13 August 2019
In July 2019, the listed companies on Yangon Stock Exchange traded over 250,000 shares on normal trading and 235,000 shares on block trading.
In total, over 490,000 shares, worth of Over 2860M kyats were traded in July.
From 2016 March to 2019 July, about 124 million shares worth of 128 billion kyats were traded on YSX.
YSX Executive Senior Manager U Thet Tun Oo explained, "The company with highest trading is the MTSH while the bank shares are the lowest in trading. The listed companies on Yangon Stock Exchange traded over 250,000 shares on normal trading and 235,000 shares on block trading. In total, over 490,000 shares, worth of Over 2860M kyats were traded in July."
YSX is currently trading the stock shares of the 5 companies; namely First Myanmar Investment Public Co., Ltd.(FMI), Myanmar Thilawa SEZ Holdings Public Ltd.(MTSH), Myanmar Citizens Bank Ltd.(MCB), First Private Bank Ltd.(FPB), TMH Telecom Public Co., Ltd.(TMH).
U Thaung Han, Managing Director of CB Securities said, "The market was active in the first 6-12 months after opening. But the market's momentum dropped gradually in third and fourth years and it went cold. This is because the investors' interest is contingent on the return on their investment. So the return needs to be attractive enough to draw the investors. So, the small return is the factor that cannot draw the investor's attention. But when we look at the companies, they cannot yet share the attractive profit due to the country's economy. So opening the market to the foreign participation is expected to reboot the market,”
Securities Exchange Supervisory Commission of Myanmar recently announced that foreigners can participate in trading of Myanmar stocks up to 35 percent.
The foreigners and local foreign companies will be allowed to trade the stocks on Yangon Stock Exchange.
The percentage that foreign participation each listed company allows will be managed by the YSX and respective securities houses.
For more on the latest update on the readiness for the foreign participation, Executive Senior Manager U Thet Tun Oo explained, " The Securities Exchange Supervisory Commission of Myanmar has released a notification to allow the foreign participation. Now we are trying to execute the notification and we expect that it will take three or four months for the notification to come alive. We are preparing necessary plans for the foreign investors who might be interested in trading."
In 1996, Myanma Economic Bank and Daiwa Institute of Research Ltd. (DIR) formed the Myanmar Securities Exchange Centre Co., Ltd. (MSEC) with the final goal of establishing a stock exchange.
In 2012, The Central Bank of Myanmar (CBM), under the Ministry of Planning and Finance Daiwa Institute of Research Ltd. (DIR) and Japan Exchange Group, Inc. (JPX) signed an MOU to develop human resources and provide technical assistance for the development of financial and capital market in Myanmar.
Yangon Stock Exchange Joint-Venture Company Limited (YSX) obtained permission of foreign investment from the Myanmar Investment Commission (MIC) in 2014.
In July, Basic Course for Stock Investment No. 6 was conducted and 74 people attended.
The third YSX expo is set to be held on September first, aiming to raise awareness on the importance of the capital market which is vital for the private sector development, to disseminate opportunities and market insights for the investors, as well as to bring up the new generation with financial and market knowledge.