December 22, 2016

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CREATING VALUE — Trading begins in Myanmar’s first stock exchange

Government officials and business people pose for documentary photos at the opening of the Yangon Stock Exchange in Yangon.
Government officials and business people pose for documentary photos at the opening of the Yangon Stock Exchange in Yangon.

THE first stock exchange in Myanmar began trading yesterday with shares of First Myanmar Investment (FMI) available for trading.
Shares of FMI, the first listed company on the Yangon Stock Exchange (YSX), rose to their highest value for K31,000 (US$25.83) per share, closing on the first day with total trading volume of 112,845 shares, valued at K3.498 billion (US$2.908 million).
Over 75 per cent of the electronic trading was made through the KBZSC Securities Co.
People gathered early yesterday morning outside KBZSC Securities Co to buy the shares online, which was conducted separately at 11am and 1pm.
The stock exchange is run by the Yangon Stock Exchange Joint-Venture Company, with a 51 per cent stake owned by the Myanma Economic Bank under Myanmar’s Finance Ministry and the remainder by Japanese partners.

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