Yangon stock exchange seeks foreign investor interest. Five things you need to know about the yangon stock exchange ysx. On 7th october 2015, kbzsc was awarded the underwriter license issued by the government of the republic of the union of myanmar, ministry of finance to carry out the business of underwriting, dealing, broking and investment advisory on the yangon stock exchange. Establishment of yangon stock exchange business setup unit jpx. Yangon, myanmarat the yangon stock exchange, or ysx as its known, a cable television crew turns up every day to provide a rundown of the days trading. Asian stock exchanges are getting ahead of themselves. Money exchange counters in yangon all of cb bank, uab bank, agd bank, ayeyarwaddy bank this is a complete list of all money exchange counters and bank branches of cb bank, uab bank, ayeyarwaddy bank, agd bank. Money exchange counters in yangon living irrawaddy. This overthecounter otc market is planned to be replaced by the yangon stock exchange by 2015. One part of that process is a slowly increasing financialization as indicated by the new yangon stock exchange ysx set to begin trading operations in late 2015.
Yangon stock exchange investors club public group facebook. If they could publicize more about the ysx stock market, if they could inform both urban and rural areas, then this market could boom soon, he said. At the forefront has been the much anticipated yangon stock exchange ysx, which is set to launch in late 2015. Asian stock exchanges are getting ahead of themselves nikkei. Among the bourses five listees are banks, investment companies and a real estate developer. The myanmar securities exchange centre msec, located in yangon, myanmar, is the countrys only stock exchange.
It is expected that 3 to 5 companies will be listed in yse within the first 6 months. Although the yangon stock exchange yse is not scheduled to open until 2015, myanmars nascent overthecounter otc equities market has recently drawn foreign investor interest. The mini mum amount of shares an inves tor is able to buy or sell is one share 3. Five things you need to know about the yangon stock exchange. And in middecember 2015, the yangon stock exchange ysx was formally opened. Yangon stock exchange on track for march trading debut. Rangoon the yangon stock exchange ysx is expected to begin shares trading by the second week of march, with dryrun testing already underway, an official from the securities exchange commission of myanmar secm told the irrawaddy on monday. Yangon stock exchange investors club has 34,694 members. Allowing foreign investment in the yangon stock exchange is good.
Dec 16, 2015 companies prepare for yangon stock exchange listings next year december 16, 2015 by thiha preparations are underway for the first companies to attempt a listing on the yangon stock exchange early next year, though progress is slower than expected, as only the name of one securities company has so far been announced. First private bank ltd to list on yangon stock exchange basf to produce cement and construction materials at new facility in myanmar myanmar agribusiness public corporation announces details of new industrial zone ministry of natural resources and environmental conservation issues new largescale mining permits apr energy extends contract on 102mw kyaukse power plant project all nippon. Jun 05, 2016 the yangon stock exchange has tried to push for higher standards by asking applicants to appoint compliance officers and set up systems to prevent insider trading, but without stringent regulation. Blockchain is moving beyond cryptocurrency exchange into the worlds most progressive stock exchanges, which are optimistic about the technologys potential to cut cost, enhance speed and reduce risk. Since its debut however, trading volumes on the ysx have fallen significantly. Myanmar unveiled a new stock exchange in its largest city on wednesday, but there wont be any trading until march at the earliest.
Yangon stock exchange sees highest trade in july mizzima. Six companies have been approved to list on yangons new stock exchange, with trading expected to begin in february or march next year, officials said at the launch of the bourse today. Six companies to trade on yangon stock exchange six companies have been approved to list on yangons new stock exchange, with trading expected to begin in february or march next year, officials said at the launch of the bourse today. In december 2015 it became the home of the yangon stock exchange, which at the time of research had five listed companies. In july 2015 i took a trip to visit myanmar and brought along my slr camera and the drone. Yangon stock market opens, but no trading until march. The yangon stock exchange, expected to open by october 2015, will be run by yangon stock exchange jointventure company limited, a joint venture company with myanma economic bank 51%, the daiwa institute of research ltd of the daiwa securities group 30. We are the firstever modern stock exchange in myanmar and stock trading at ysx has started from 25th march 2016.
