MYANMAR TO INTRODUCE ONLINE TRADING SYSTEM ON YANGON STOCK EXCHANGE

YANGON, Myanmar — Myanmar will soon introduce online trading system on Yangon Stock Exchange (YSX) this month, the official Global New Light of Myanmar reported Wednesday.

The project aims to attract more investors in the country’s stock market as well as to promote stock trading value.

At present, four listed companies — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB) and First Private Bank (FPB) are being traded on YSX.

YSX has recently approved TMH Telecom Public Co.Ltd as the fifth listed company to trade on the exchange and its listing date is estimated to set on Jan. 4.

Meanwhile, stock trading value on YSX was 22 billion kyats (16 million U.S. dollars) last year, resulting one-third of the trading value in 2016, which was 70 billion kyats (51 million U.S. dollars).

Jointly owned by the Myanmar Economic Bank, Japan’s Daiwa Securities and the Japan Exchange Group, the YSX officially began trading on March 25, 2016.

Source: NAM NEWS NETWORK