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Stock Price Index

 

 

 

MYANPIX (Myanmar Stock Price Index), which Registration number is 4/8680/2016 and 4/8681/2016, is YSX-calculated stock price index, which represents price fluctuation of an overall stock market and becomes basic tools to describe Myanmar’s stock market for investors. MYANPIX started to be calculated from 25th March 2016, the first trading date of YSX.

 

Index profile

  Index Name   MYANPIX (Myanmar Stock Price Index)
  Type   Market capitalization-weighted index
  Constituent   All the ordinary stocks listed on the YSX
  Base date   25th March 2016
  Base point   MMK 1,000*
  Latest base market value   MMK 1,249,283,734,779.3500 (from 16th August 2017)

* Unit value of a stock index calculated in a method of Market capitalization-weight is, in principle, “point”. MYANPIX, however, adopts  “Myanmar Kyats (MMK)” as its unit value as YSX put investors understandability ahead of mathematical precision.

 

Calculation methods

 

 

 

 

 

Calculation example

Base point = MMK 1,000
Base market value (BMV) = MMK 100 billion

 

Stock A: Price = MMK 10,000, No. of shares = 4,000,000
Stock B: Price = MMK 15,000, No. of shares = 2,000,000
Stock C: Price = MMK 12,000, No. of shares = 5,000,000

 

CMV = (Market cap. of Stock A + Market cap. of Stock B + Market Cap. of Stock C)
         = MMK 10,000 * 4,000,000 shares + MMK 15,000 * 2,000,000 shares + MMK 12,000 * 5,000,000 shares
         = MMK 130 billion

 

MYANPIX = CMV / BMV * MMK 1,000
                 = MMK 130 billion / MMK 100 billion * MMK 1,000
                 = MMK 1,300

 

Adjustments

 

 

 

 

 

 

Licensing

YSX reserves all calculation, publication, logos and other rights pertaining to YSX-calculated Indices. As such, commercial use of such indices in the composition and/or sale of financial products such as funds or linked bonds, including using the index as the basis for options, swaps, warrants, or other OTC derivatives, or provision of index data requires a license from YSX.