You can read daily news of Global New Light of Myanmar using mobile applications. Download now!

July 08, 2020

Stock trading value drops on lacklustre YSX in February

A staff seen in front of the electronic board showing the stock exchange rates in YSX. Photo: Phoe Khwar

The value of stock traded by the five companies listed on the Yangon Stock Exchange (YSX) in February 2018 registered an all-time low of Ks740 million, according to statistics provided by YSX online.
Also, the figure shows a drastic decline compared with the trading value of Ks1.2 billion achieved in January.
The decreasing share prices and the lack of public interest are contributing factors to the sharp drop in the value of stock-trading. YSX failed to attract public interest despite holding discussions, YSX expos and educational talks.
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 (TMH) — are being traded on the YSX.
Some 20,968 shares were traded by the four listed companies yesterday, at an estimated value of Ks80 million. The share prices have dipped below the base price, recording Ks12,000 for FMI, Ks2,850 for MTSH, Ks8,000 for MCB and Ks26,500 for FPB, at closing time.
More than 2.5 million shares were traded in 2016, at an estimated value of some Ks70 billion. In 2017, despite an increase in the stock-trading volume to 2.6 million, the trading value was only Ks22 billion. The stock trading value hit the highest point of Ks3.4 billion in March 2017, whereas this year, February’s trading reached an all-time low of some Ks740 million.
Some 3,825 shares were traded by the five listed companies yesterday at an estimated value of Ks26 million. The share prices were below the base price at Ks11,500 for FMI, Ks2,850 for MTSH, Ks7,900 for MCB, Ks27,500 for FPB and Ks2,900 for TMH during closing time.



By Ko Khant



Related posts