DSC_6467_72

Stock trading slightly rises in April 2022

THE equity market sees a slight increase in trading in April as against that recorded in March 2022, the Yangon Stock Exchange’s monthly 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. A total of 52,408 shares with an
estimated value of K233.634 million were traded on the exchange in March 2022. Last month, the trading value slightly rose to K276 million, with 53,059 shares traded on the exchange, 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 were closed at K7,600 for FMI, K2,600 for MTSH, K7,700 for MCB, K18,000 for FPB, and K2,600 for TMH K2,600 for EFR and K4,900 for AMATA respectively in April. Regardless of the collapse of the stock markets worldwide, the local equities market has continued operating without stopping trading. Additionally, YSX launched pre-listing board (PLB) on 28 September 2020 in order to provide unlisted public companies with fund-raising opportunities and build a bridge toward listing on YSX. This month, YSX is planning to hold a free webinar regarding the legal aspects of SECM and the registration criteria of PLB. 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 in 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. In contrast, 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.Those enthusiastic can also join the YSX Telegram channel to easily access daily stock market updates, event info, market research and investor learning tips.

Source: Global New Light of Myanmar

sitemgr_photo_34716

Thailand’s PTTEP and Malaysia’s Petronas to withdraw from Yedagun gas project

Thailand’s PTTEP Oil and Gas and Malaysia’s Petronas announced on April 29 that they would withdraw from Myanmar’s Yedagun gas project. International energy companies, including Chevron and Total Energies, have left Burma en masse after a military coup in Burma last year. Carigali, a subsidiary of Petronas, has a 41 per cent stake in the Yedagun project, with PTTEP holding a 19.31 percent stake.

“The resignation is part of the company’s investment management plan, which will focus on projects that support the country’s energy security,” PTTEP chief executive Montrey Wanchaiku said in a statement on April 29.  Located in the Gulf of Martaban, the 24,130-square-kilometer project produces natural gas and liquefied natural gas.

As a result, only Nippon Oil and Gas Exploration Company of Japan and the Myanmar Oil and Gas Company, which is affiliated with the Burmese Army, remain in the project.

Source: Daily Eleven