This Exchange Has Five Stocks and Very Few Investors. That's About to Change
- Yangon bourse awaits approval to accept foreign investors
- Exchange, regulator says that could happen sometime this year
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In a colonial building in Myanmar’s largest city, a large screen showed stock prices for a handful of companies. Four people, perhaps tourists, perhaps investors, shuffled around the floor. The clock struck 11. Suddenly the prices changed. Then, in an instant, all the people were gone.
That was just another day at Asia’s tiniest bourse, the Yangon Stock Exchange. Home to only five companies, it updates prices just four times a day. And those are the high points. The rest of the time, little happens at all.