Daily Share Trading: Foreign Participation In YSX Market

The press conference about Foreign Participation in YSX Market was organized in Yangon Stock Exchange, Friday.

The meeting aimed to share about allowing foreign participants in daily share trading of listed companies in YSX according to the instruction (1/2020).

The official of YSX said the Foreign investors can invest in the listed companies of YSX starting 20th March by the announcement of Securities and Exchange Commission of Myanmar (SECM).

Senior Executive Manager, Yangon Stock Exchange, Thet Tun Oo said “We start foreigner participation and increase trading frequency currently. So I hope the exchange platform will get more interests from customers and will be active more and more. They will hold a special meeting, the Extraordinary General Meeting (EGM), with all shareholders to know the share price. After meeting, we will report about the trading information to DICA.”

The Securities and Exchange Commission of Myanmar (SECM) released the permission about foreign investment to the listed companies of YSX on July 12, 2019.According to the instruction (1/2020) any individual or groups of foreign investment, both living in Myanmar and abroad need to set up their security account in line with the laws and regulations.

For the foreign investors who live in Myanmar need to set up only one security account- Myanmar Kyat (MMK) current account, named –Resident Kyat Account for Securities (R-KAS).

For the investors from abroad need to set up two security account-Myanmar Kyat (MMK) Current Account  and Foreign Currency (FC) Current Account. The SECM will check and confirm the living location once a year, whether local or abroad, to the foreign investors.

The percentage of Foreign investor will be controlled by the YSX. The detail information about allowing percentage will be announced from the website of YSX.