1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Mongolia repatriates over 24,500 nationals amid pandemic www.xinhuanet.com

More than 24,500 Mongolian nationals have returned home so far since the COVID-19 outbreak, the country's National Emergency Management Agency (NEMA) said Wednesday.
"Since the COVID-19 outbreak, our country has evacuated a total of 24,553 nationals on chartered flights and buses or trains from COVID-19-hit countries," Batmunkh Uuganbayar, deputy head of the NEMA, said at a press conference.
"We planned to repatriate 2,700 stranded nationals from abroad on 11 chartered flights this month, and over 1,500 of them have been repatriated so far," Uuganbayar added.
The Asian country has confirmed 320 COVID-19 cases so far, all imported.
Thanks to the early introduction of social distancing and rigid health protocols for cross-border flows, no local transmissions or deaths have been reported in Mongolia so far.
The country entered a heightened state of readiness on Feb. 12 to prevent the spread of COVID-19, including the suspension of international passenger flights.
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In Central Asia, a Soviet-era electricity network could power future energy sharing www.adb.org

With expanding regional cooperation and a readily available platform, the building blocks are in place for Central Asia to achieve energy security, resilience and economic competitiveness.
When countries cooperate, they prosper. Increased dialogue between nations can boost trade in goods and services, open larger markets for businesses, and strengthen energy security. Energy sharing is particularly important in Central Asia – a region with rich but unevenly distributed fossil fuel and hydro resources.
In the Central Asia Power System – a Soviet-era electricity grid – the region has a readily available platform that can help expand energy trading and boost regional energy security.
Kazakhstan, Turkmenistan, and Uzbekistan are rich in fossil fuels, while the Kyrgyz Republic and Tajikistan have extensive hydropower. Yet in winter, the hydro-rich countries suffer from power shortages due to a combination of reduced water flow and higher demand for heating. The solution is for these countries to share energy.
To achieve this, they need physical infrastructure such as transmission lines to move electricity in bulk and a governance structure to ensure the market functions properly. An integrated system would enable the hydro-resource rich nations to buy electricity from their fossil-fuel rich neighbors in winter, while surplus power can flow in the opposite direction in summer.
The good news is that countries in Central Asia have begun to expand regional cooperation. In August 2020, Afghanistan and Uzbekistan signed a decade-long power purchase agreement while a new 500kV transmission line will connect both countries. In 2019, the Central Asia Regional Economic Cooperation (CAREC) Program’s 11 members signed a landmark energy cooperation agreement.
Investments have continued to flow into the region’s other mega projects including the Turkmenistan-Uzbekistan-Tajikistan-Afghanistan-Pakistan electricity project, the Central Asia South Asia Electricity Transmission and Trade Project, and the Turkmenistan-Afghanistan-Pakistan-India gas pipeline.
With strong momentum towards greater regional connectivity, there is renewed attention on the strategic importance of the Central Asia Power System. Built in the 1970s, power sharing under the system has steadily declined in recent decades. But given the system connects Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan, it can act as a readily available platform for regional energy security.
Here are four ways to help advance the regional electricity grid as a platform for deeper regional integration.
First, it is essential to ensure adequate transmission capacity in the region, which is a pre-requisite to enabling power trading. Transmission systems in Central Asian countries are generally old and inadequate – they must be strengthened at the country level to meet fast-growing national demand. In parallel, regional interconnectivity needs to be conceived to enable power to flow to other countries.
However, cross border interconnectors will need to generate large bilateral gains to outweigh the costs and thus should be thoroughly and independently studied. Longer-term, ongoing regional network development plans supported by the Asian Development Bank will help to identify critical corridors for regional interconnections.
