Stock trading at YSX up after increase in matching times

Writer: 
Phyo Wai
 
The average daily stock trading at Yangon Stock Exchange amounted to around Ks- 57 million, a 42-per-cent increase, after the YSX has increased stock trade matching times from two to four a day, said Min Thu, senior manager of Yangon Stock Exchange at a press conference on May 15.
 
“In the past, the average daily stock trading amounted to over Ks-39 million. Since March 30, the YSX has increased stock trading times to four,” he added.
 
The average number of stock shares has increased from 6,761 to 9,251 a day, up over 37.6 per cent.
 
The stock trading at the YSX decreased from Ks-70.7 billion in 2016 and Ks-22.13 billion in 2017.
 
The stock trading in January hit over Ks-1.2 billion, a record low of over Ks-0.74 billion in February, over Ks-0.78 million in March, over Ks-0.87 million in April. The average stock trading is about three times lower than that in the same period last year.
 
In a bid to increase the number of listing companies and help companies become listed, the YSX plans to hold listing promotion seminar on June 5 and has formed a special task force with the help of listing consulting division and the Japan International Cooperation Agency (JICA).