YANGON, March 9 (Xinhua) -- Stock trading value of Myanmar's five listed companies reached all-time low in February, registering 740 million kyats (569,230 U.S. dollars), a sharp drop compared with January when it showed 1.2 billion kyats (923,076 U.S. dollars), according to the Yangon Stock Exchange (YSX) Friday.
A total of 4,717 shares were traded by the five listed companies at estimated value of 24.8 million kyats (19.1 million U.S. dollars) when it closed on late Thursday.
At present, five listed companies- First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB), First Private Bank (FPB) and TMH Telecom Public Co. Ltd are trading on YSX.
Meanwhile, stock trading value on YSX was 22 billion kyats (16 million U.S. dollars) trading 2.6 million shares last year, resulting one-third of the trading value in 2016, which was 70 billion kyats (51 million U.S. dollars).
Decreasing share prices of listed companies and failure to attract public interest have become major factors to the apparent drop of stock trading value.
Recently, the online trading system on YSX has been introduced to attract more investors in the country's stock market as well as to promote stock trading value.
Jointly owned by the Myanmar Economic Bank, Japan's Daiwa Securities and the Japan Exchange Group, the YSX officially began trading on March 25, 2016.