Second, harmonizing regulations to facilitate greater power trading. Currently, power is traded across the region based on bilateral contracts with agreed tariffs between two parties, while ancillary services such as frequency regulation follow established rules in the Central Asia Power System and interconnected Russian system.
Instead of re-inventing the wheel, the rules of the Central Asia Power System could be further refined and harmonized to provide better governance which could facilitate trading. The Coordinating Dispatch Center, CDC Energia, located in Tashkent, Uzbekistan for example, could function as a regional transmission system operator.
Different market mechanisms need to be assessed for deeper integration including market pooling and day-ahead/real-time trading, which can facilitate different forms of electricity trading between countries. This may also lead to more competition than in bilateral arrangements and result in more efficient use of resources.
Based on past experiences, this will be a long and complex process so a roadmap for reform and development of the regional power market should also strengthen the institutional and governance arrangements, and the design of the integrated power market.
Third, domestic reform efforts must continue. The region is characterized by a range of market structures and uneven market development because of the varying speeds of electricity market reform. While regional trade can still happen without significant market reforms, in many cases, effective electricity trade also requires reform at the domestic level. For instance, energy subsidies, particularly fossil-fuel subsidies, should be phased out gradually as they distort the accurate prices of the traded power, making price determination difficult without cross-subsidizing neighbors.
Third-party access to their transmission networks is necessary for power transit to move through different jurisdictions. Measures to improve the sustainability of a country’s own electricity market are pivotal to the creditworthiness of power importers and exporters. Going forward, continuous regional commercial power trading will eventually require a more flexible market structure. Renewed attention needs to be paid to electricity market reform at the country level.
Lastly, the Central Asia Power System can serve as the springboard to introduce more renewable energy into the region’s energy mix. The system was originally designed to balance the uneven distribution of fossil fuels in Kazakhstan, Turkmenistan, Uzbekistan, and hydro resources in Kyrgyzstan and Tajikistan through electricity trading - the same principle can facilitate the shift to green energy systems of countries by relocating carbon emissions from one country to another that can manage emissions more efficiently, and eventually reducing them.
One of the benefits of regional interconnection includes shared reserve margins which can introduce additional capacity in the region, and act as a buffer against energy intermittency – one of the main factors affecting renewable energy. Given that solar and wind-based systems are dependent on the amount of sunlight and wind at any given time and can be subject to seasonal variations, electricity from these sources is inherently affected by intermittency.
Better interconnected capacity would enable countries to use the capacity from neighbors, enabling greater flexibility to accommodate variable renewable energy in the region. A reformed Central Asia Power System could spur private sector investment to further accelerate the expansion of renewable energy. Smarter and innovative technical solutions should be considered at the regional level under broader initiatives such as the Central Asia Regional Economic Cooperation program.
With strong momentum to expand and deepen regional cooperation, and a readily available platform, the core building blocks are in place in Central Asia. With further reforms to strengthen regional connections, the resulting energy security, resilience and economic competitiveness will in turn build the confidence essential for further investments in the region.
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Mongolia’s removal from FATF grey list supported at ICRG meeting www.montsame.mn

