Stock trades on YSX since launch have crossed K128.9 bln

SINCE the launch of the Yangon Stock Exchange (YSX) in March, 2016 till the end of July this year, 124.02 million shares worth K128.9 billion have been traded on the exchange, said U Thet Htun Oo, the senior executive manager of the YSX.

In the month of July, 256,241 shares of five companies listed on the YSX, worth K1.2 billion, were traded in normal trade, while the volume of block trades reached 235,000 shares, worth K1.63 billion.

“There has been no significant rise in trading, and the exchange saw only a slight increase in trading. Regarding foreign participation on the YSX, they will be allowed to start trading shares on the YSX in two or three months, as some steps involved in opening up the stock market to them are still under process,” said U Thet Htun Oo.

The Securities and Exchange Commission of Myanmar, under the Ministry of Planning and Finance, issued a press statement on 12 July, announcing that foreigners will now be allowed to invest in shares listed on the YSX.

The YSX and Securities Companies will monitor the daily trades of foreigners, in keeping with the rules and regulations, so that they do not exceed the limit set by each listed company.

With the aim of increasing the number of individual investors in Myanmar’s financial market, support the growth of business enterprises, develop the ecosystem of the Myanmar capital market, and bring about financial literacy among people, the YSX Expo 2019 has been organized on 1 September at the Novotel Yangon Max Hotel, according to the YSX. —Zar Ni Maung (Translated by Ei Myat Mon)