19th May 2016
Announcement of the base price (MTSH)
The base price of MTSH (00002) to be listed on YSX on 20th May 2016, its upper and lower limit price and tick size of the listing date are as follows;
● Base price: MMK 40,000*
● Upper limit price: MMK 50,000
● Lower limit price: MMK 30,000
● Tick size: MMK 500 (up to MMK 40,000), MMK 1,000 (above MMK 40,000)
“Base price” is the price to determine the “upper and lower limit price” of the day. The price is not intended to mean a kind of predetermined or anticipated matching price.
Investors may place a “Limit order” at any price between the upper and lower limit price or “Market order” not to name the price for gaining priority to buy or sell a stock.
If investors place a Market order, it doesn’t mean it will always be matched at the base price. It can be matched between the upper and lower limit price based on balance of supply and demand.
* MTSH’s base price is determined to round the price of market value assessment, MMK 40,500, estimated by CB Securities down to the 1,000 according to the table of tick size stipulated in the Enforcement Regulations for Trading Business Regulations.