YSX Capitalisation Reaches $597m

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Market capitalisation at the Yangon Stock Exchange has reached US$597 million and trading value is 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.

He said the YSX was stable.

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, senior executive manager of the YSX.

 

Source: Eleven Myanmar

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