million, but picked back up in April with K500 million. Things really took off in May with K1.4 billion worth of trades, K1.3 billion in June and K1.2 million in July. However, trade in August was K740 million higher than the amount of trade in July.

Out of the five listed companies at Yangon Stock Exchange, shares of First Myanmar Investment (FMI) and Myanmar Thilawa SEZ Holding (MTSH) were traded most. 97,891 shares of FMI valued over K794 million in total were traded at YSX during that period, while over 20,000 shares worth over K790 million were traded.

Myanmar Citizens Bank saw over 5,900 shares, valued over K 49 million, being traded at the stock exchange. Over 7,200 shares of First Private Bank were traded during the eight months period, and TMH Telecom Public had over 40,000 of its shares traded.

As of the last week of August, FMI’s shares were traded at K12,000 per share; MTSH’s K4,100 per share; Myanmar Citizens Bank’s at K8,400 per share; First Private Bank’s at K26,000; and TMH’s at K3,050.

This year marks the lowest trading since the opening of YSX, which was launched in December 2015 with K32 billion of capital. Daiwa Institute owned 30.5 percent of YSX while Myanmar Economic Bank owned by 51 percent and 18.5 percent by Japan Exchange Group.

However, we expect trading to eventually increase both in the short- and long-term outlooks.

The Myanmar government has been working hard to liberalize the banking sector and insurance sectors, allowing foreign owned banks to formally operate in the country.

Back in July, the Myanmar Security Exchange Commission (MSEC) issued an order allowing foreigners to conduct trading on the Yangon Stock Exchange. They did not specify an exact date for start of the liberalizing of the stock market, however, when it happens it should help the exchange take off.

We also expect to see more companies joining the exchange, including wholly foreign-owned companies. 

To find out more about the YSX, please visit the website: http://ysx-mm.com

(Myanmar Business Today: https://www.mmbiztoday.com/articles/yxs-trade-reaches-k192-billion-august-future-looks-bright )

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