YSX suspended, dives on reopening

Trading on the Yangon Stock Exchange was suspended Monday and Tuesday following the military coup. When it reopened on Wednesday, the benchmark index fell 26.47, or 6%, to 417.25 from its previous close on Jan. 29, the first time since April 2020 the index has fallen below the 420 benchmark.

Then on Thursday it fell for the second day in a row closing at 408.96, down 2% and to a 10-month low. Logistics service provider Ever Flow River Group suffered the steepest drop at 11%.

On January 29th, YSX had announced that Amata Holding Public Co, Ltd (AMATA) would be the 7th company listed on the bourse and that its shares would start trading on the 12th of March 2021.

Amata has in the meantime announced that it would freeze its investment and plans in Myanmar following the coup, putting the listing in jeopardy.

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