Security market extends downward trajectory in Nov

The continuous and block trading of the eight listed companies on the Yan­gon Stock Exchange (YSX) braced for a downward spiral in November, with 282,673 shares worth K687.8 million, ac­cording to the monthly report released by the exchange.


The equity market showed an up­ward trajectory with a total trading val­ue of K2.068 billion from 958,368 shares traded in July. Then, the trading values declined to K1.296 billion with 509,827 shares in August and K1.38 billion with 302,164 shares in September. The down­ward trend persisted in October, with 305,102 shares and K771.89 million in October 2023.


At present, shares of eight listed companies — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB), First Private Bank (FPB), TMH Telecom Public Co Ltd (TMH), the Ever Flow River Group Public Co Ltd (EFR) and Amata Holding Public Co Ltd. (AMATA) and Myanmar Agro Exchange Public Co Ltd (MAEX) were traded in the security market. The total trading volumes were registered at 11,435 shares of FMI worth K98.84 million, 79,577 shares of MTSH worth K230.65 million, 621 shares of MCB worth K4.6 million, 28,046 shares of FPB worth over K44.7 million, 1,714 shares of TMH worth K4.15 million, 141,753 shares of EFR worth over K279.545 million, 423 shares of AMATA worth K2 million and 19,104 shares of MAEX worth K32 million respectively last month.


The share prices per unit fell to K8,800 for FMI, K2,900 for MTSH, K7,100 for MCB, K1,550 for FPB, K2,450 for TMH, K2,000 for EFR and K4,900 for AMATA and K1,650 for MAEX on the last day of November 2023. Next, the Securities and Exchange Commission of Myanmar (SECM) has allowed foreigners to invest in the local equity market since 20 March 2020 to attract better capital inflows, pro­mote long-term and sustainable invest­ment, encourage good corporate govern­ance, and support market orientation.


The YSX conducts stock investment webinars and training courses to dissem­inate rules and regulations regarding the stock exchange and knowledge of share trading among the public. The YSX In­vestment Virtual Series also offers insight talks with listed companies’ executives and investment presentations by security companies every weekend at 4 pm on YouTube, Facebook, Viber, and Telegram platforms of the YSX, along with panel discussions with experts. — KK