The share prices of three listed companies at the Yangon Stock Exchange (YSX) have slumped, according to a daily announcement of share trading released by YSX.
The three listed companies are First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH) and Myanmar Citizens Bank (MCB). The prices of shares on 15th September were Ks18,500 per unit of FMI, Ks42,000 per unit of MTSH and Ks7,600 per unit of MCB whereas share prices on 19th September were Ks18,000 per unit of FMI, Ks43,000 per unit of MTSH and Ks7,800 per unit of MCB. The change rate of FMI and MTSH shares slumped by Ks1,000. Officials said there was no need for stock investors to panic.
“It is normal for stock prices to rise and fall”, said U Thein Wai, the chairman of FMI. “We do not want the shareholders to be concerned about share prices”.