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  • Mongolia Eyes Changing Laws to Stimulate Mining Investment
    Wednesday, 23 April 2014

    commodities-boom-mining-007.jpgMongolia’s government said it intends to submit two bills to parliament that could stimulate its mining sector and stoke investment. The first bill would annul a June 2010 law suspending the issue of new exploration licenses, providing opportunities for companies to explore deposits that include coal, copper and gold, according to the government’s website, citing a meeting on April 19. The second would amend guidelines applied to a July 2009 law on rivers and forests, to allow mining in areas previously off-limits due to environmental concerns.


  • Ch.Saikhanbileg submits draft resolution of parliament
    Tuesday, 22 April 2014

    saikhanbileg_enkhbold.jpgOn Friday, head of the Cabinet Secretariat for Government Ch.Saikhanbileg submitted to the Speaker a draft resolution of parliament on some measures of intensifying the economy in order to urgently discuss it at the spring session of parliament. A soar of currency rates against Togrog is badly affecting purchasing capability of people, so it is required to keep a sustainable and high growth of the national economy by stabilizing currency rates and reducing the inflation rate, Saikhanbileg said.


  • Annual General Meeting of BDSec
    Monday, 21 April 2014

    agm_bdsec_2014.jpgBDSec’s Annual General Meeting (AGM) was held on Friday, 18 April 2014 in Ulaanbaatar. 89.34 percent of shareholders were personally present or represented by a proxy at the AGM. The AGM discussed and approved following matters:


  • Turquoise Hill Gains as Mongolian PM Gives Mine Funding Support
    Friday, 18 April 2014

    prime_minister.jpgTurquoise Hill Resources (TRQ) Ltd. rose to a one-month high after Mongolia’s Prime Minister Altankhuyag Norov said his government fully supports project financing to restart construction on the second phase of the Oyu Tolgoi mine. The four or five issues holding up the financing agreement are not connected to the government, Altankhuyag yesterday told a group of foreign investors, adding that his government has signaled to partner Rio Tinto Group that Mongolia is ready to wrap up the funding.


  • Breakthrough in sight: PM asks Rio Tinto to resume talks
    Thursday, 17 April 2014
    pm_and_sam.jpgThe Mongolian Government has blinked, and taken a step to resolve the impasse over the second phase of the Oyu Tolgoi project. Expressing the hope that this will “open a new chapter in our relationship”, Prime Minister Altankhuyag wrote a letter to Rio Tinto CEO Sam Walsh on March 27, saying talks on financing the mine’s further development can be resumed without waiting for the completion of the feasibility study. He, however, asserts that the Government has not been responsible for the delay in deciding on the issue.

  • Turquoise Hill announces first quarter 2014 production and provides update on project financing
    Wednesday, 16 April 2014
    turquoise-hill-resources.jpgTurquoise Hill Resources today announced the first quarter 2014 production for Oyu Tolgoi and provided an update on project financing. Production at Oyu Tolgoi in Q1‘14 was heavily impacted by post commissioning issues, including rake blade failure in both of the tailings thickeners, which caused the shutdown of one production line for approximately seven weeks. Repairs to the rakes have been completed and full production recommenced in late March. The concentrator also completed a number of major planned shutdowns in Q1’14, including ball mill relines and the first concave change in the primary crusher.

  • Parliament of Turkey approves visa deal with Mongolia
    Tuesday, 15 April 2014
    turkey.jpgParliament recently approved an agreement to begin visa liberalization in the travel of Turkish and Mongolian citizens to each other's countries. The governments of Turkey and Mongolia signed a cooperation agreement intended to promote friendly relations and facilitate the travel of citizens of both countries on Oct. 10, 2013 in the Turkish capital, Ankara. The deal paves the way for 30 days of visa-free travel for citizens of these countries, regardless of the type of passport.

