The total value of stock trading at Yangon Stock Exchange (YSX) by three listed companies — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH) and Myanmar Citizens Bank (MCB) during November slumped by half compared to the previous month, according to the statistics of the YSX.
The current stock value in November is around Ks2billion, whereas in October it was over Ks4billion. The trading value at YSX in November hit a seven-month-low. The monthly stock trading values by FMI at YSX were Ks 24,714,431,000 in March and Ks5,867,897,500 in April. With MTSH entering YSX on 20th May, stock trading values of FMI and MTSH amounted to Ks 16,216,528,500 in May and Ks 6,895,863,000 in June and Ks 3,732,548,500 in July respectively. After MCB listed stock trading at YSX, the monthly stock trading values were Ks2,907,600,800 in August, Ks 2,482,949,200 in September and Ks 4,027,821,700 in October, it is learnt from monthly report of YSX.
A total volume of stock trading on 30th November is 13,873 shares with a value of Ks71,797,300. FMI traded 472 shares at Ks16,500 per share whereas 12,930 shares of MTSH were traded at Ks4,900 and MCB traded 471 shares at Ks9,800. Stock trading in November and in the months ahead are likely to hit record lows, said those who closely watch the stock trading market.