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February 28, 2018

Profit and loss statements of YSX listed companies to be released at end of fiscal year

A boy walks outside the Yangon Stock Exchange.
A boy walks outside the Yangon Stock Exchange.

The companies approved to trade shares at the Yangon Stock Exchange (YSX) will have to release statements of profit and loss so that those who want to purchase their stocks can make intellectual investments, according to an announcement released by the Securities and Exchange Commission of Myanmar.
Currently, the three approved companies — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings and Myanmar Citizens Bank (MCB) are trading their stocks at YSX. Seven companies are listed to make trades at YSX.
The rise in stock trading is expected to reduce the country’s inflation rate. Private companies are also making a concerted effort to enter YSX, said a businessman.
The prices of shares were Ks20,000 per unit of FMI and Ks43,000 per unit of MTSH at the end of August. The price of FMI shares was Ks19,000 per unit whereas MTSH is Ks43,000 per unit on 8th September. On the same day, MCB shares fetched Ks9,400 per unit. MTSH shares are stable but the shares of FMI and MCB have had changes of Ks500-600, according to Yangon Stock Exchange website.




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