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| (File) A man takes a photograph of an electronic board showing the FMI (First Myanmar Investment) index at Yangon Stock Exchange, Yangon. Photo: Lynn Bo Bo/EPA |
By Mizzima
Myanmar-listed shares fell sharply as soon as the country's main bourse resumed trading on Wednesday, following a two-day suspension, reflecting investor doubts about the country's economic prospects, Nikkei Asia reported.
According to the Nikkei Asia report, Investors are concerned that the U.S. and Europe will reimpose economic sanctions on Myanmar, sapping foreign direct investment and slowing growth.
Myanpix, the Yangon Stock Exchange's benchmark index, fell 26.47, or 6%, to 417.25 from its previous close on Jan. 29. That was first time since April 2020 the index has fallen below 420. Wednesday's fall was the largest in percentage terms since March 2017.
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