Myanmar to launch its first stock exchange in December

Nay Pyi Taw, Nov 15 (IANS) Myanmar will launch Yangon stock exchange market, the country’s first stock exchange, on December 9, months before the term of the present government expires in March next year.

The process of opening the stock exchange will continue no matter who is in office as the country needs such an institution, Xinhua quoted Deputy Finance Minister Maung Maung Thein as saying in Yangon on Saturday.

According to Thein, Myanmar’s stock exchange is expected to start trading securities with five or more listed companies.

Thein, who is chairman of the Securities and Exchange Supervisory Commission, has urged firms to make collaborative efforts in ensuring the development of the stock market.

As a strategy, Yangon Stock Exchange is set to start as an equity market before moving towards derivative market and future market, he said.

It will be operated by the Myanmar Economic Bank in partnership with Japan’s Tokyo Stock Exchange and Daiwa Securities Group.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here