Category
- Agriculture
- Automobiles and Machinery
- Bank, non banking financing, investment
- Blasting
- Construction
- Consumables
- Education
- Energy
- Engineer , Architecture and Geodesy
- Finance, Audit,Accounting and Brokerage
- Food
- Foreign Trade
- Geology Exploration
- Health
- Information Technology
- Insurance
- Labor Safety
- Legal and Business consulting
- Lighting
- Mining equipment
- Mining Services
- Other product and service
- Road
- Sewing and textile products
- Transportations
- Travel
Events
Stock trades reach all-time high at MNT 210 billion www.zgm.mn
Along with the economic growth of over 6 percent, stock trades at the Mongolian Stock Exchange (MSE) reached its record high of MNT 210 billion in 2018. Aside from four new IPOs and one seasonal issue, Erdene Resource Development Corporation issued a dual-listing. These five firms raised over MNT 30 billion from the domestic stock market. In specific, primary market trades accounted for 15 percent of total trades. This shows that new IPOs intensified both primary and secondary market trades last year. However, the Cabinet decided to cease the primary market trades of Government securities starting from November 2017, which was also one of the reasons behind active stock trades as investors turned to stocks amid lack of Government securities according to some experts.
Overall capitalization of firms included in the Top 20 Index stood at MNT 1.97 trillion as of the end of 2018, accounting for 78.7 percent of total market capitalization of MSE-listed companies. Compared to the same period of 2017, the amount fell by MNT 62.4 billion, in which the market capitalization of 15 companies dropped by over MNT 246 billion. As for the other five firms, the market cap increased by a total of MNT 183.7 billion. The highest growth was seen in MIK Holding JSC, increasing MNT 89 billion within a year, while APU JSC had the biggest fall of MNT 100.7 billion.
MNT 105.6 MILLION TRADES CONDUCTED AT MSE ON FIRST TRADING DAY OF 2019
On the first trading day of 2019, a total of 283,277 units of stocks worth MNT 105.6 million were traded at the MSE and none were conducted at the Mongolian Securities Exchange. Tier I-listed eight firms accounted for the majority of trades, totalling MNT 78.3 million, while Tier II firms made up MNT 26.4 million and Tier III - MNT 868,300.
traded at the MSE and none were conducted at the Mongolian Securities Exchange. Tier I-listed eight firms accounted for the majority of trades, totalling MNT 78.3 million, while Tier II firms made up MNT 26.4 million and Tier III - MNT 868,300.
Published Date:2019-01-03
