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  • Chairman and Board of Financial Regulatory Commission to be Replaced
    Thursday, 18 December 2014
    still1217_00000.jpgThe Chairman of Financial Regulatory Commission (FRC) and four other commissioners of FRC handed their resignation letters. Yesterday on December 17, The Economic Standing Committee of the Parliament discussed the issue of dismissing the Chairman of FRC, D.Bayarsaikhan and nominating a new chairman. According to the law, Speaker Z.Enkhbold nominated Z.Narantuya, who is currently Speaker’s Economic Advisor, for a FRC Chairman. The dismissal of D.Bayarsaikhan and nomination of Z.Narantuya were approved by the Standing Committee vote. The Parliament will decide to confirm her as a new FRC Chairman on Friday December 19.  Mrs. Z.Narantuya was Deputy CEO at Mongol Post Bank and had worked at the Central Bank of Mongolia as a Department Head and she currently works as an Economic Advisor to Speaker.

  • Baganuur's Extraordinary Shareholders Meeting to be held
    Wednesday, 17 December 2014
    ban.jpgExtraordinary Shareholders Meeting of Baganuur (BAN:MSE) will be held on Wednesday 24 December 2014 at 14:00 in Baganuur District. The agenda and proposed resolution of the Extraordinary Shareholders Meeting are to approve 2015 investment and business plans. Shareholders by record day of December 1, 2014 are entitled to participate in the Shareholders Meeting. For more information you should contact your broker.

  • Shivee Ovoo's Extraordinary Shareholders Meeting to be held
    Tuesday, 16 December 2014
    shivee-ovoo-460.jpgExtraordinary Shareholders Meeting of Shivee Ovoo (SHV:MSE) will be held on Tuesday 23 December 2014 at 10:00 a.m. in Ulaanbaatar. The agenda of the Extraordinary Shareholders Meeting is to approve 2015 business plan. Shareholders by record day of December 4, 2014 are entitled to participate in the Shareholders Meeting. For more information you should contact your broker.

  • Finance Minister of Mongolia and Rio Tinto Copper CEO Agree to Set a Working Group
    Monday, 15 December 2014
    123.jpgOn December 12, 2014, Finance Minister of Mongolia J.Erdenebat received in his office the Rio Tinto Copper CEO Jean-Sebastian Jacques. During the meeting, parties exchange views and information on current activities at Oyu Tolgoi LLC as well as on Mongolia’s commences exporting of copper concentrate to Japan and economical beneficial issues from underground mining operations. Moreover, sides agreed to collaborate on establishing a working group in the near future to develop calculating system and registration of mineral royalties, corporate income tax and other tax levy and records.


  • Mongolia Prime Minister Says He'll Fix Conflict With Rio Tinto
    Friday, 12 December 2014

    ot_project.jpgPromising no more business as usual, Mongolia’s new Prime Minister Saikhanbileg Chimed said his priority is to resolve a dispute with the country’s biggest foreign investor, Rio Tinto Group, over developing one of the world’s largest copper and gold mines. In the midst of naming his new cabinet this week, Saikhanbileg met with the chief executive officer of Rio’s copper division Jean-Sebastien Jacques for what were described as highly constructive and collaborative talks, according to a person familiar with the discussions who asked not to be named because the meeting was private.


  • Bids announced for 18 sites
    Thursday, 11 December 2014
    27a1a1bd04329eb32e9c18f0d7d7339a_xl.jpgIn regard to the amendments to the Law on Minerals, made on the final meeting of the spring session of parliament, a decision was made to organize a bid for selecting the owners to the 106 licenses in 18 mining sites. The deadline for submission bids is January 9 of 2015, reports the Ministry of Mining on December 10.The bid was announced due to the cancellation of previous ownerships of the licenses by the decisions of three-stage courts. Selection process will begin right after the completion of the proposal submission. The companies must satisfy following requirements: to have paid 30 or more percent of the threshold price for the site of interest, to have no tax debts, to have no controversy over the court, and to have the financial capacity backed by guaranteed information from commercial banks.

  • Solution Government Assembled at Night
    Wednesday, 10 December 2014
    -10122014-1418185083-1994461783-151756-10122014-1418183791-726684100-zasag-gadaad_yam1.jpgYesterday was a packed day for the MPs as the State Great Khural discussed the Ministerial Candidates, which started in the morning and ended at night with approval of M.Enkhsaikhan as Minister of State. Solution Government members were approved speedily one by one accompanied with mandates, instructions and encouragements from MPs. There were too many on the list to discuss and therefore it took day and night to appoint the whole cabinet. After the approvals the MPs and the newly appointed Ministers were busy with handing over the State Stamps, so that MPs pulled all-nighter at the Parliament Building. As a result Mongolia has now fully operational cabinet.

