Yangon Stock Exchange (YSX) doubles stock trade matching from two to four times

The Yangon Stock Exchange (YSX) will double its stock trade matching times to four from two previously, pending confirmation from the Securities and Exchange Commission of Myanmar (SECM), according to a statement issued by the exchange yesterday.

The new stock trade matching times will now be 10 AM, 11 AM, 12 PM and 1 PM. Currently, stock orders are matched at11 AM and 1 PM.

It is the second time the exchange has increased matching times, which is the process of matching buy orders to sell orders, since opening for business in 2016. It increased matching times to twice a day last August. 

The move is aimed at boosting activity on the YSX, both in terms of the volume of shares traded and the number of investors participating on the exchange.

Trading on the YSX has fallen sharply over the past year despite the listing of a fifth company, TMH Telecom Public Co, on the exchange in January. At yesterday’s close, the Myanmar Stock Price Index ended at 443.43, with just 4,502 shares worth K42.8 million traded. 

The Japan Exchange Group (JPX) and Daiwa Institute of Research have tested the new trade matching times and analysed the results. 

The YSX as well as securities companies involved will now be on standby to conduct trade matching during the four new time slots.  

YSX directors had agreed to the move at a meeting on March 12. U Thet Tun Oo, Executive Senior Manager of the YSX, expects the SECM to approve the move within the next week.

(The Myanmar Times: https://www.mmtimes.com/news/ysx-doubles-stock-trade-matching-four-times.html )

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