  • Melia Hotels International brings Spanish luxury to Mongolia with the opening of Gran Melia Ulaanbaatar
    Monday, 14 April 2014

    melia.jpgBaz International and Melia Hotels International signed an agreement for management of the newly-built Gran Melia Ulaanbaatar. The 150-room hotel, to be added to the Gran Melia Hotels & Resorts luxury portfolio, is scheduled to be open in 2017. Located at the top 12 floors of the newest skyscraper in Ulaanbaatar, it will count with a rooftop restaurant and helipad, and the signature Yhi Spa, Red Level and RedGlove Service concepts. Its proximity to the main financial and government areas will allow it to become the preferred choice for both business and leisure travelers. 


  • Hagel Gets Gift Horse in Mongolia After Pledging Support
    Friday, 11 April 2014

    hagel.jpgDefense Secretary Chuck Hagel was gifted a nine-year-old horse during a visit to Mongolia, where he pledged the U.S. would continue aiding the country’s military modernization. Hagel, who named the horse Shamrock after his school mascot and handed him over to the care of a local herder, is the first Pentagon chief to visit Mongolia in nine years. He met in Ulaanbaatar with Defense Minister Bat-Erdene Dashdemberel and Prime Minister Altankhuyag Norov, and the two countries signed a statement pledging U.S. assistance for the land-locked nation’s efforts to upgrade its armed forces.


  • Joint railway company established
    Thursday, 10 April 2014

    joint_railway.jpgMongolian mining companies Erdenes Tavantolgoi, Energy Resources and Tavantolgoi, together with the Chinese Shenhua Energy Co signed Monday an agreement to establish a joint railway venture. This agreement follows a decision the cabinet meeting made on March 21 permitting Erdenes Tavantolgoi LLC to establish a joint railway company, within goals to enhance the coal exports and thereby improve the foreign trade balance.


  • Draft resolution submitted
    Wednesday, 09 April 2014

    8b7769678e7a1d3a4238ce63387e4f01_xl.jpgEconomic Development Minister N.Batbayar submitted Monday a draft resolution of parliament to the Speaker Z.Enkhbold. The draft foresees assignment of 19 actions to the Government, within aims of increased economic growth and financial stability of the nation. The actions are expected to be realized during the period of 2014 spring session of parliament. If the resolution is approved, the Government is to develop relevant documents on the second stage investment of Oyu Tolgoi project, on revival of mineral exploration activities, on supporting and funding of industrialization projects, and on possibility of exploring oil, oil shale, and natural gas in strictly protected areas, and will submit them to parliament. 


  • Dividends Distributed to Joint Stock Companies
    Tuesday, 08 April 2014
    mse_logo.jpgAs stated in Company Law, the company could pay the dividend to shareholders by cash, properties or stocks. The Board of Director /in its absence, the shareholder meeting/ shall have to be considered and resolved matter of distribution of dividends to the shareholders within 50 days of the end of the financial year. As of 31 March 2014, 44 joint stock companies out of total 249 have discussed about dividend in their Board of Director meeting, resulting 11 of them decided to distribute dividend to their shareholders. Following 11 companies declared to distribute dividend.

  • Development Bank to own shares in Mongolian Mortgage Corporation
    Monday, 07 April 2014
    mic.pngNational Development Bank of Mongolia and MIK (Mongolian Mortgage Corporation) signed a partnership agreement enabling NDBM to own 14.88% of shares in MIK. The cabinet decided that in order to boost the MIK’s operations in building affordable apartments the government should have shares in the corporation. In accordance with the Cabinet resolution NDBM used approved amount of MNT10 billion to obtain shares in MIK.

  • DPRK, Mongolia Sign MOUs
    Monday, 07 April 2014
    battulga_dprk.jpgA memorandum of understanding on setting up the DPRK-Mongolia friendship joint company between the DPRK and Mongolian governments was inked here on Wednesday. Present at the signing ceremony from the DPRK side were Ri Ryong Nam, minister of Foreign Trade who doubles as chairman of the DPRK side to the Inter-governmental Committee for Consultation in Economy, Trade, Science and Technology between the DPRK and Mongolia, Hwang Min, vice-minister of Agriculture who is also chairman of the Livestock Management Committee in Sepho Area, and officials concerned and from the Mongolian side were Mongolian Minister of Industry and Agriculture Khaltmaa Battulga who is chairman of the Mongolian side to the Inter-governmental Committee for Consultation in Economy, Trade, Science and Technology between the DPRK and Mongolia and his party and Manibadrakh Ganbold, Mongolian ambassador to the DPRK, and his embassy officials.

