November 22, 2016

Breaking News

MCB hits zero trading volume on 21 November at YSX

People look at an electronic board showing stock information at YSX in Yangon on 11 Nov.
People look at an electronic board showing stock information at YSX in Yangon on 11 Nov.

The trading volume of Myanmar Citizens Bank (MCB) hit zero at Yangon Stock Exchange (YSX) on 21st November and share prices of First Myanmar Investment (FMI) and Myanmar Thilawa Special Economic Zone (MTSH) were on the decline, according to the stock trading data of YSX.
MCB has attracted not much interest compared to other two listed companies at YSX. The recorded lowest trading volumes of MCB were 22 shares on 16th November and zero on 21st November, whereas the highest stock trading price was Ks13,500 on 30th August.
FMI share trading price was stable at Ks16,500 in early November and slipped to Ks16,000 on 21st November, with a trading volume of 3,948 shares. Meanwhile the price of MTSH shares was Ks4,800 per share on 21st November, with a total trading volume of 13,470 shares.
Nevertheless, MCB managed to raise its share trading on 22nd November with a trading volume of 122 shares at Ks9,400 per share. FMI traded 2,495 shares with a price of Ks16,000 per share and 16,840 shares of MTSH were traded on 22ndNovember, with a price of Ks4,700 per share, according to YSX.
First Private Bank is planned to commence its share trading in December after amendments of Memorandum and Article of association. The First Private Bank has reportedly submitted Disclosure Document for Listing at YSX, it is learnt.

 

 

Mon Mon

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