October 21, 2017

Share prices at YSX hit record low on Tuesday

Yangon Stock Exchange center opened by government officials in Yangon, on 9 December 2015.
Yangon Stock Exchange center opened by government officials in Yangon, on 9 December 2015.

SHARE prices at the Yangon Stock Exchange hit record low on 5 April.
“The value of a share has declined to K20,000 from 35,000 in a single day. The decline in share prices is linked to low demand. Fluctuations of share prices depend on demand and supply,” a YSX official said.
Ko Win Kyaw Oo, a share trader, said; “On 29 March the share price reached its peak at K41,000 per share. The price has declined while sellers are waiting for high prices of roughly K50,000 per share.”
Share trading at the stock market takes place two at 11am and 1pm every weekday.
Share prices at closing time are used as the next day’s opening price.
On 5 April, share trading at the market reached 22,096 units with the price of K30,000 per share.
One share trader said: “Share prices also depend on the greenback value. Yesterday, the value of the US dollar stood at K1,205.”

 

 

 

Myint Maung Soe

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