Feb 21, 2017 now a year old, the yangon stock exchange is home to just four companies. The splendid neoclassical style yangon stock exchange ysx received the commemorative yangon city heritage blue plaque on 16 may 2017. First private bank ltd to list on yangon stock exchange basf to produce cement and construction materials at new facility in myanmar myanmar agribusiness public corporation announces details of new industrial zone ministry of natural resources and environmental conservation issues new largescale mining permits apr energy extends contract on 102mw kyaukse power plant project all nippon airways. This grandiose building is unique in yangons cityscape and well placed in all senses to serve a financial function in the future. Kbzsc is one of the leading firms in underwriting, dealing, broking and investment advisory on the yangon stock exchange in myanmar. Myanma economic bank on december 23 signed an agreement to establish the yangon stock exchange, which is set to be opened late 2015. Yangon stock exchange ysx begins trading with only a. Before it revolutionizes stock markets as we know them, the decentralized digitalledger technology faces a few obstacles, such as scalability and regulation, but those in the know are barely. The value of traded stocks on the ysx last month hit a high of ks1. Myanmars smes could be backbone of new yangon stock. A total of six companies have been approved to list on the new stock exchange, with trading expected to begin in february or march next year. The exchange is jointly owned by japan and myanmar and has authorized capital of 30.
Myanmar opens stock exchange as rehabilitation continues. Yangon exchange group welcome to online stock exchange. Located on the corner of sule pagoda road and merchant road, the building was originally designed to house the reserve bank of india and completed in march 1939. Unlike construction of its new hanthawaddy airport, myanmars first stock exchange in more than 50 years, the yangon stock exchange yse, is mostly on track for the planned 2015 launch, despite a few major obstacles. As of late 2014, the building was under renovation. Myanmar an insight into the yangon stock exchange, foreign. May 16, 2017 the splendid neoclassical style yangon stock exchange ysx received the commemorative yangon city heritage blue plaque on 16 may 2017. Shareholding pattern for june 30, 2015 announcement. Six companies to trade on yangon stock exchange the. None of them has raised new capital, and trading is dominated by small investors, many of. The ysx officially opened on dec 9, 2015, almost ten years after the myanma economic bank meb and japans daiwa institute of research dir established a goal of starting the countrys first stock exchange in 1996. Looking like a giant vault, this monumental neoclassical structure was originally built in 1937 to house the reserve bank of india. At the last close on aug 4, the myanmar stock price index myanpix, which. The yangon stock exchange, expected to open by october 2015, will be run by yangon stock exchange jointventure company limited, a joint venture company.
The yangon stock exchange, a joint venture between stateowned myanmar economic bank, japans daiwa securities group and the japan exchange group, opened wednesday. Mar 23, 2016 yangon stock exchange was formally opened on december 9, 2015, at the office of the former myawady bank headquarters situated on the corner of merchant and sule pagoda streets. And even while the bubbly was still fizzing another company was eyeing a listing. Japans daiwa institute of research and japan exchange group, the operator of the tokyo stock exchange, are. Opportunities and challenges ahead for yangon stock exchange. On 23 december 2014, two japanese firms, daiwa institute of research, the research arm of daiwa securities group and japan exchange group. The yangon stock exchange was originally scheduled to open in october 2015 but is now not expected to launch until after myanmars general elections in november 2015. The securities and exchange commission of myanmar has yet to award securities companies with licences to operate on the ysx. Six companies to trade on yangon stock exchange the myanmar. Myanmar unveiled a new stock exchange in its largest city on wednesday, but there wont be. It is slated to host the yangon stock exchange, which is currently being set upin a twist of historywith japanese help. We accept internet payments via paypal, bitcoin, and perfect money. Deputy minister u maung maung win of planning and finance called for all stakeholders continued efforts to attract more investors, fully protect investors and ensure market quality.
After the democratic opposition won a landslide election victory in the general parliamentary elections in. Already there is substantial interest but few players are actually entering the market. The blue plaque at ysx marked yangon heritage trusts 18 th plaque. Six companies have been approved to list on yangon s new stock exchange, with trading expected to begin in february or march next year, officials said at the launch of the bourse today. The yangon stock exchange opened in 2015, yet only has a market cap of. Yangon stock exchange ysx logo design competition myanmar. Fmi 00001 mtsh 00002 mcb 00003 fpb 00004 tmh 00005 watch list. The myanmar stock price index myanpix has jumped almost 18% over the past. On july 12, 2019, the securities and exchange commission of myanmar issued notification 12019, which announced that foreign individuals. Dec 08, 2015 myanmar opens stock exchange as rehabilitation continues. The effort to open yse is fully supported by myanmar government with assistance of daiwa securities. The yangon stock exchange opened in december 2015 with three traded companies. Struggling myanmar stock market gears up for more listings yangon exchange counts on new law to lure foreign investors and more liquidity yuichi nitta, nikkei staff writer june 06, 2018 16. This is the worlds tiniest stock exchange bloomberg.
