Daily Archives: March 7, 2022

The average inflation rate for the six months from October 2021 to March 2022 is expected to be 6.67 percent, according to the budget figures for the six months from October 2021 to March 2022, released by the Ministry of Planning and Finance.

The average inflation rate for the period from October 1 to September 30 of the 2020-2021 fiscal year was 1.08 percent for the first quarter from October 1 to December 31, 2020; In the second quarter from January 1 to March 31, 2021, 1.63%; From April 1 to June 30, it rose 5.02 percent in the third quarter and 6.83 percent in the fourth quarter from July 1 to September 30, according to the Central Statistics Office.

The average inflation rate rose for 18 consecutive months from April 2018 to September 2019. Slightly lower in October and November 2019; It rose again in January and February of 2020. April May, June July August September October and November; It dropped again in December.

For the country as a whole, the average inflation rate, calculated on the basis of consumer price in 2012, was 6.83 percent from July 1 to September 30, the fourth quarter of the 2020-2021 fiscal year. Inflation rose 1.81 percent in the fourth quarter from an average of 5.02 percent in the third quarter, according to the Central Statistics Office.

Source: Daily Eleven

The equity market rose in February 2022 against the trading in January, the Yangon Stock Exchange’s price data indicated. A total of 61,435 shares valued at US$282 million by seven listed companies were traded on the exchange in January 2022 and the trading volume rose to 80,291 shares in February, with an estimated value of K414.9 million, according to the monthly report of the YSX.

At present, shares of seven listed companies — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB), First Private Bank (FPB), TMH Telecom Public Co. Ltd (TMH), the Ever Flow River Group Public Co., Ltd (EFR) and Amata Holding Public Co., Ltd. (AMATA) were traded in the equity market. The share prices per unit slightly fell to K7,900 for FMI, K2,900 for MTSH, K7,800 for MCB, K19,000 for FPB, K2,600 for TMH, K2,800 for EFR and K4,900 for AMATA respectively in February.

Regardless of the collapse of the stock markets worldwide, the local equities market has been able to continue operating without stopping trading. Additionally, YSX launched a pre-listing board (PLB) on 28 September 2020 to provide unlisted public companies with fund-raising opportunities and build a bridge toward listing on YSX. Next, the Securities and Exchange Commission of Myanmar (SECM) has allowed foreigners to invest in the local equity market since 20 March 2020.

Only K4.63 billion valued 887,969 shares by seven listed companies were traded on the exchange in 2021, showing a significant drop of 63 per cent as against 2020, according to the annual report released by the exchange. In 2020, K12.6 billion worth of 1.87 million shares by six listed companies were traded on YSX, whereas over 2.4 million shares from five listed companies, valued at K13.39 billion, were traded on the exchange in 2019. The YSX was launched four years ago to improve the private business sector. It disseminates rules and regulations regarding the stock exchange and knowledge of share trading through stock investment webinars and training courses.

Source: The Global New Light of Myanmar