Myanmar’s stock exchange began trading on 25/3/2016 with one listed company and without access to foreign capital at the moment.

The Southeast Asian nation’s economy was devastated by nearly 50 years of economic mismanagement under the military government which ended direct rule of the country in 2011.

First Myanmar Investment Co, run by local business magnate Serge Pun, began trading at 31,000 kyat ($25.50) a share on the Yangon Stock Exchange in a downtown colonial-era building that was once home to the central bank.

The financial-services, real-estate and health-care conglomerate, better know as FMI, hasn’t issued any new shares but is moving those that had been traded by dealers in private settings onto the formal exchange