FMI’s share price hits all-time low, YSX stock trading continues to decline

Source : The Global New Light of Myanmar
View Count : 206
Dec 28, 2016

The share price of First Myanmar Investment (FMI) at Yangon Stock Exchange (YSX) reached its lowest price, down to Ks14,000, on 27th December, 2016. Additionally, the stock trading of all three listed companies are on the decline, according to the statistics released by YSX.
       Previously, FMI’s stock trading hit its lowest price at Ks15,500 on 25th November. But the share price continued to decline down to Ks15,000 on 22nd and 23rd December. The price slipped further to Ks14,500 on 26th December and remained on the decline at Ks14,000 on 27th December. FMI hit its highest stock trading price at Ks41,000 on 29th and 30th March at YSX.
       Similarly, the share trading of Myanmar Thilawa SEZ Holdings (MTSH) is also on the decline. After a share split, MTSH’s share price reached the highest at Ks5,300 per share and now, the price dropped down to Ks45,00 starting from 23rd December.
       In addition, Myanmar Citizens Bank (MCB) has received the least interest against the other two listed companies, hitting zero trading seven times in one month.
       Moreover, the stock trading in November is seen as the worst, with a trading value of Ks2,213,328,400, with shares worth Ks4,027,821,700 traded in October.
       A total of 8,811 shares of three listed companies were traded at YSX on 27th December, 2016, with a share price of Ks14,000 for FMI, Ks4,500 for MTSH and Ks9,100 for MCB, according to stock trading data of YSX.
       YSX is barely over a year old and a publicity campaign will be required to make the public aware of the benefits of stock trading, an official.



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