Business

Yangon Stock Trade Heads Down

After the tactical overthrow, the securities exchange on the Rangoon Stock Trade, alongside the stock list, started to decline.

The Yangon Stock Exchange reported that the stock index fell 402.16 percent from 402.16 percent in the first quarter (October, November, December, and December) and the fourth quarter of the previous fiscal year (2020-2021).
The stock closed at 279,571, down 32% from its previous record high of 279,399.
Consequently, the share market value decreased by 26.9% to 971.54 million kyats from 2629.16 million kyats.
Concerning current circumstance, a financial exchange master said, “There is customary exchanging on the Yangon Stock Trade.You do not need to be present in person because trading takes place entirely online.You can view it directly on your mobile phone, so you don’t even need to join this circle.However, only students with an interest in the stock market can attend classes.I stop working with Kovis right now.There are only FMI and MTSH on the market.because of their greater popularity.Therefore, FMI and MTSH are the primary buyers.Others purchase, but not as many.Shares have not yet been distributed.Only the shares that were previously issued are traded back.Companies are losing money these years.Two out of every seven listed businesses fail.However, good businesses do not receive dividends.Only one MTSH exists.He stated to DVB that AMATA and TMH are the losers.
FMI is one of the major public companies that is listed on the Yangon Stock Exchange;MTSH;MCB FPB TMH There are seven EFRs and AMATAs in total.
MTSH shares were sold for between 3,000 and 3,300 kyats each during the first quarter (October, November, December, and December) of each of the current financial years 2021 and 2022.
With 622 shares trading daily for more than 302 million kyats, he was followed by FMI at between 8,000 and 8,900 kyats per share.
186 shares worth more than 210 million kyats were traded daily, and FPB was trading at between 19,000 and 22,000 kyats per share.
140 shares of EFR worth more than 22 million kyats were traded daily, with prices ranging from 2,850 to 3,100 kyats per share.
106 shares of TMH worth more than 15 million kyats were traded daily, with prices ranging from 2,600 to 2,800 kyats per share.
47 shares of AMATA worth more than 13 million kyats were traded daily, with prices ranging from 4,900 to 6,000 kyats per share.
With nine daily transactions totaling 4 million kyats, MCB was trading at between 7,700 and 8,000 kyats per share.