The share price of First Myanmar Investment (FMI) was on the decline for a month but then rebounded to Ks15,000 on Wednesday at Yangon Stock Exchange (YSX), according to the market statistics of YSX.
FMI share price hit its highest markof Ks41,000 on 29th and 30th March 2016. The price hit a low of Ks15,500 per share on 25th Nov 2016. FMI’s share price then started a downward trend in December, plunging down to Ks13,500 per share on 30th Dec 2016.
The share price climbed back up to Ks15,000 on Wednesday. The FMI share price remained unchanged at Ks15,000 yesterday.
There are four companies trading shares on YSX; FMI, Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB) and First Private Bank (FPB).
The total stock trading volume yesterday hit a low of 12,061 shares when compared to those during this week, with share volumes of 14,770 on Monday, 18,186 on Tuesday and 17,689 on Wednesday.
Yesterday, FMI traded 1,669 shares while 9,513 shares of MTSH, 25 shares of MCB and 854 shares of FPB were traded on YSX, with the share price of Ks15,000 for FMI, Ks4,100 for MTSH, 8,900 for MCB and 31,000 for FPB at closing time.