Myanmar will allow foreign individuals and locally-registered entities to invest in the Yangon Stock Exchange (YSX) as a move designed to throw a lifeline to the country’s only bourse. They will be permitted to invest in the YSX up to 35pc according to the regulator, the Securities and Exchange Commission of Myanmar on 12th July.
Foreigners will only be allowed to trade shares after October.
The YSX was incorporated with a paid-up capital of US$22.6 million in December 2014 and welcomed its first initial public offering in January 2018. With five listed companies, the bourse is small and limited in liquidity, with daily volume of US$35,000 as of July 12, and a market capitalization of around $400 million.
Graphic: The Myanmar Times
Source: The Myanmar Times, Mizzima