Ulaanbaatar /MONTSAME/. A meeting of the International Cooperation Review Group (ICRG) of the Financial Action Task Force (FATF) to discuss final recommendation to the FATF Plenary session held virtually yesterday.
According to Minister of Finance Ch.Khurelbaatar, the participating representatives of more than 100 countries unanimously supported Mongolia’s removal from the list of countries with strategic deficiencies or so-called ‘Grey List’ during the meeting based on the reports presented by the team who visited Mongolia to conduct an on-site assessment.
The Minister tweeted, “Although we were expecting a positive result, everyone was truly happy to hear that Mongolia’s removal from the grey list has been supported”, saying that it came into reality as a result of significant efforts and contribution made by everyone involved in the process.
The final decision regarding Mongolia’s removal from the list will be made at the FATF Plenary session which will be held virtually on October 21-23.
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Government secure over MNT 2 billion to build fodder reserves in some regions www.montsame.mn

The cabinet resolved to allocate MNT 1.96 billion from the government contingency fund for the preparation of fodder and hay reserves for Bayankhongor, Gobi-Altai, Gobisumber, Dornogobi, Dundgobi, Zavkhan, Umnugobi, Uvurkhangai and Tuv aimags, which experienced poor summer weather.
Also, over MNT 400 million to be allocated for putting aside green fodder and bran in inter-aimag ‘otor’ regions – the emergency grazing reserves areas, in Zavkhan, Uvs, Gobisumber, Bulgan, Khentii, Gobi-Altai and Khovd aimags.
Deputy Prime Minister Ya.Sodbaatar has worked in some rural aimags to check preparations for the upcoming winter and spring seasons. Requests have been forwarded to the government to provide support to over 2,685 herder families in the aforementioned regions, where pastures are overgrazed and had poor summer, as well as to tackle issues concerning water and electricity supply in Dundgobi and Umnugobi aimag.
Moreover, at the meeting, the cabinet decided to earmark more than MNT 3.8 billion from the government’s contingency fund for the following purposes:
- To cover expenses of accommodation for employees and officers of healthcare, police, professional inspection, emergency services working at the isolation facilities and MIAT Mongolian Airlines crew members in connection with the COVID-19 pandemic;
- To rebuild and mitigate the damages caused by natural disasters and hazards took place in Arkhangai, Bayan-Ulgii, Gobi-Altai, Uvurkhangai, Sukhbaatar, Tuv and Khuvsgul aimags;
- To deliver sterilizing machines and other necessary equipment and disinfectants and sterilization products to the National Rescue Brigade, emergency and inspection departments in the capital city and some aimags, and
- To provide Ger homes and other essential items for people who have lost their homes from the state reserve.
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BHP says Chinese coal customers have made deferment requests www.reuters.com

BHP Group has received deferment requests from Chinese coal customers, chairman Ken MacKenzie said on Wednesday, after reports that China had put a freeze on accepting Australian coal amid trade tensions between the two countries.
“We understand there may be some new developments relating to how China plans and moderates imports versus its own domestic coal production,” MacKenzie told reporters.
“Our commercial team has recently received deferment requests,” he told a briefing after the miner’s annual general meeting, adding, “It would be concerning if the rumours were true.”
MacKenzie did not specify whether he was referring to BHP’s thermal or metallurgical coal.
Trade industry reports late last week suggested that some Chinese ports had been told not to accept either type of Australian coal, and that such shipments were being sold along to other markets at the last minute.
China’s coal imports had been expected to slow in the second half, after heavy imports earlier this year and weaker than expected demand due to coronavirus-related disruption, spurring China to act to support its domestic industry.
Customs data shows that China has taken less coal from Australia and also Indonesia in the past month.
Australian politicians have played down the issue, with Prime Minister Scott Morrison on Tuesday characterising China’s move to put quotas around imports as “not uncommon.” Australian coal shipments to China were delayed in February last year.
Australia’s ties with top trade partner China soured in 2018 when it became the first country to publicly ban China’s Huawei from its 5G network, and worsened after Canberra called for an enquiry into the origins of the coronavirus.
China is the biggest importer of Australian coal, taking 27% of its metallurgical coal in the year to June and 20% of its thermal coal, which the Australian government estimates was worth A$13.7 billion last year behind China’s iron ore imports which were worth A$84.9 billion.
(By Melanie Burton; Editing by Louise Heavens)
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China’s reported ban on Australian coal escalates dispute beyond mere nuisance www.reuters.com