  • Second "Mongolia investment" conference to run in New York
    Friday, 04 April 2014
    nyssa.jpgThe New York Society of Security Analysts (NYSSA) will hold its second conference on investing in Mongolia following the great success of the first Investing in Mongolia conference. Regional experts and government officials will discuss the country’s economic outlook and investment potential, executives from Mongolian public and private companies will discuss their businesses.

  • 'Gobi' brand starts to process its first in 2014 cashmere
    Thursday, 03 April 2014

    gobi.jpgOne of the biggest producers of cashmere and wool products, the “Gobi” Corporation announced Wednesday that it has started processing of raw cashmere of this year. Having a motto “From goat to coat”, the Corporation has begun this work to stimulate herdsmen to hand over raw materials to national producers, and to express thanks to them. “This measure is like an event of farmers to receive their first harvest of a year,” the Corporation’s official said.


  • Xanadu Mines heads to market, acquiring porphyry project in Mongolia
    Thursday, 03 April 2014
    xanadu_logo.jpgXanadu Mines (ASX: XAM) is heading to market with a capital raising, with the ASX granting the company a trading halt this morning. XAM's shares are now in pre-open. The company and its joint venture company Mongol Metals have agreed to acquire a 90% interest in the Kharmagtai advanced porphyry copper-gold exploration project in Mongolia for US$14 million from Turquoise Hill Resources.

  • Erdene Provides Year-End Financial Results and Project Review
    Wednesday, 02 April 2014
    erdene.jpgErdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to provide a review of 2013 activities on the Company's principal projects in Mongolia in conjunction with the release of its year-end financial results. In 2013, a surface mapping and sampling program was undertaken at the Company's 100% owned Altan Nar project in southwest Mongolia to further define targets along the 5.5 km long mineralized corridor. This work significantly expanded the target area at Altan Nar to include 12 distinct mineralized zones.

  • BH gains toehold in Mongolia hospital
    Tuesday, 01 April 2014
    songdo.jpgBumrungrad Hospital Plc (BH), the country's second-largest listed hospital operator, will be counting on Health Horizons Enterprises Pte Ltd, its new investment arm, to spearhead overseas investment following its failed attempt to gain management control in Bumrungrad Hospital International (BHI). According to a BH source, the Thai hospital plans to dilute its 30% stake in BHI, which has been instrumental to the group's international expansion. BHI used to hold a 40% stake in Manila-based Asian Hospital (AHI), but later divested its stake. Health Horizons Enterprises (HHE) was set up last month in Singapore with registered capital of US$20,000. HHE, in which BH holds an 80% stake, last Friday acquired a controlling interest in Ulaanbaatar Songdo Hospital (UBSD), a leading hospital in the Mongolian capital.

  • Entree Gold Announces Fiscal Year 2013 Results and Reviews Corporate Highlights
    Monday, 31 March 2014
    entree2.gifEntrée Gold Inc. (TSX:ETG; NYSE MKT: EGI; Frankfurt:EKA - "Entrée" or the "Company") has today filed its annual operational and financial results for the year ended December 31, 2013.  The Company’s Annual Report on Form 20-F has been filed with the SEC, and is available on the Company website.  Shareholders can receive a free hard copy of the Company’s audited Annual Financial Statements upon request. All dollar figures in this news release are in United States currency unless otherwise noted.

Daily Market Update
  • Erdenes TT Seeks to Repay Chalco Amid Low Coal Prices
    (Apr 22, 2014) MSE Top 20 recovered +0.64% after declining for two days, as 3 stocks advanced for every 2 stocks that fell today. Makh Impex (MMX) surged +6.67% to settle at MNT 3,200, wiping out its yesterday’s loss of -6.22%. The 52 week range of the stock is at MNT 1,600 – MNT 3,400, while its day’s lowest price was MNT 2,912 and it hit its day’s highest price at MNT 3,450.

