Off the wire
• Starters of DPR Korea vs China in women's Olympic qualifiers  • Starters of China vs DPR Korea in women's Olympic qualifiers  • Jordan foils terrorist attack, killing 7 IS militants  • Weather forecast for world cities -- March 2  • Weather forecast for major Chinese cities, regions -- March 2  • Indian stocks extend post-Budget rally  • China Focus: American travel market eyes Chinese tourists  • Roundup: Singapore stocks end up 1.66 pct  • Mass grave discovered in Burundi capital  • Resolute Support changes command in Afghanistan  
You are here: 　 Home

Myanmar's Yangon Stock Exchange to start trading this month

Xinhua, March 2, 2016 Adjust font size:

Securities trading on Yangon Stock Exchange(YSX) may start in the 3rd week of this month, said Maung Maung Thein, President of Myanamr's Securities and Exchange Commission(SECM) Wednesday.

YSX was launched last December with 6 listed companies , 2 securities companies and 1 fund settlement bank, although it has not been ready for trading.

Over the last two months, SECM gave securities licenses for 3 more companies and in the 3rd week of this month, YSX will start its trading process with 1 listed company which already prepared for that operation and 5 securities companies, Maung Maung Thein told Xinhua in a telephone interview.

He made no disclosure on which listed company will start up the operation, adding that other listed companies will join the trading process, subject to their readiness.

YSX is in preparation for the process of ICT system for its trading platform, Maung Maung Thein revealed.

KBZ Bank, Myanmar's biggest local bank , will serve as the fund settlement bank.

Myanmar Thilawa SEZ Holdings Public Limited voiced readiness to participate in the initial trading period of YSX, President of MTSH U Win Aung also told Xinhua.

Under an agreement signed on Dec. 23, 2014, YSX is owned by Tokyo Stock Exchange and Daiwa Securities Group by 49 percent, while the state-owned Myanmar Economic Bank (MEB) 51 percent. If YSX's presence is at larger stage, foreign investors will be allowed to invest, according to SECM. Endit