A total of 2.4 million shares worth K13.39 billion were traded on the Yangon Stock Exchange (YSX) in 2019, a significant increase compared to the previous year, according to the annual report released by the exchange.
In 2019, the value of stocks traded on the exchange reached a peak of K2.47 billion in September, whereas trading on the exchange registered an all-time low of K396 million in March.
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, 2019, 89,576 shares worth K526 million were traded on the exchange. The trading 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.
The value of shares traded on the Yangon Stock Exchange (YSX) declined sharply to K992.69 million and K794 million in November and December.
The price per share of FMI increased from K10,000 on 2 January, 2019 to K11,000 on 30 December, 2019. The share price of MTSH touched a high of K3,850 on 30 December compared with K3,000 on 2 January.
MCB’s stock price also rose from K7,400 on 2 January, 2019 to K8,200 on 30 December, 2019. Meanwhile, the prices of stocks remained unchanged at K23,000 at the opening and closing time last year.
The price of TMH stocks rose by K1,000 at the end of the year. In 2016, shares of only three companies were traded on the YSX — FMI, MTSH, and MCB. One more public company, FPB, was listed on the YSX in 2017. In 2018, TMH 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
The YSX was launched four 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.
In 2018, YSX increased the matching time from two to four per day. In addition to this, YSX held a promotional event for investors in order to increase number of new investors and encourage existing investors to trade more actively by letting know them about the financial reviews and future prospects of YSX-listed companies.
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. – Htet Myat (Translated by Ei Myat Mon)