Yangon Stock Exchange

The Yangon Stock Exchange (Burmese: ရန်ကုန်စတော့အိတ်ချိန်း; abbreviated YSX) The stock exchange opened on December 2015, at the former Central Bank of Myanmar and Myawaddy Bank headquarters in Yangon.[1][2] On 23 December 2014, two Japanese firms, Daiwa Institute of Research, the research arm of Daiwa Securities Group and Japan Exchange Group, established a joint venture with the state-owned Myanma Economic Bank to establish this stock exchange.[3] The joint venture firm, the Yangon Stock Exchange-Joint Venture Limited will have a working capital of US$31 million.[3] The Securities and Exchange Commission has selected Kanbawza Bank to be YSX' settlement bank.[4]

Yangon Stock Exchange
YSX
TypeStock exchange
LocationYangon, Myanmar
FoundedOctober 2015
Key peopleU Yin Zaw Myo, managing director
CurrencyMMK
No. of listings5 (March, 2018)
Market cap608 billion Kyat (2018) $393.60 Million
IndicesMYANPIX
Websiteysx-mm.com

Building history
Rangoon branch of the Reserve Bank of India

The YSX building, located on the corner of Sule Pagoda Road and Merchant Street, formerly housed the Central Bank of Myanmar.[5] The neoclassical structure was designed by G Douglas Smart, and opened in 1939, as the Rangoon branch of the Reserve Bank of India, and managed British Burma's financial system, even after its separation from British India in 1937.[5]

Following monetary independence from Britain, the building became home to the Union Bank of Burma (ပြည်တောင်စုဘဏ်), and the first Burmese kyats were issued there in July 1952.[5] It remained the site of Myanmar's central bank until 1993, when it became occupied by the military-owned Myawaddy Bank.[5]

Listed Companies

There are currently 6 campanies Listed on the Stock Exchange.

Code Listing Date Company Name Industry Foundation ISIN
00001 2016-03-25 First Myanmar Investment real estate industry
investment company		 1992-07-03[6] MM0000100006[6]
00002 2016-05-20 Myanmar Thilawa SEZ Holdings Public Limited real estate development[7] 2013-05-03 MM0000200004
00003 2016-08-26 Myanmar Citizens Bank Ltd banking industry 1991-10-30 MM0000300002[8]
00004 2017-01-20 First Private Bank Limited commercial banking industry 1991-09-09 MM0000400000[9]
00005 2018-01-26 TMH Telecom Public telecommunications industry 2007-08-21[10] MM0000500007[11]
00006 2020-05-28 Ever Flow River Group logistics[12] 2014-04-10 MM0000600005[12]

See also

References
  1. Shwegu Thitsar (26 November 2014). "Stock exchange location selected". Myanmar Times. Retrieved 1 July 2015.
  2. "ရန်ကုန် စတော့-အိတ်ချိန်း အဆောက်အအုံ အချိန်မီဖွင့်လှစ်နိုင်ရေးအတွက်ဆောင်ရွက်". MRTV (in Burmese). 18 May 2015. Retrieved 1 July 2015.
  3. Mullins, Jeremy (23 December 2014). "Yangon Stock Exchange closer to reality". Myanmar Times. Retrieved 1 July 2015.
  4. Kyaw Phone Kyaw (5 May 2015). "KBZ chosen as settlement bank for upcoming stock exchange". Myanmar Times. Retrieved 1 July 2015.
  5. "Places in History | Now YSX, the Building Once Managed Myanmar's Monetary System". The Irrawaddy. 2020-05-12. Retrieved 2020-05-23.
  6. https://ysx-mm.com/listing/company/lc00001/
  7. https://www.msecmyanmar.com/wp-content/uploads/2016/05/cp_00002_en_06052016_01.pdf
  8. https://ysx-mm.com/listing/company/lc00003/
  9. https://ysx-mm.com/listing/company/lc00004/
  10. https://www.tmhtelecom.com/profile/
  11. https://ysx-mm.com/listing/company/lc00005/
  12. https://ysx-mm.com/listing/company/lc00006/

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.