THE continuous and block trading of the eight listed companies on the Yangon Stock Exchange (YSX) dropped with 305,102 shares K771.89 million in October 2023, according to the monthly report released by the exchange.
The equity market showed an upward trajectory with a total trading value of K2.068 billion from 958,368 shares traded in July. Then, the trading values declined to K1.296 billion with 509,827 shares in August and K1.38 billion with 302,164 shares in September.
At present, shares of eight listed companies — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB), First Private Bank (FPB), TMH Telecom Public Co Ltd (TMH), the Ever Flow River Group Public Co Ltd (EFR), Amata Holding Public Co Ltd (AMATA) and Myanmar Agro Exchange Public Co Ltd (MAEX) were traded in the security market.
The total trading volumes were registered low at 9,910 shares of FMI worth K87.889 million, 113,662 shares of MTSH worth K336.27 million, 1,068 shares of MCB worth K8.346 million, 104,218 shares of FPB worth over K176.594 million, 6,014 shares of TMH worth K15.539 million, 25,088 shares of EFR worth over K52 million, 5,123 shares of AMATA worth K25 million and 40,019 shares of MAEX worth K69 million respectively last month.
The share prices per unit fell to K8,800 for FMI, K2,950 for MTSH, K8,000 for MCB, K1,650 for FPB, K2,600 for TMH, K2,100 for EFR and K4,900 for AMATA and K1,750 for MAEX on the last day of October 2023.
Furthermore, block trading of YSX can be done with the minimum order quantity (10,000 stocks) or with the stocks of trading value of K30 million starting from 1 September 2022.
Next, the Securities and Exchange Commission of Myanmar (SECM) has allowed foreigners to invest in the local equity market since 20 March 2020 to attract better capital inflows, and long-term and sustainable investment, encourage good corporate governance, and support market orientation.
The YSX conducts stock investment webinars and training courses to disseminate rules and regulations regarding the stock exchange and knowledge of share trading among the public.
KK
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