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June 18, 2019

May YSX Stock trading value registered the highest this year

Visitors seen at Yangon Stock Exchange in downtown Yangon. Photo- Phoe Khwar

Stock trading of 275,325 shares by five companies listed on the Yangon Stock Exchange (YSX) in May reached a five-month high of K1.4 billion, according to YSX monthly report.
The figure doubled over last month’s record of K506 million with 102,682 shares; while trading value in January was registered at K526 million with 89,576 shares and trading values slid to K409 million and K396 million in February and March respectively as the share price decreased.
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 YSX.
In May, the share prices were closed at K11,000 for FMI, K3,200 for MTSH, K7,700 for MCB, K22,000 for FPB and K3,000 for TMH. Stock trading in May saw increase in share prices compared to April’s.
YSX was launched three years ago with a view to enhance private business sector. We will disseminate the rules and regulations of stock exchange at the upcoming Monywa Stock Investment Seminar which will be held on 9 June, 2019, said U Thet Tun Oo, executive senior manager of YSX.
YSX increased the matching time from two to four per day. In addition to this, YSX held a promotional event for investors in order to increase number of new investors and encourage existing investors to trade more actively. YSX called for government’s support in order to entice more public companies to participate in stock market and more institutional investors such as financing companies, investment banks, insurance companies to emerge.
In 2016, YSX was seen trading shares of only three companies — First Myanmar Investment, Myanmar Thilawa SEZ Holdings and Myanmar Citizens Bank. One more public company, First Private Bank, entered the YSX market in 2017. Last year saw a new entry of TMH Telecom Public Co. Ltd on YSX.
More than 2.5 million shares were traded by three listed companies on YSX in 2016, their value estimated at K70 billion. In 2017, despite an increase in the stock trading volume to 2.6 million shares, the trading value was only K22 billion. Five companies traded K11.5 billion worth 2.3 million shares on YSX in 2018, according to annual report of YSX.—GNLM (Translated by Ei Myat Mon)

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