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Yangon Stock Exchange now open for business

The Yangon Stock Exchange (YSX), officially opened for business today, the 25 March.

The first company listed for trading is First Myanmar Investment (FMI), headed by Serge Pun. FMI currently has more than 6,700 shareholders, and the trading price today was 26,000 kyats (US$ 21.5).

Xinhua reported later that FMI received more market order volume than its sale offer. The market order reached over 37,000 while the sales offer stood at over 22,000 with the value of 26,000 kyats at the opening stage.

After the first trading period of the day, the company hit the highest value of 31,000 kyats (US$25.63). The trading volume reached 42,610 shares.

Officials are aiming to attract 30 to 50 firms over the next five years.

Photos: Hlaing Myo Htun/Mizzima