  • Mongolia to form coalition government to 'overcome' economic crisis
    Monday, 01 December 2014

    bc25928a358b849eoriginal.jpgThe Democratic Party’s (DP) recently appointed Prime Minister Ch.Saikhanbileg will join hands with the Mongolian People’s Party (MPP), the opposition party in Parliament, to form a coalition government that promises to end the economic crisis without taking on more national debt. At Saturday’s MPP meeting, over 200 members of the party voted to form a coalition government at the request of the Prime Minister, a decision backed by the Mongolian Employers’ United Association and Trade Union.


  • Negotiation talks to form the new government in progress
    Wednesday, 26 November 2014

    a0654ec21150d105877cfeb5e39e3d31big.jpg The DP caucus in parliament has created a task force of 6 members in charge of negotiating with political parties and coalitions in parliament on the formation of the new government, and appointed MP M.Batchimeg as head of the task force. The task force is having its first meeting with political parties and coalition in parliament today, November 26th. New PM Ch.Saikhanbileg called for cooperation with political parties and coalitions with seats in parliament. The parties and coalitions responded differently to the call from the PM. The Mongolian People's Party scheduled a conference to discuss the issue on Friday, November 28th , while the Justice Coalition in parliament decided to review the issue in its caucus meeting.


  • Former PM N.Altankhuyag leaves for South Korean medical treatment
    Monday, 24 November 2014

    101dfab9181d92ff0528c785f368b67bbig.png Ousted PM N.Altankhuyag was in a serious motorcycle accident near Tsonjinboldog, outside of the city, over the weekend. The former PM was advised to seek medical treatment in South Korea, as hospitals in Mongolia were not equipped to treat the full extent of his injuries, so he left for South Korea on Sunday. Local reports say that the former PM suffered severe brain and spinal cord injuries and a collarbone fracture.


  • Ch.Saikhanbileg becomes PM
    Friday, 21 November 2014
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    The plenary session meeting of Parliament discussed the DP nomination for PM and accepted the candidate, Ch.Saikhanbileg, with a 95.5 percent approval and 2 rejections in a vote attended by 44 MPs. All 26 MPP caucus members were absent from the plenary session meeting to appoint a PM. Two votes against were from Kh.Battulga (DP) and Uyanga (MPRP).


  • Mogul Power LLC Signs Binding Memorandum of Understanding with Chinese State Owned Enterprise SEPCOIII Electric Power Construction Corporation
    Thursday, 20 November 2014
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    Mogul Power LLC, a Mongolian company founded and financed by two funds managed by an affiliate of New York-based Firebird Management LLC ("Firebird"), is pleased to announce that it has signed a binding Memorandum of Understanding (MOU) with SEPCOIII Electric Power Construction Corporation ("SEPCOIII"), a Chinese state-owned enterprise, for the development and financing of the Tevshiin Gobi power plant project. The management teams of Mogul Power LLC, Firebird, and SEPCOIII attended the sigining ceremony at the Embassy of Mongolia to the People's Republic of China in Beijing, and once again expressed their intention to work together to successfully develop the project.

  • Mongolia Investment Summit Hong Kong kicks off
    Wednesday, 19 November 2014
    2fb47dd0ddf6ba46d3df5276f3011b09big.jpg

    The annual Mongolia Investment Summit kicked off in Hong Kong on November 17th. One of the largest Mongolian investment event attracting Asia Pacific regional investors, it gives investors perspective to define Mongolia based operations and activities. The forum comes at the critical time, as Mongolia needs to reignite foreign direct investment  while it is forming a new government still in political negotiation.


  • Rio Hopeful Mongolia PM Change Will Unblock Oyu Tolgoi
    Tuesday, 11 November 2014
    rio-tinto-015.jpg

    Rio Tinto Group (RIO) sees a change of leadership in Mongolia as potentially positive for the stalled $5.4 billion expansion of the Oyu Tolgoi project, while leaving open the prospect for another writedown at the mine. The ouster of former Prime Minister Altankhuyag Norov last week comes as London-based Rio and Mongolia’s government continue negotiations on disputes around taxes and costs that have held up progress for more than 18 months on an underground extension to the copper and gold mine -- Mongolia’s single-biggest foreign investment.


