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October 18, 2018

Stock trading volume on YSX declines this week

Share prices of YSX companies are also in decline.  Photo: Phoe Khwar

The stock trading volume of four companies listed on the Yangon Stock Exchange (YSX) declined over three days this week compared with last week.
Between 8 and 10 January, the volume of stock traded was less than 10,000 shares, with 5,378 shares traded on 8 January 9,407 shares traded on 9 January and 3,865 shares traded on 10 January. The stock trading volume fell to five digits last week. Currently, First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB) and First Private Bank (FPB) are trading shares on the YSX.
The share prices of the listed companies are also decreasing. The price of a single share of FMI dropped from Ks14,000 on 2 January, 2017, to Ks12,000 on 10 January, 2018. The share price of MTSH decreased from Ks4,500 on 2 January, 2017, to Ks2,950 on 10 January, 2018. MCB’s share price fell from Ks9,600 to Ks7,000 in the same period. The share price of FPB dropped from its basic price of Ks39,000 on 20 January, 2017, to Ks27,000 10 on January, 2018.
More than 2.5 million shares were traded in 2016, with estimated values of Ks70 billion. In 2017, despite the increase in stock trading volume by 2.6 million shares, the trading value was only 22 billion, according to statistics from the YSX. The stock trading value hit its highest point of Ks3.4 billion in March 2017, whereas it reached an all-time low of some Ks850 million in December 2017.

 

 

 Mon Mon

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