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This Is the World's Tiniest Stock Exchange

  • Burmese love smartphones but are wary of financial industry
  • Brokers complain about government roadblocks to growth
The Yangon Stock Exchange.

The Yangon Stock Exchange.

Photographer: Romeo Gacad/AFP via Getty Images

Myanmar has a stock exchange. Who knew?

Not many people, inside or outside the country formerly known as Burma. Now a year old, the Yangon Stock Exchange is home to just four companies. None of them has raised new capital, and trading is dominated by small investors, many of whom buy stock for less than 20,000 kyat, or $15. On a recent day, fewer than 17,000 shares changed hands, about as many as the world’s biggest stock market in New York traded in an eighth of a second.