  • China’s Xi Pledges $40 Billion for Silk Road Infrastructure Fund
    Monday, 10 November 2014
    xi.jpg

    Chinese President Xi Jinping pledged $40 billion to set up a Silk Road Fund that will finance the construction of infrastructure linking markets across Asia. The fund’s goal is to “break the connectivity bottleneck” in Asia, the official Xinhua News Agency cited Xi as saying during a meeting with officials from Bangladesh, Cambodia, Laos, Mongolia, Myanmar, Pakistan and Tajikistan. Representatives from the United Nations Economic and Social Commission for Asia and the Pacific and the Shanghai Cooperation Organization were also present, according to Xinhua.


  • Rio Tinto jobs go in Mongolian mining shake-up for Turquoise Hill Resources
    Friday, 07 November 2014
    rio_boss.jpg

    Rio Tinto's relationship with the Mongolian government faces an even bigger test than first thought, with the two of the company's most senior executives in the developing country following the Mongolian Prime Minister's lead by standing down. Less than 48 hours after Mongolian Prime Minister Norovan Altankhuyag was squeezed out of the top job by a no-confidence vote in parliament, the Rio subsidiary that controls the miner's interests in Mongolia announced that its chief executive and chairman were standing down.


  • GDP increases by seven percent
    Thursday, 06 November 2014
    statistics-statistik.jpg

    The Gross Domestic Product of Mongolia amounted to MNT 11,093.5 billion by the first nine months of 2014 in an assumption of comparable prices from 2010, showing an increase of seven percent against the same period of 2013. The National Statistics Office reports further, that this increase reflected positive changes of 15.4- percent in agricultural sector, of 15.3-percent in the industrial and construction sectors, and consists of rise in mining and expiring sectors (5%), agricultural industries (1.8%), and in other service industries (0.2%).


  • Opposition party votes from 26 ousted the Government's ruling party of 50
    Wednesday, 05 November 2014
    4950d96a6954ae2ad9e25ffcad6406a0original.jpg

    The 27th PM of Mongolia has been ousted, two years and three months since forming the "Reform Government". PM N.Altankhuyag was defeated by 36 MPs, with 54.5 percent of the votes of no confidence, out of 66 MPs who attended the vote. Twenty-six of those MPs who voted no confidence were opposition MPP caucus members and another 10 MPs were DP caucus members, including R.Amarjargal, R.Burmaa, J.Batzandan, Kh.Battulga, M.Zorigt, B.Narankhuu, and L.Erdenechimeg, and Justice Coalition members G.Uyanga, D.Battsogt, and L.Tsog, who pressed the reject button. Just one day before the motion for a no confidence vote, DP caucus members agreed to vote in favor of the PM to retain the Government, but showed no confidence for the PM on voting day. The DP rules include articles to dispel members if a vote by a caucus member results in the ousting of a DP led government.


  • DP holds a party consultation to review internal issues
    Monday, 03 November 2014
    zaluu_545848680ed34_1.jpg

    Authorities of the Democratic Party (DP) held a consultation at the State Palace to discuss internal affairs of the party, and review and exchange views on the current political situation. A total of 400 administrative workers from all provinces and city districts attended the closed meeting. The attendees demanded that the party quickly reach a consensus on allowing the head of the government to work with stable support. They reminded party leaders that they won’t leave UB until they can solve the political issues of the party.


  • Mongolia Eager for Oyu Tolgoi Deal by Year End, Official Says
    Friday, 31 October 2014
    ot_project.jpg

    Mongolia’s prime minister is pushing to end the deadlock with Rio Tinto Group (RIO) over the expansion of the Oyu Tolgoi copper and gold mine by the end of this year, according to an industry official of the landlocked nation. Prime Minister Altankhuyag Norov sent an order to solve the dispute by the end of this year to government departments including the Economic Development Ministry and the Mining Ministry, according to Khorloo Baatarkhuu, a counselor of Mongolian National Mining Association, who says he’s read the document from the premier’s office. Rio put the $5.4 billion underground expansion at the Oyu Tolgoi mine, the largest foreign investment in Mongolia, on hold in July 2013.


Daily Market Update
  • Khukh Gan (HGN:MO) to supply Beren Metals
    hgn_chart.jpg(Dec 02, 2014) On Monday, turnover reached over MNT 1 billion (~US$ 530K) as another block for Mon-It Buligaar (MBG) was traded. 34.5% of the company was traded at MNT 6,800 per share. MSE Top 20 index advanced +0.55% to 15,001.91 points as APU (APU), the largest company by market value on MSE, jumped +3.5% to close at MNT 3,780.

  • MSE Top 20 Powers Higher by 4.7%
    (July 7, 2014) In one of its strongest performances in the last 3 years, the MSE Top 20 closed 4.7% higher on volume of 54,000,000 MNT. Advancing stocks beat out decliners by a margin of almost 10-1, with 14 stocks trading up the daily limit of 15%.

