World’s youngest stock market struggles in Myanmar
YANGON, Myanmar — The day’s trading is about to begin on the world’s youngest stock exchange, and the MYANPIX index and opening share prices flash across an electronic screen, but barely a footfall or a voice are heard within the cavernous, colonial era building in the bustling heart of Myanmar’s commercial capital.
A gilded bell hangs silently above the almost empty floor, engraved with a single word: “Success.”
Not yet. Only three companies are listed on the board and at the end of the day just 7,221 shares were traded, compared with nearly 839 million the same day on the New York Stock Exchange.