Value of stocks traded on Yangon Stock Exchange slide

07 February 2019
Value of stocks traded on Yangon Stock Exchange slide
(File) A man takes a photograph of an electronic board showing the FMI index at Yangon Stock Exchange, Yangon. Photo: Mizzima

The value of stocks traded on the Yangon Stock Exchange (YSX) in January slid to K526 million from a record of K1.2 billion last year, according to the monthly report released by the stock exchange, state media reported.

Currently, five companies are listed on the exchange.   An estimated 89,570 shares were traded on the exchange in January, according to YSX. In spite of promotion events for investors, trading on YSX has remained lacklustre.

In 2016, shares of just three companies were traded on the YSX — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), and Myanmar Citizens Bank (MCB). One more public company, First Private Bank (FPB), was listed on the exchange in 2017, but stock prices continued to decline. Last year, TMH Telecom Public Co. Ltd listed on the YSX.