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Yangon Stock Exchange: Plan To Increase Time Trade Matching

1 August 2017

Yangon Stock Exchange, YSX, is now preparing to increase time trade matching this year not only to raise trading volume but also to attract more investors.

Currently, there are four listed firms, FMI, MTSH, MCB and FPB operating in the market.

Since the start in March last year, there are over 5.3 million shares worth 89 Billion kyats have been traded so far, YSX said.

EXECUTIVE  SENIOR MANAGER, YANGON STOCK EXCHANGE, THET HTUN OO: “We now have two time trade matching, 11am and 1pm. We are planning to increase … 1 or 2 this year to raise trading volume and attract more investors. We’re now conducting survey and discussion with security companies as well as test with internal operators.”

According to YSX, the trading amount has now decreased to 60 million kyats per day from over 100 million kyats in April.

YSX officials believe that the market will be strong again with the entry of more new listed firms and new shares trading.

EXECUTIVE  SENIOR MANAGER, YANGON STOCK EXCHANGE, THET HTUN OO: “Although the trading declines, the total amount of trading is acceptable for an emerging market. There are two to three public firms including MAPCO preparing to be listed in the stock market with initial Public Offering which is the sales of new shares. Although the trading is cold now, I believe it will boost sooner with the participation of more private firms as well as foreign investors.”

Despite the current challenges, some of the investors believe the potential of the market growth.

Maung Maung Myint: “I think stock share sale has decreased due to the people’s interest only in short term benefit. Unlike other markets, this stock exchange market is a long term process. And, as our country has a great potential for growth, this stock market is one of the most potential markets, I’m sure.” 

As of 11am on Tuesday, share prices of FMI, MTSH and MCB remain at 15,000 kyats, 3950 kyats and 8800 kyats per share, while share prices of FPB drop slightly to 23,500 kyats.