19 August 2017
Aiming to increase the number of individual investors and support the growth Myanmar enterprises in the stock market, Yangon Stock Exchange, YSX, is going to organize an expo at Park Royal Hotel in Yangon on the 10th of September.
According to its press conference on Friday, seminars and panel discussions for securities investment, securities account opening desk section and exhibition booths of listed companies and security companies will be included in the expo. The 1-day expo is set to run from 8:30 am to 5:00 pm.
Executive Senior Manager, Yangon Stock Exchange, Thet Htun Oo said “The objectives of YSX Expo are to promote the Stock sharing knowledge and capital market. Responsible officers from the listed companies and security companies will join the expo … so stock investors can enquire about the opportunities of their companies – there will be about 11 exhibition booths. Through the panel discussions, we will know the current business logics and the future business challenges as well.”
More than 10,000 stock shares worth more than 100 million kyats have been traded at YSX each day and two time trading are matching at 11am and 1pm.
Executive Senior Manager, Yangon Stock Exchange, Thet Htun Oo said “At the end of this year, we will increase time trading matching to 3 or 4 times. We are also planning to run about two private companies as the listed companies at the stock market and there is no change in 17 criteria. If the SMEs or other enterprise match to the 17 criteria, we will allow them to run as public companies at the market. We receive requests on criteria; the initial public company starts to run with at least 7 founders; and about 100 share owners with the amount of 500 million kyats at the market.”
Myanmar launched its Stock Exchange in 2015 and currently, the four listed companies; FMI, MTSH, MCB and FPB are running stock trading through the six security companies.