There are also information on thein byu main money exchange counter tpmcc and two of farmers money exchange counters. Yangon stock exchange was formally opened on december 9, 2015, at the office of the former myawady bank headquarters situated on the corner of merchant and sule pagoda streets. Last week, three asian stock exchanges proved more interesting than. Wednesday, december 09, 2015 mail yangon myanmars first official bourse the yangon stock exchange ysx opened on wednesday with six listed public local companies whose shares will not be traded till march, securities and exchange commission myanmar secm chair dr. Trading on myanmars new exchange has launched, with only a single stock appearing on the board. Deputy minister u maung maung win of planning and finance called for all stakeholders continued efforts to attract more investors, fully.
Representatives from daiwa securities group myanmar branch noted that yangon stock exchange yse will start in 2015. The yangon stock exchange ysx recently had a few champagne moments with the first real initial public offering by a myanmar telecom company. The yangon stock exchange has tried to push for higher standards by asking applicants to appoint compliance officers and set up systems to prevent insider trading, but. Myanmar was thus the last mainland southeast asian country to do so. The myanmar stock price index is up almost 25% ytd we do not normally highlight shortterm big moves in local markets given how volatile frontier markets can be, but the move in myanmars yangon stock exchange is worth monitoring at the moment. The yse is set to open october 2015, after the government passed the. Fmi stock could list at 26,000 kyats on yangon stock exchange. Five things you need to know about the yangon stock. The exchange, a 5050 joint venture between the stateowned myanma economic bank and the daiwa securities group, currently lists only two securities, both of which are rarely traded. A total of six companies have been approved to list on the new stock. Yangon stock exchange yangon, myanmar burma attractions. The yangon stock exchange the stock exchange is slated to open in october 2015, at the former central bank of myanmar and myawaddy bank headquarters.
May 24, 2016 trading on myanmars new exchange has launched, with only a single stock appearing on the board. Struggling myanmar stock market gears up for more listings. Companies prepare for yangon stock exchange listings next year. Local underwriters have been appointed and there are an estimated 1012 local companies looking to list soon, with more expected to follow suit. Myanmars stock market cracks open door to foreigners. Trading on the yangon stock exchange ysx opened march 25 with a single firm first myanmar investment fmi, a holding company operating in the financial services, real estate and health care sectors, debuting on the exchange fmi did not issue any new shares in its float, instead. Kyaw hsu mon the irrawaddy kyaw hsu mon is senior business reporter at the english edition of the irrawaddy. First private bank ltd to list on yangon stock exchange.
A few companies, such as yoma strategic holdings, have successfully listed on the singapore exchange via reverse takeover. Companies prepare for yangon stock exchange listings next year december 16, 2015 by thiha preparations are underway for the first companies to attempt a listing on the yangon stock exchange early next year, though progress is slower than expected, as only the name of one securities company has so far been announced. Myanmars yangon stock exchange yse on track for 2015 launch. Yangon stock exchange, ysx, is myanmars sole stock exchange and this page is ysxs official facebook page. And, the moment foreign investors had been waiting for is almost here. Sep 05, 2015 in july 2015 i took a trip to visit myanmar and brought along my slr camera and the drone. The asiabased yangon stock exchange ysx opened friday with a single listing, fulfilling a. July saw the highest trade so far this year at the yangon stock exchange or ysx, according to local media. Yangon stock exchange releases listing rules information. We went to yangon and then to see the temples of bagan stock footage. Now a year old, the yangon stock exchange is home to just four companies. Trading on the yangon stock exchange ysx opened march 25 with a single firm first myanmar investment fmi, a holding company operating in the financial services, real estate and health care sectors, debuting on the exchange.
This workshop focuses on the practical side of an ipo deal. The yangon stock exchange was founded in december 2015 and opened in march 2016. Or post your project to our website and investors will fund it with money. On 9 december 2015, myanmar launched the yangon stock exchange. Invest to earn in the most profitable web shares on the market.
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