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YSX stock trading value hits all-time low

The value of traded stocks on the Yangon Stock Exchange (YSX) last month registered an all-time low, according to monthly trading data released online by YSX. Shares of five listed companies — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB), First Private Bank (FPB) and TMH Telecom Public Co. Ltd. — are being traded on the YSX.

The volume of trading shares, as well as their value, reached a new low against the previous months. A total of 131,120 shares of the five-listed companies on YSX were traded in June 2018, with an estimated trading value of Ks666 million.

In June 2017, 194,240 shares of FMI, MTSH, MCB and FPB were traded at a value of Ks1.54 billion. FMI and MTSH traded 192,592 shares worth Ks6.89 billion in June 2016.

The value of stocks traded on YSX was recorded at Ks70.7 billion in 2016, whereas the value in 2017 dropped by over two-thirds, with an estimated value of Ks22.1 billion, according to official figures of YSX.

The trading of stocks on YSX is lackluster in 2018, despite awareness campaigns and promotional events for potential listed companies.

Poor economic climate, low income and the lack of publicity about the stock market are factors contributing to the steep drop in the trading of stocks, said YSX observers.

Despite the online trading of stocks and an increase in the matching time from two to four per day, trading of stocks on YSX appears to be on the downward trend.

Source: The global new light of myanmar

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