Myanmar Opens Stock Market to Foreign Investors

 ASEAN Briefing, Nov. 

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• The Securities and Exchange Commission of Myanmar (SECM) has allowed resident and non-resident foreigners to participate in securities trading on the Yangon Stock Exchange (YSX).
• Currently, there are only five companies listed on the YSX, with a market capitalization value of US$400 million.
• Permitting foreign traders will allow the stock market to scale up and the increase in liquidity can help listed companies expand.
• Resident and non-resident foreigners will need to obtain a recommendation letter from a local securities company to start trading.

In March 2020, the Securities and Exchange Commission of Myanmar (SECM) issued Instruction 1/2020, allowing foreign participation in the daily share trading on the Yangon Stock Exchange (YSX).

The YSX only has a market capitalization of US$400 million and so permitting foreign traders will help scale up the stock market and increase liquidity. In the long term, this will enable YSX-listed companies to access more capital and expand their operations.

To date, there are only five companies registered on the YSX. These are:

• First Private Bank Ltd (FPB);
• Myanmar Thilawa SEZ Holdings Public Co., Ltd (MTSH);
• TMH Telecom Public Co., Ltd (TMH;
• First Myanmar Investment Public Co., Ltd (FMI); and
• Ever Flow River Group (EFR).

In full: https://www.aseanbriefing.com/news/myanmar-opens-stock-market-to-foreign-investors/

 

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