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Updated on April 20, 2019 From Daily Eleven

YSX’s stock trading slumps

Stock trading at Yangon Stock Exchange (YSX) has declined over 80 per cent after the water festival, compared with early April, according to the figures from the stock market.

On April 2, there were trading of over 11,200 stock units. On April 19, the number of stock trading at the YSX reached around 1,600, down over 9,600 units or a 85.93-per-cent decline.

The listed companies in the YSX are: First Myanmar Investment Public Company Ltd (FMI), Myanmar Thilawa SEZ Holding Public Ltd (MTSH), Myanmar Citizens Bank Ltd (MCB), First Private Bank Ltd (FPB) and TMH Telecom Public Co., Ltd.

On April 19, the MTSH topped the list of stock trading with a sale of 1,570 units with a share price of Ks 2,950. The FMI sold 13 units at a price of Ks 8700 and the MCB, three units, Ks 7,000 per unit. The FPB and TMH had no share trading. On the same day, there were share trading of 1586 units worth over Ks 4.7 million.

In January, 2017, the FMI, the MTSH, the MCB and the FPB entered the YSX. In January, 2018, the number of listed companies reached five after the TMH entered the market. The FMI has 15.8 million units, the MTSH, 38.9 units, the MCB, 10.4 units and the FPB, 2.4 million units. On January 26, the TMH Telecom company became a listed company with over 12.2 million units.

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