Stock Exchange Market: Myanmar Securities and Exchange Commission Held Meeting

Myanmar Securities and Exchange Commission held its meeting in Nay Pyi Taw on Wednesday. Union Minister for Planning and Finance U Win Shein made a speech, saying that the capital market is a major driving force for development of the nation’s economy.
In Myanma, Yangon Stock Exchange (YSX) was opened in 2015, and 7 listed companies are dealing with the stock market daily. On the other hand, the secondary market was established for development of Bond Market. In order to increase the number of listed companies, the Yangon Stock Exchange has already approved the establishment of a Pre-Listing Board (PLB) as a secondary market.
For small and medium-sized enterprises, the current listing standards have been reduced and the minimum requirements have already been set up for listing in the pre-listing market. By making efforts to become listed companies through the pre-listing market, it will help the development of the capital market and also help the country's economic development.
The Union Minister called for the need to continuously meet and discuss with the stakeholders and establish the necessary plans for the development of the domestic bond market (Secondary Bond/Bill Market).  Currently, the shares of 7 companies listed on the Yangon Stock Exchange are traded through 6 securities companies.
The number of account holders at the registered securities companies is over 44,000 with an annual growth rate of 4.1%, and the market investment value of the 7 listed companies is over 581 billion) at the end of July.