  • Mongolian shares advance for 4th day in a row
    adl_chart.jpg(June 30, 2014) Mongolian shares advanced for the fourth day in a row. The MSE Top 20 index added +0.59% to end the session at 15,488.80. Out of 20 companies traded on the exchange, 14 stocks gained, 2 fell, and 4 remained same.

  • Mongolian Mining Corporation and Risun to Jointly Market and Sell Coal Products in China
    suu_chart.jpg(June 27, 2014) MSE stocks ended the week in green with 3-day advance. The benchmark index closed +0.46% higher at 15,398.32 points. Five stocks rose for every two stocks that fell on the bourse. Suu (SUU) was the most actively traded stock with MNT 29.9 million worth of shares exchanged hands.

  • APU (APU:MSE) Launches New Milk Factory
    apu_chart.jpg(June 26, 2014) Mongolian shares edged higher on Thursday. State Department Store (UID) was once again the most actively traded stock of the day. The stock closed -3.5% lower at MNT 560. Today APU (APU:MO) officially opened its new milk factory.

  • Turnover for Wednesday at $110 thous.
    (June 25, 2014) uid.jpgMSE stocks rebounded on Wednesday. The benchmark index gained +0.54% to finish the day at 15,326.05 points. State Department Store (UID) was the most actively traded stock of the day. It also led today’s gainers with +9.4% advance. Total of 310 thousand UID shares were changed hands at MNT 580.

  • Rio Disputes Mongolia Claim Over Unpaid Taxes
    mrx_chart.jpg(June 24, 2014) MSE stocks dropped for the second day in a row. The MSE Top 20 index fell -0.59% to sit at 15,243.17 points on Tuesday. Merex (MRX), the newest MSE-listed company, saw its share dropping -4.9% to close at MNT 106.04. The company offered its shares at MNT 100 per share in April. Tavantolgoi (TTL), the second largest company on the MSE by market value, declined -3.4% to sit at MNT 4,807.

  • Chairwoman of the Federation Council of Russia arrives
    suu_chart.jpg(June 23, 2014) Mongolia stocks started the week in red after 2-day advance. The benchmark index dropped -0.57% to 15,333.37 points on Monday. 246 thousand Silikat (SIL) shares worth of MNT 55.4 million were traded on the exchange. The company is buying back its shares at MNT 225.

  • Turnover for Friday at US$ 180 thousand
    tck_chart.jpg(June 20, 2014) MSE stocks ended the week in green. The MSE Top 20 rose +0.81% on Friday to sit at 15,420.95 points. The index gained +1.68% over the week. Mongol Nekhmel’s (MNH) 70 thousand shares worth of MNT 318.8 million were exchanged hands at a price of MNT 4,505 as a block trade.

  • Draft Law on Casino approved by the Cabinet
    beu_chart.jpg(June 18, 2014) On Wednesday, only 8 companies were traded on the MSE, but daily turnover recovered to MNT 32.5 million. Berkh Uul (BEU) was the most actively traded stock during the day. 9,785 shares of BEU worth of MNT 31.3 million changed hands at a price of MNT 3,200.

  • MSE stocks end 3-day advance amid low volume
    shv_chart.jpg(June 17, 2014) Mongolia stocks declined -0.29% ending 3-day advance on Tuesday amid low turnover. Turnover for the day was only MNT 5.5, one of lowest this year. Mongol Nekhmel lost -14.5% to close at MNT 5,300. Shivee Ovoo dropped -6.8% to hit its 9-month low of MNT 4,800. Berkh Uul (BEU) also fell -5.9% to sit at MNT 3,200, its lowest close since April.

     


  • Eight Korean businesses propose opening Mongolian branches
    hgn_chart2.jpg(June 16, 2014) The MSE Top 20 index rose for the third day in a row to gain +0.3% to end at 15,210.38 points. Khukh Gan (HGN) led the gains with +14.7% increase, followed by Hermes (+3.33%). On the other hand, Material Impex (-6.5%) dropped to MNT 14,500, and Makh Impex (-5.2%) fell to MNT 2,920.

  • Silikat buys back shares
    sil_chart.jpg(June 13, 2014) On Friday, almost MNT 3 billion worth of shares changed hands on the MSE. Silikat repurchased MNT 3 billion worth of 13.3 million of its shares. 2013 Silikat Annual General Meeting, which was held last April, decided to cancel the IPO of 2011 and buy back its 16.2 million shares at price of MNT 225 per share.

