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December 13, 2019

Stock trades on YSX plunge; shares worth K992.69 mln traded in Nov

The Yangon Stock Exchange in downtown Yangon. Photo; Phoe Khwar
The Yangon Stock Exchange in downtown Yangon. Photo; Phoe Khwar

The value of shares traded on the Yangon Stock Exchange (YSX) last month declined sharply to K992.69 million compared with K1.36 billion recorded in October.
While 141,361 shares were traded on the exchange in November, 259,245 shares were traded in October.
The value of stocks traded on the exchange had reached a peak this year in September at K2.47 billion. A total of 421,358 shares were traded on the YSX that month.
Compared with September, the volume of shares traded on the exchange showed a drop in October and November, according to the monthly report of the YSX.
At present, shares of five listed companies — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB), First Private Bank (FPB), and TMH Telecom Public Co. Ltd — are being traded on the stock exchange.
In January, 89,576 shares worth K526 million were traded on the exchange, and the trade value slid to K409 million and K396 million in February and March as share prices fell. In April, 102,682 shares worth K506 million were traded on the YSX. Starting from May, the value of shares traded crossed K1 billion. It touched a new peak of K1.4 billion, with 275,325 shares traded, in May; K1.32 billion, with 233,994 shares traded, in June; K1.22 billion, with 256,241 shares traded, in July, and K1.9 billion, with 322,176 shares traded, in August. The value of shares traded on the YSX reached a record-high in September and then plunged by nearly 50 per cent in October.
In November, the shares of FMI closed at K12,000, MTSH at K3,850, MCB at K8,000, FPB at K25,500, and TMH at K2,700.
The YSX was launched three years ago to improve the private business sector. It disseminates rules and regulations regarding the stock exchange and knowledge of share trading through stock investment seminars. The YSX has doubled its stock trade matching time from two to four per day. In addition to this, it held a promotional event to attract new investors and encourage existing investors to trade more actively. The YSX has also sought the government’s support to get more public companies to participate in the stock market and to help more institutional investors, such as financing companies, investment banks, and insurance companies, to emerge.
In 2016, shares of only three companies were traded on the YSX — First Myanmar Investment, Myanmar Thilawa SEZ Holdings, and Myanmar Citizens Bank. One more public company, First Private Bank, was listed on the YSX in 2017. Last year, TMH Telecom Public Co. Ltd debuted on the exchange.
More than 2.5 million shares of three listed companies were traded on the YSX in 2016, and their value was estimated at K70 billion. In 2017, despite an increase in the stock trading volume to 2.6 million shares, the trade value was only K22 billion. In 2018, 2.3 million shares of five companies, worth K11.5 billion, were traded on the exchange, according to the annual report of the YSX. — GNLM

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