  • Merex starts trading on MSE under symbol "MRX"
    (Apr 21, 2014) Mongolian shares declined -0.58%, bringing the benchmark index at 15,656.57 points. Makh Impex (MMX) led decliners with -6.22% drop to end the session at MNT 3,000. State Department Store (UID) lost -5.4% to close at MNT 558.

  • Mongolia Growth Group Ltd. to Present at NYSSA Mongolia Conference
    (Apr 18, 2014) MSE Top 20 ended the week in red. The MSE Top 20 index edged down -0.09% on Friday and declined -0.39% for the week to sit at 15,747.46 points. Ulaanbaatar Hotel (ULN) was the worst performing stock during the trading session, losing -10.9%, followed by Shivee Ovoo (-9.82%).

  • Turquoise Hill Gains as Mongolian PM Gives Mine Funding Support
    (Apr 17, 2014) MSE Top 20 index kept rising today to 15,761.04 points, +0.75% advance. Sharyn Gol (SHG), one of the largest thermal coal producer in the country, was the most actively traded company on the bourse with MNT 21.6 million worth of shares changed hands. The stock closed up +2.06% to finish at MNT 8,165.

  • Makh Impex (MMX) earnings rise fourfold
    (Apr 16, 2014) MSE stocks rebounded on Wednesday after 4-day decline as five stocks advanced for every two that fell. The benchmark index gained 0.49% to 15,643.73 points. Makh Impex (MMX) jumped +14.81% to settle at MNT 3,100 after it reported its financial results for the year 2013. The Company reported earnings of MNT 1.9 bn or MNT 501.8 per share, which is fourfold or 304% increase over the year. The Company’s sales revenue was -9.5% lower at MNT 6.9 bn in 2013 compared to 2012. However additional revenue streams including warehousing was MNT 5 billion in 2013, compared to MNT 2 billion in 2012. MMX’s market capitalization arrived at MNT 11.8 bn or US$ 6.7 mn and it is currently trading at six times earnings.

  • MSE shares decline for the fourth day
    (Apr 15, 2014) Mongolian shares declined for the fourth consecutive days of trading in red on Tuesday as 4 stocks fell for every one that advanced. The MSE Top 20 index dropped 0.76% today to 15,566.97 points. Mongol Savkhi (UYN) and Tav (TAV) suffered -13.9% and -10.0% respectively. Darkhan Nekhii (-9.84%) shares declined for the first time since April 3 to close at MNT 16,500.

  • IPO of 'Merex' JSC launched successfully (Mongolian Stock Exchange)
    (Apr 14, 2014) Mongolia stocks extended its drop for the third day. MSE Top 20 index came down 0.78% to finish the day at 15,686.11 points. APU (APU) was the most actively traded stock during the day. APU advanced 0.03% to complete the trading session at MNT 3,850, with a total volume of 4,205 shares.

  • NEH hits a new all-time high
    (Apr 11, 2014) Mongolian shares ended the week in red. The MSE Top 20 index weakened 0.83 on Friday to sit at 15,809.70 points. Bayankhairkhan (BHR) shares were traded as a block, with MNT 100 million worth of 200 thousand shares changed hands. Darkhan Nekhii (NEH) hit a new-all time, as the stock traded between MNT 16,000 and MNT 18,350 today and closed at MNT 16,830.

  • MSE turnover for Thursday was US$ 106k
    (Apr 10, 2014) Today’s most actively traded company on the MSE was Sharyn Gol (SHG). The stock changed hands at MNT 8,000, with a total volume of 22k shares worth of MNT 178 million. Out of 15 stocks traded during the session, 7 stocks fell, 5 advanced and 3 remained unchanged. The MSE Top 20 index ended -0.22% lower at 15,941.59 points.

