doing business in myanmar – what you need to know as a singaporean
Stock trading of 275,325 shares by five companies listed on the Yangon Stock Exchange (YSX) in May reached a five-month high of K1.4 billion, according to YSX monthly report, state media reported.
The figure doubled over last month’s record of K506 million with 102,682 shares; while trading value in January was registered at K526 million with 89,576 shares and trading values slid to K409 million and K396 million in February and March respectively as the share price decreased.
At present, 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. In May, the share prices were closed at K11,000 for FMI, K3,200 for MTSH, K7,700 for MCB, K22,000 for FPB and K3,000 for TMH. Stock trading in May saw increase in share prices compared to April’s.
Source: Mizzima
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