Myanmar’s Stock Exchange Struggles a Year After Launch

​ YANGON — Housed in a stately colonial building at the heart of Myanmar’s financial district sits the Yangon Stock Exchange, which amid great expectations opened its doors as the country’s first bourse a year ago this month. Fast forward to today, and the exchange, known as YSX, is struggling. With only four listed issues, […]

Thilawa SEZ Commences Second Phase of Project

​​ RANGOON — Rangoon’s Thilawa Special Economic Zone (SEZ) management committee members said they expect to complete the 250-acre second phase of the project in mid-2018, during a commencement ceremony at the SEZ’s new Zone B on Friday morning. Thilawa SEZ is located between Kyauktan and Thanlyin townships, 14 miles from downtown Rangoon. The project […]

Danyingone Market Developer Launches Share Sale

​​ Trading on the Yangon Stock Exchange may be lacklustre, but there is still demand for shares in over-the-counter markets for the right firms. Myanmar Agro Exchange Public Company, a food market and supply chain firm partly owned by local tycoon U Win Aung, is in the process of a share sale and says it […]

First Private Bank Shares Plunge

​​ First Private Bank (FPB) became the first Yangon-listed company to watch its shares fall immediately after listing. The lender, which claims the oldest banking licence in Myanmar, became the fourth firm listed on the Yangon Stock Exchange on January 20. FPB’s 2.47 million shares started at a base price of K39,000 but dropped to […]

YSX’s Newest Trading Company Announces Base Share Price

​​ RANGOON — The Yangon Stock Exchange’s (YSX) newest trading company, First Private Bank (FPB), announced its base share price on Thursday, one day before trading is set to begin. The FPB will be start trading in YSX at January 20. The share base price for FPB is 39,000 kyats (US$28.50), with the upper limit set […]

Insurance to Lead Finance Sector Expansion

​​ Myanmar’s financial sector welcomed new faces this year – international banks opened their first branches, the stock exchange welcomed its first firms and there are joint-ventures on the horizon for the insurance sector in 2017. Taiwanese firm E.SUN Commercial Bank, South Korea’s Shinhan Bank, Bank for Investment and Development of Vietnam and State Bank […]

Stock trading cool at YSX

Stock trading is still cool at Yangon Stock Exchange (YSX), with a volume of 19,154 shares on 16th November. The trading volume of Myanmar Citizens Bank on 16th November notably plunged down to 22 shares, according to YSX. The Myanmar Stock Price Index (MYANPIX) was at 634.64 on 16th November. The value of stock trading […]

More transparency needed from local business: MCRB

A select few Myanmar firms display a higher level of transparency than most of their ASEAN peers, but many large companies continue to show little interest in disclosure – even when legally required – according to a recent report from the Myanmar Centre for Responsible Business (MCRB). There is huge variation in the approach Myanmar’s […]

Profit and loss statements of YSX listed companies to be released at end of fiscal year

The companies approved to trade shares at the Yangon Stock Exchange (YSX) will have to release statements of profit and loss so that those who want to purchase their stocks can make intellectual investments, according to an announcement released by the Securities and Exchange Commission of Myanmar. Currently, the three approved companies — First Myanmar […]

MCB hits upper limit on first day as YSX-listed firm

Trading on the Yangon Stock Exchange has tailed off in recent months, but Myanmar Citizens Bank’s (MCB) listing late last weekshowed there remains huge appetite for new sources of investment. Demand for shares in the lender – the first bank to list on the country’s new bourse – was around 10 times the volume offered. MCB […]