(The opinions expressed here are those of the author, Clyde Russell, a columnist for Reuters)
China has reportedly told coal traders and users to stop imports from Australia with immediate effect in a move that would choke a major trade channel for both countries, a major escalation of political tensions between the pair.
Commodity price reporting agencies S&P Global Platts and Argus, as well as other media outlets, reported in recent days hearing from unnamed sources that Beijing had given “verbal” instructions to some steel mills, power companies and coal traders to halt imports from Australia.
If the reports are accurate – there has been no official confirmation yet – it would constitute a serious deterioration in the relationship between Australia and its largest trading partner. Coal is one of the big three Australian commodity exports to China, coming in behind iron ore and liquefied natural gas (LNG).
Ties between the two have been severely strained on a political level by Canberra’s call for an international investigation into the novel coronavirus pandemic, which originated in China before spreading globally.
So far Beijing has effectively banned imports of Australian barley, placed restrictions on wine and meat, and discouraged students and others from travelling to Australia.
While these measures certainly are negative to the sectors involved, they are still relatively insignificant when compared to the overall trading relationship between Australia and China.
Australia is China’s top supplier of iron ore and coking coal, the two main ingredients used to make steel, while also being a major provider of LNG and thermal coal, used predominantly in power stations.
It’s worth noting that this isn’t the first time that China has supposedly imposed some sort of ban, or go-slow, on imports of coal from Australia.
The most recent occasion was in March 2019, when there was reported to be an unofficial slowing of customs clearances of Australian cargoes.
However, despite extensive reporting on the delaying of shipments, Australian coal exports to China seemed to show very little impact, with a small dip in February 2019 being made up a rebound in March that year.
It will take several months to work out if China is being more serious this time around, or if the reported import restrictions are just part of the wider cut and thrust of the ongoing political tensions.
In the meantime, vessel-tracking and port data compiled by Refinitiv show that China has already been slowing imports of Australian coal.
September imports of all coal types from Australia were 5.48 million tonnes, down from 6.04 million in August and 8.17 million in July.
In year-to-date terms, China imported 67.68 million tonnes from Australia in the first nine months, a drop of 7.3% from the same period in 2019.
Still, it’s worth noting that Indonesia, traditionally the biggest supplier of coal to China, has seen steeper declines: China’s imports from Indonesia in September were 4.18 million tonnes, the lowest since Refinitiv started vessel-tracking in January 2015.
For the first nine months of 2020, China imported 86.63 million tonnes from Indonesia, down 17% from the same period last year.
China is believed to have been restricting coal imports, particularly thermal grades, in order to support prices for domestic miners, and it appears that so far Indonesia has taken a bigger hit than Australia.
Escalation fears
Another factor worth noting is that while coal is one of the big three Australian commodity exports to China, it’s still the one upon which China is least reliant, and Beijing has a realistic chance of being able to source alternative supplies.
In thermal coal, China can source similar grades from Russia, South Africa, Colombia and the United States without incurring too much of a financial penalty through higher freight charges.
In coking coal, the situation is somewhat tricker.
AUSTRALIA SUPPLIES ABOUT 68% OF CHINA’S IRON ORE IMPORTS
Australia’s share of China’s coking coal imports in the first half of 2020 was about two-thirds, according to the Australian government’s latest Resources and Energy Publication.
Australia is the world’s largest coking coal exporter, supplying about 55% of the traded market.
If China were to stop importing from Australia, it would have to scramble to buy whatever it could from neighbouring Mongolia and Russia, as well as Canada and the United States.
While the price of Australian coking coal would no doubt suffer, the prices of these other types would also likely rally strongly: Cutting off imports from Australia will potentially be a costly exercise for Beijing.
It would also make coking coal cheaper for regional steel-making competitors, such as Japan, South Korea and India, handing those countries an advantage in the highly competitive steel export market in Asia.
These may be costs Beijing is willing to bear in its bid to keep Australia in check, but there is always a risk of undue and unforeseen escalation of the conflict.
The conservative government of Prime Minister Scott Morrison may deem it worth the risk of retaliating, with the obvious candidate being Australian iron ore, upon which China is heavily reliant.
Australia supplies about 68% of China’s iron ore imports, and there is absolutely no way the rest of the world could make up for the shortfall if shipments were halted.
Given the reliance of the Chinese economy on steel as the key component of infrastructure, construction and manufacturing, an Australian ban on iron ore exports would have a far bigger impact on China than a Chinese ban on Australian coal imports has on Australia.
(Editing by Kenneth Maxwell)
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Mongolia's capital to buy 200 school buses to ease traffic, boost safety www.xinhuanet.com

