August 16, 2017

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YSX stock trading stable in early June

Visitors seen at Yangon Stock Exchange in downtown Yangon. Photo: GNLM/ Phoe Khwar

Trading on the Yangon Stock Exchange (YSX) was stable during the past three days.
YSX started last year and lists First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB) and First Private Bank (FPB).
FMI traded shares priced at Ks 15,500 between 2-5 June, having declined from 16,000 on 1 June. MTSH traded at Ks 3,750, MCB at Ks  9,100 and FPB at Ks 27,000 during the same period.
On 5th June, a total volume of 9,168 shares traded on YSX, compared to 12,490 and 10,036 shares on 1 and 2 June, respectively.
Total stock values reached Ks 1.5 billion in May, a slight increase over record low YSX stock value in April, according to YSX data.
In 2016, the first year of the stock exchange, FMI – then the only company listed on the YSX – traded shares worth Ks 24 billion in March and Ks 5.8 billion in April.
MTSH was listed on the YSX on 20 May and combined value of the two listed companies traded shares worth Ks 16 billion. Total YSX trades dropped to a value of Ks6.8 billion in June and to Ks3.7 billion in July.
MCB was listed in August, during which time total YSX trades were valued at Ks 2.9 billion.
In September YSX trading values were Ks 2.4 billion, in October they were Ks4 billion, in November they were Ks 2.2 billion and in December they were Ks 1.5 billion.
FPB drove stock trades beyond Ks 6 billion in January and February. Trade values on YSX dropped to Ks 3.3 billion in March and again to Ks 1.2 billion in April, according to YSX data.—GNLM

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