Myanmar Just Opened the World's Second Smallest Stock Exchange

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Myanmar Just Opened the World's Second Smallest Stock Exchange

Post by CEOCambodiaNews » Sat Mar 26, 2016 11:07 am

Myanmar Just Opened the World's Second Smallest Stock Exchange

This Stock Exchange Opened With Just One Company Listed

Image

It’s the second smallest in the world.

Politically and financially troubled Myanmar just opened its first and only stock exchange to local investors, trading just one company with a market cap of $598 million.

That makes the country’s stock exchange the second smallest in the world behind Cambodia, which touts an market capped at $103.1 million. It’s a microscopic slice of the global market cap, which was estimated to be around $70 trillion in mid December by Visual Capitalist.

The debut is largely symbolic for the country, which is among the poorest in the world, reported the Wall Street Journal. The majority of Myanmar’s citizens don’t use banks to hold their savings, but instead hoard their cash in wads and still barter for goods. Retirement accounts, asset management, hedge funds, and mutual funds are even more elusive in the country.

“We can now proclaim to the world that we are no longer a backward nation [because] we have a stock exchange,” said Maung Maung Thein, outgoing deputy finance minister . . . .

Continue reading: http://fortune.com/2016/03/25/stock-exchange-myanmar/
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Re: Myanmar Just Opened the World's Second Smallest Stock Exchange

Post by phuketrichard » Sat Mar 26, 2016 11:16 am

CEOCambodiaNews wrote:Myanmar Just Opened the World's Second Smallest Stock Exchange

This Stock Exchange Opened With Just One Company Listed

Image

It’s the second smallest in the world.

Politically and financially troubled Myanmar just opened its first and only stock exchange to local investors, trading just one company with a market cap of $598 million.

That makes the country’s stock exchange the second smallest in the world behind Cambodia, which touts an market capped at $103.1 million. It’s a microscopic slice of the global market cap, which was estimated to be around $70 trillion in mid December by Visual Capitalist.

The debut is largely symbolic for the country, which is among the poorest in the world, reported the Wall Street Journal. The majority of Myanmar’s citizens don’t use banks to hold their savings, but instead hoard their cash in wads and still barter for goods. Retirement accounts, asset management, hedge funds, and mutual funds are even more elusive in the country.

“We can now proclaim to the world that we are no longer a backward nation [because] we have a stock exchange,” said Maung Maung Thein, outgoing deputy finance minister . . . .

Continue reading: http://fortune.com/2016/03/25/stock-exchange-myanmar/
:thumb: its a start
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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Re: Myanmar Just Opened the World's Second Smallest Stock Exchange

Post by Luigi » Wed Jun 21, 2017 6:50 pm

NO IT IS NOT!

I know, old thread. I missed it. Itr's a sucker bet at BEST. Will do no more than your local $ lender MFI promising unrealistic returns.
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Re: Myanmar Just Opened the World's Second Smallest Stock Exchange

Post by CEOCambodiaNews » Fri Jun 23, 2017 12:36 pm

Luigi wrote: NO IT IS NOT!
I know, old thread. I missed it. Itr's a sucker bet at BEST. Will do no more than your local $ lender MFI promising unrealistic returns.
Don't let's forget that Cambodia holds the title of World's Smallest.
CEOCambodiaNews wrote:
Sat Mar 26, 2016 11:07 am
That makes the country’s stock exchange the second smallest in the world behind Cambodia, which touts an market capped at $103.1 million.
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