The municipal government of Mongolia's capital Ulan Bator said Tuesday it is buying 200 more school buses this year to reduce traffic congestion and ensure student safety.
"To improve access to the school transportation, we planned to buy 200 more school buses within this year. Today, we are handing over the first 75 buses to relevant schools," the city's mayor's press office said in a statement.
Traffic congestion has been one of the most pressing issues in the Mongolian capital for many years.
Parents driving their children to school are said to be one of the major factors of the traffic congestion in the city.
To cope with this problem, Ulan Bator, home to more than half of Mongolia's population of 3.2 million, launched a school bus service with 40 buses last year. Enditem
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4.4 thousand foreign workers from 92 countries employing in Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ In the third quarter of 2020, 4.4 thousand foreign workers from 92 foreign countries were employed with labor contract in Mongolia including persons in employment work for pay or profit and persons in volunteer work without pay or profit. Compared with the same period of the previous year, the number of countries decreased by 9 and the number of foreign workers decreased by 6.0 thousand persons (57.7%).
Out of all foreign workers with labour contract in Mongolia, 3.8 thousand (86.7%) were male and 0.6 thousand (13.3%) were female. From all foreign workers in Mongolia, 47.0% is from China, 6.6% is from Russian Federation, 5.9% is from Australia, 4.6% is from South Korea, 4.2% is from Vietnam, 4.0% is from United States, 3.4% is from South Africa, 2.9% is from Philippines, 2.4% is from Great Britain, 1.7% is from Japan and remaining 17.3% is from other countries.
By age groups of foreign workers, the highest percentage or 18.4% was persons aged 45-49, 15.0% was persons aged 35-39, 14.8% was persons aged 40-44 and the lowest percentage or 2.1% was persons up to 24 years. The number of foreign workers increased by 504 persons or 13.0% from the previous quarter.
Out of total foreign workers in the third quarter of 2020, 1.7 thousand foreign workers (39.3%) are working in mining and quarrying sector, 709 workers (16.2%) are working in wholesale and retail trade, repair of motor vehicles and motorcycles, 614 foreign workers (14.0%) are working in education sector, 472 workers (10.8%) are working in construction sector, 294 workers (6.7%) are working in manufacturing sector, 217 workers (4.9%) are working in transportation and storage, 126 workers (2.9%) are working in administrative and support service activities, and 0.2 thousand foreign workers (5.2%) are working in other sectors.
National Statistics Office
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Revenue from rail transport increased by 9.5 percent www.montsame.mn

Ulaanbaatar /MONTSAME/ In the first 9 months of 2020, 22.1 million tonnes of freight were carried by railway transport, increased by 1.7 million tonnes (8.1%) compared to the same period of the previous year. This increase was mainly due to 1.4 million tonnes (18.8%) increase in export freight, 258.4 thousand tonnes (8.8%) increase in transit freight, respectively.
In September 2020, carried freight reached 2.7 million tonnes and increased by 52.1 thousand tonnes (2.0%) compared to the previous month. In the first 9 months of 2020, 82.6% of carried freight by railway transport was mining product, 10.6% was construction materials, 1.8% was black iron, 0.8% were agricultural products, 0.9% was consumer food products, 0.5% was wood products and 2.8% was other products. In the first 9 months of 2020, 1.6 million passengers (double counting) carried by railway transport.
The number of carried passengers decreased by 522.5 thousand (24.1%) compared to the same period of the previous year. This decrease was mainly due to 438.2 thousand passengers (21.2%) decrease in domestic passengers. In September 2020, the number of passengers reached 225.7 thousand tonnes and decreased by 55.9 thousand (19.8%) compared to the previous month.
In the first 9 months of 2020, revenue from railway transport reached MNT 575.3 billion, increased by MNT 50.1 billion or 9.5% compared to the same period of the previous year. This increase was mainly due to increase in the transit and mining products, especially from iron ore, zinc concentrate. In September 2020, the revenue reached MNT 67.7 billion and decreased by MNT 3.2 billion (3.5%) compared to the previous month.
National Statistics Office
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Securities traded at stock market dropped by 73.2 percent from last year www.montsame.mn

Ulaanbaatar/MONTSAME/. According to the first nine months of 2020, securities worth MNT 34.8 billion were traded at the national stock market, which showed a decrease of MNT 94.9 billion (73.2%) compared to the same period of the previous year.
In September 2020, 1.8 billion pieces of securities worth MNT 14.5 million were traded at the national stock market, with a decrease of MNT 1.4 billion (43.4%), while the amount of traded securities rose by 258.1 thousand (1.8%) pieces of securities compared to the same period of the previous year. The total turnover of stocks decreased by MNT 3.3 billion (64.5%), and the pieces of securities declined by 9.1 million pieces (38.6%) from the previous month.
In September 2020, the average of indices of the top 20 financial markets was 17176.2 units, increased by 457.4 units from the previous month, but decreased by 2141.3 units from the same period of 2019.
In September 2020, the total value of joint-stock companies operating at stock markets reached MNT 2.6 trillion, increased by MNT 10.7 billion (0.4%) from the previous month, and MNT 120.9 billion (4.9%) from the same period of the previous year.
Source: National Statistics Office
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