Virus Derails Myanmar’s Move to Open Stock Market to Foreigners

The novel coronavirus outbreak has derailed Myanmar’s move to open its stock market to foreign investors.

Only two of the country’s five listed securities have attracted international traders since rules were relaxed on March 20, leaving their foreign-shareholding ratios at minimal levels. Officials had hoped to attract funds from both expatriates and non-resident foreigners.

“After two trading days when we allowed foreigners to participate on the exchange, the outbreak began in Myanmar, so the majority of expatriates rushed home,” Thet Htun Oo, executive senior manager at the Yangon Stock Exchange, said in an interview Friday.

To see the original article click link here

Source : Bloomberg

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Puma Energy", “MOGE”, “yangon new town”,"MECTEL", "hydropower", etc.