  • Khukh Gan (HGN) drops to near 5-year low
    hgn_chart.jpg(June 11, 2014) MSE stock dropped on low volume. On the bourse, only 10 companies were traded with total turnover of MNT 11.2 million on Wednesday. Sharyn Gol (SHG), which is the 3rd biggest company in the MSE Top 20 index, fell -5.1% to close at MNT 7,120.

  • MSE stocks fell amid unexpected selloff
    tck_chaty.jpg (June 10, 2014) The unexpected selloff at the MSE resulted the Top 20 index to lost as much as -3.66% after declining -0.05% on Monday. Out of 14 Board A companies traded on the bourse, all except Suu (SUU) ended the session in red.

  • Silikat JSC's securities trading suspended
    mie_chart.jpg(June 6, 2014) Mongolia stocks edged up +0.03% to extend its winning session to four straight trading day. According to Silikat JSC’s shareholders meeting decision of 30 April 2014, FRC announced the suspension of securities trading of Silikat JSC starting from 3 June 2014, according to the Mongolian Stock Exchange.

  • MSE stocks up for third day
    mib_chart.jpg(June 5, 2014)Mongolia stocks close higher for third day in a row. The MSE Top 20 added +0.81% to sit at 15,570.61 points. Moninjbar (MIB), Mongol Nekhmel (MNH), Telecom Mongolia (MCH), and Gazar Suljmel (SUL) gained more than 10 percent.

  • Mongolian stocks rise for second day
    ttl_chart.jpg(June 4, 2014) Mongolia shares closed in green for a second day, following yesterday’s +3.8% increase. The benchmark index added +1.34% to end the session at 15,444.87 points. Out of 31 stocks traded, 17 were up, 9 were down, while 5 stocks remained same. Gutal (GTL), State Department Store (UID), Aduunchuluun (ADL) and Eermel (EER) soared more than 10 percent.

  • MSE stocks surge 3.8% to wipe out 7-day losses
    shv_chart.jpg(June 3, 2014) MSE Top 20, the benchmark index of the market, surged +3.8 percent on Tuesday wiping out its 7-day losses. Out of 20 companies traded on the bourse, 10 companies advanced and only 1 company decreased. Shivee Ovoo (+12.5%) led gains followed by Tavantolgoi (+10.1%), and APU (+6.2%).


  • Cabinet discusses PM's participation in SPIEF
    apu_chart.jpg(June 2, 2014) Mongolian stocks fell for a seventh day, led by declines in Material Impex (-6.0%), APU (-2.9%), and Darkhan Nekhii (-2.6%). APU (APU), the largest beverage producer of the country, has been the biggest dragger of the index recently. APU extended its losing streak to 4 consecutive days of trading, sliding 2.9 percent today to an 18-month low. In March 2014, the company reported a 32 percent drop in annual sales and a 83 percent drop in annual earnings for the fiscal year 2013. The shares are recently trading at 62.8 times earnings. APU introduced fully automated logistics center and Kaltenberg products in 2013.

BDSec WEEKLY
  • BDSec WEEKLY - 15th week
    (Apr. 8th - Apr. 12th) MSE Top 20 index lost 0.26% to 15,017.8 points whilst BDS index went down to 0.74% to 3,133.1 points. Despite the fact that companies reported strong financials in 2012 which have started being announced to the public at their annual general meetings this month, both indexes have been losing value for 12 weeks in a row, reaching its 27-months low value.

  • BDSec WEEKLY - 8th week
    (Feb 18th - 22th) MSE listed companies started announcing their year-end financials: net profit of most actively traded companies has grown by 42.1% in 2012 and sales revenue of those companies went up by 25% in the same year

  • BDSec WEEKLY - 6th week
    (Feb 4th – Feb 8th) Market closed at lower value on the verge of Lunar New Year: MSE TOP20 index went down by 0.3% to 17,627.3 points whilst BDS index dropped by 2.0% to 3,767.0 points.

  Market summary
Index
value Change Date
BDS
3214.02 -1.64% 2014-12-22
TOP20
14475.20 -1.55% 2014-12-22
Stock Market Information
  • Standard
  • Non-standard
Symb Volume Close Change
APU
2097
3738
1.03%
HBO
1050
460
6.77%
GOV
200
7500
0.00%
MSE | 2014-11-14
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Exchange Rate

Metal Ask Bid
68,604.18
68,731.50
1,097.92
1,225.24
 
Date : 2012-06-14
Petrol Ask Bid
1950
0
1850
0
1500
0
Date : 2012-03-26
Bond name
Par value
Interest% (month)
100000 USD
6.25 %
10$ USD
11
5000 төгрөг
1.64


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