Stock Exchange Ready to Trade Online

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Thet Tun Oo, a Yangon Stock Exchange (YSX) manager, says the Securities and Exchange Commission of Myanmar (SECM) is testing online trading.

The six securities companies officially licensed by the SECM were ready to start when official permission was given, he added.

“The public is calling for the online trading. It’s up to the SECM to decide whether it would allow it. Tests are under way for online trading. The six companies are ready for it,” said Thet Tun Oo.

The SECM-authorized securities companies include AYA Trust Securities, CB Securities, Myanmar Securities Exchange Centre, KBZ Sterling Coleman Securities, KTZ Ruby Hills Securities and Amara Investment Securities.

Market capitalisation at the exchange reached US$597 million and trading value was US$3.4 billion, higher than in Vietnam and Laos after a year of trading, said Maung Maung Win, deputy minister for planning and finance and chair of the Myanmar Securities Exchange Supervisory Commission.

The YSX opened on March 25 last year. There are four listed companies so far on the YSX. Indonesia’s stock exchange was launched in 1977 and it had only one listed company one year after the launch.

Last year, First Myanmar Insurance’s share trading amounted to more than Ks44 billion, Myanmar Thilawa Special Economic Zone Holdings Public Ltd Ks24 billion and Myanmar Citizens Bank more than Ks1 billion, according to the annual report.

“Now there are four listed companies at the YSX. It has been nine months since we begun our trading at the YSX. The total share trading is more than Ks71 billion. This is a big success in such a short space of time,” said Thet Tun Oo.

 

Source: Eleven Myanmar

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