Yangon bourse opens to foreign investors on March 20, gets new listing

Yangon Stock Exchange building

The Yangon Stock Exchange (YSX), Myanmar’s sole bourse, will open to foreign investors by March 20, 2020, in a move to boost trade volume which has been in continuous decline in the past.

Originally, the opening was expected for the end of last year. However, the country’s Securities and Exchange Commission gave the official green light only on March 6 for foreigners, including non-residents, to participate in daily trading of listed shares. Both individual and institutional investors can now set up accounts at local brokerages and are allowed to invest in securities up to a share of 35 per cent of a listed company.

However, listed companies have yet to state what level of foreign ownership they look to have, according to the YSX.

The exchange, known as the YSX, is a joint venture between Myanma Economic Bank, Japan’s Daiwa Institute of Research and Japan Exchange Group, the operator of major bourses including the Tokyo Stock Exchange. It opened in March 2016 for trading only to Myanmar citizens.

Hopes are high for stronger trading volume

Myanmar hopes that the lifting of the ban will bring an influx of foreign capital and drive activity on the YSX. Trading volume of the bourse’s currently five listed companies was just a meager 29 million kyat ($21,000) on March 6.

A sixth company could bring more trading action. Logistics provider Ever Flow River Group is set to debut on the same day the bourse opens to foreign investors, the first listing since TMH Telecom in January 2018.

Founded in 1996, Ever Flow River runs a ground shipping business and operates logistics centers. It is developing a distribution hub in Yangon and Mandalay with the aim of offering services to enhance the efficiency of movements of imports and exports.

The Yangon Stock Exchange, since trading commenced in June 2016, has now five securities listed, which are:

First Myanmar Investment Public Co Ltd
Myanmar Tilawa SEZ Holdings Public Co Ltd
Myanmar Citizens Bank Ltd
First Private Bank Ltd
TMH Telecom Public Co Ltd
Ever Flow River Group Public Co Ltd (Listing on March 20, 2020)



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Yangon Stock Exchange building The Yangon Stock Exchange (YSX), Myanmar’s sole bourse, will open to foreign investors by March 20, 2020, in a move to boost trade volume which has been in continuous decline in the past. Originally, the opening was expected for the end of last year. However, the country's Securities and Exchange Commission gave the official green light only on March 6 for foreigners, including non-residents, to participate in daily trading of listed shares. Both individual and institutional investors can now set up accounts at local brokerages and are allowed to invest in securities up to a share...

Yangon Stock Exchange building

The Yangon Stock Exchange (YSX), Myanmar’s sole bourse, will open to foreign investors by March 20, 2020, in a move to boost trade volume which has been in continuous decline in the past.

Originally, the opening was expected for the end of last year. However, the country’s Securities and Exchange Commission gave the official green light only on March 6 for foreigners, including non-residents, to participate in daily trading of listed shares. Both individual and institutional investors can now set up accounts at local brokerages and are allowed to invest in securities up to a share of 35 per cent of a listed company.

However, listed companies have yet to state what level of foreign ownership they look to have, according to the YSX.

The exchange, known as the YSX, is a joint venture between Myanma Economic Bank, Japan’s Daiwa Institute of Research and Japan Exchange Group, the operator of major bourses including the Tokyo Stock Exchange. It opened in March 2016 for trading only to Myanmar citizens.

Hopes are high for stronger trading volume

Myanmar hopes that the lifting of the ban will bring an influx of foreign capital and drive activity on the YSX. Trading volume of the bourse’s currently five listed companies was just a meager 29 million kyat ($21,000) on March 6.

A sixth company could bring more trading action. Logistics provider Ever Flow River Group is set to debut on the same day the bourse opens to foreign investors, the first listing since TMH Telecom in January 2018.

Founded in 1996, Ever Flow River runs a ground shipping business and operates logistics centers. It is developing a distribution hub in Yangon and Mandalay with the aim of offering services to enhance the efficiency of movements of imports and exports.

The Yangon Stock Exchange, since trading commenced in June 2016, has now five securities listed, which are:

First Myanmar Investment Public Co Ltd
Myanmar Tilawa SEZ Holdings Public Co Ltd
Myanmar Citizens Bank Ltd
First Private Bank Ltd
TMH Telecom Public Co Ltd
Ever Flow River Group Public Co Ltd (Listing on March 20, 2020)



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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