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Myanmar stock exchange launch delayed


Myanmar has delayed the launching of the country’s first ever stock exchange to mid-November or early December this year reported Xinhua on 13 July.

The emerging stock exchange with the abbreviation YEX was originally scheduled to debut in October, but has been postponed to make way for the country's upcoming general election set for Nov. 8.

The preparation process for the stock exchange market is expected to be completed by the end of this month.

The Yangon Stock Exchange will be operated by the Myanmar Economic Bank in partnership with Japan's Tokyo Stock Exchange and Daiwa Securities Group.

Only a small number of companies will be allowed to initially list on the stock exchange to highlight quality according to the report.

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