October 20, 2017

Thilawa SEZ shares soar on its debut to a high of K50,000

Electronic board showing stock prices at the Yangon Stock Exchange (YSX) in Yangon 20 May.
Electronic board showing stock prices at the Yangon Stock Exchange (YSX) in Yangon 20 May.

THE Myanmar Thilawa SEZ Holdings Public Limited that has become the second company to trade on the Yangon Stock Exchange began share sales with its stock reaching a price of K50,000 per share yesterday.
Despite the MTSH beginning sales with an opening price of K40,000 a share, its shares were traded on the exchange at the price of K50,000 following an increase in demand. The MTSH sold 5,340 shares in the morning.
The MTSH was established in March 2013 when the company sold K2.14 million in shares in total, setting the price at K10,000 per share, through bank branches across the country from 3 March and 9 April, 2014.
During yesterday’s stock trading, 4,083 shares of the First Myanmar Investment Co Ltd. (FMI) were sold at the opening price of K31,500 per share.
According to sources, Myanmar Citizens Bank, First Private Bank Ltd, Great Horkham Public Co Ltd and the Myanmar Agribusiness Public Corporation Ltd (MAPCO) are on track to go public on the Yangon Stock Exchange in the future.

KO Moe

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