Yangon Stock Exchange Heads Down

After the military coup, the stock market on the Rangoon Stock Exchange, along with the stock index, began to decline.

According to figures released by the Yangon Stock Exchange, the stock index was down 402.16 percent from 402.16 percent in the first quarter (October, November, December and December) of the first quarter (October, November, December) and the fourth quarter of the previous fiscal year (2020-2021).

The stock traded 32 percent lower at 279,571, down 32 percent from a record 279,399.

As a result, the market value of shares was traded down from 2629.16 million kyats to 971.54 million kyats, down 26.9 percent.

Regarding the current situation, a stock market expert said, “There is regular trading on the Yangon Stock Exchange. Trading is done directly online, so you do not have to come in person. You don’t even have to come into this circle because you can put it on your mobile phone and view it directly. But only students who are interested in the stock market come and study. Now with Kovis, I take a break. Only FMI and MTSH are in the market. Because they are more popular. So the biggest buyers are FMI and MTSH. Others buy, but not as much. The shares have not been issued yet. They only trade back the previously issued shares. These years, companies are losing money. Two out of seven listed companies lose. But good companies do not share in the dividends. There is only one MTSH. The losers are AMATA and TMH, ”he told DVB.

Major public companies listed on the Yangon Stock Exchange include FMI; MTSH; MCB FPB TMH There are a total of seven EFRs and AMATAs.

In the first quarter (October, November, December and December) of each of the current 2021-2022 financial years, MTSH shares were sold at between 3,000 and 3,300 kyats per share.

He was followed by FMI at between 8,000 and 8,900 kyats per share, with 622 shares traded daily at more than 302 million kyats.

FPB was trading at between 19,000 and 22,000 kyats per share, with 186 shares traded daily worth more than 210 million kyats.

EFR traded between 2,850 and 3,100 kyats per share, with 140 shares traded daily worth more than 22 million kyats.

TMH traded between 2,600 and 2,800 kyats per share, with 106 shares traded daily worth more than 15 million kyats.

AMATA traded between 4,900 and 6,000 kyats per share, with 47 shares traded daily worth more than 13 million kyats.

MCB was trading at between 7,700 and 8,000 kyats per share, with nine shares traded daily worth 4 million kyats.

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