The value of stocks traded on the Yangon Stock Exchange (YSX) reached the highest stock trades in September 20199 ตุลาคม 2562
The value of stocks traded on the Yangon Stock Exchange (YSX) hit a peak of K2.47 billion this year in September with 421,358 shares traded on the exchange, according to the monthly report of the 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 stock exchange.
In January, 89,576 shares worth K526 million were traded on the exchange, and the trade value slid to K409 million and K396 million in February and March, as share prices fell. In April, 102,682 shares worth K506 million were traded on the YSX. Starting from May, the value of shares traded crossed K1 billion. It touched a new peak of K1.4 billion with 275,325 shares traded in May, K1.32 billion with 233,994 shares traded in June, K1.22 billion with 256,241 shares traded in July, and K1.9 billion with 322,176 shares traded in August.
In September, the shares of FMI closed at K12,000, MTSH at K4,100, MCB at K8,200, FPB at K26,000, and TMH at K3,000. The volume of trade was the highest this year so far.
The YSX was launched three years ago to improve the private business sector. It disseminates rules and regulations regarding the stock exchange and knowledge of share trading through Stock Investment Seminars.
The YSX has doubled its stock trade matching time from two to four per day. In addition to this, it held a promotional event to attract new investors and encourage existing investors to trade more actively. The YSX has also sought the government’s support to get more public companies to participate in the stock market and to help more institutional investors, such as financing companies, investment banks, and insurance companies, to emerge. Additionally, the Securities and Exchange Commission of Myanmar, under the Ministry of Planning and Finance, issued a press statement on 12 July, announcing that foreigners would be allowed to invest in shares listed on the YSX within three months.
The YSX and the Securities Companies will monitor the daily trades of foreigners, in keeping with the rules and regulations, so that they do not exceed the shareholding limit set for each listed company.
With the aim of increasing the number of individual investors in Myanmar’s financial market, support the growth of business enterprises, develop the ecosystem of the Myanmar capital market, and bring about financial literacy among people, the YSX Expo 2019 was held on 1 September at the Novotel Yangon Max Hotel, according to the YSX.
In 2016, shares of only three companies were traded on the YSX — First Myanmar Investment, Myanmar Thilawa SEZ Holdings, and Myanmar Citizens Bank. One more public company, First Private Bank, was listed on the YSX in 2017. Last year, TMH Telecom Public Co Ltd debuted on the exchange.
More than 2.5 million shares of three listed companies were traded on the YSX in 2016, and their value was estimated at K70 billion. In 2017, despite an increase in the stock trading volume to 2.6 million shares, the trade value was only K22 billion. In 2018, 2.3 million shares of five companies, worth K11.5 billion, were traded on the exchange, according to the annual report of the YSX. — GNLM (Translated by Ei Myat Mon)
(The Global New Light of Myanmar: https://www.globalnewlightofmyanmar.com/ysx-records-highest-stock-trades-in-september/ )