  • Prophecy Coal Corp. Announces Annual Results and Outlook for 2014
    (Apr 09, 2014) MSE stocks edged higher on Wednesday with the benchmark index gaining 0.08% to close at 15,976.48 points. Material Impex (MIE) was the most actively traded stock on the MSE. 1,078 MIE shares changed hands at MNT 13,650, declining -8.27% from the previous close.

  • MIE's 2013 sales doubled
    (Apr 08, 2014) MSE trading turnover for Tuesday reached MNT 56.7 million. Sharyn Gol’s (SHG) MNT 28.8 million worth of 3,604 shares contributed to the volume increase. The stock traded at MNT 8,000, 2.44% lower than its previous close.

  • Development Bank to own shares in Mongolian Mortgage Corporation
    (Apr 07, 2014) Mongolian shares started the week with a slight advance. The MSE Top 20 index edged higher 0.10% to finish at 16,092.61 points. Remicon (RMC) recorded a fall of -0.32% and was in a range of MNT 147- MNT 150 before closing at MNT 148, with a total volume of 12,168 shares.

  • Mongolian Mining Corporation publishes its Annual Report 2013
    (Apr 4, 2014) Mongolia stocks ended the week in green. The MSE Top 20 index increased 1.97% on Friday to sit at 16,076.60 points. APU (+3.95%) and Tavantolgoi (+2.44%), the largest companies by market value, pushed the index up. Momentum continued in Ulaanbaatar BUK (BUK). Shares of BUK surged for a fifth straight day to MNT 57,000.

  • Foot and mouth quarantine to be lifted
    (Apr 3, 2014) Mongolian shares declined on Thursday with the benchmark index dropping -0.37%. Material Impex (MIE) was the most actively traded stock of the day. The stock advanced 1.71%, to complete the trading session at MNT 14,880, with a total volume of 1,462 shares. The stock changed hands in a range of MNT 13,650 to MNT 14,880.

  • Darkhan Nekhii (NEH) hits all-time high price
    (Apr 2, 2014) Mongolian shares edged lower on Wednesday, as the benchmark index closed 0.14% lower at 15,824.78 points. Gutal (GTL), which soared 13.82% yesterday, came down -12.54% to sit at MNT 11,020. BDSec (BDS) declined -10.85%, trading on 1 share only, to end the trade at MNT 2,400.

  • Attention to 'Gonir' JSC's shareholders
    (Apr 1, 2014) MSE Top 20 index suffered today, losing as much as -2.80%. But it was due to only 1 share of APU (APU) was exchanged at -7.32% lower price on the market, as APU is the largest company on MSE by market value, making around 1/3 of the index by itself.

  • MSE shares end 6-day losing streak with MNT 167.4 million turnover
    (Mar 31, 2014) Mongolian shares edged higher on Monday, ending 6-day losing streak. Suu (SUU), the largest milk products producer of the nation, was the most actively traded company on the MSE with MNT 119.4 million worth of shares changed hands.

  • MSE extends losing streak to 6 days
    (Mar 28, 2014) MSE extended losing streak to six days on Friday. MSE Top 20 declined 0.43% for the day to finish at 16,291.51 points. Darkhan Nekhii (NEH), a sheepskin processing and manufacturing company located in Darkhan province, was the most actively traded stock on the MSE with MNT 28.7 million worth of shares changed hands. The stock closed 4.07% higher to MNT 15,100.

  • MSE Top 20 falls 5th straight day
    (Mar 27, 2014) MSE Top 20 fell a fifth straight day in a row today. The index came down 0.36% to sit at 16,361.71 points on Thursday. APU (-0.85%) and Tavantolgoi (-0.38%), the largest companies on the MSE, were the main draggers of the index today.

  • Trading turnover for Wednesday was MNT 169.6 million
    (Mar 26, 2014) Volumes on the Mongolian Stock Exchange rose to MNT 169.6 million as 75,337 shares of Sor (SOR) or 8.5% of the company exchanged hands during the session as a block trade. MSE Top 20 index edged lower for the fourth day in a row to finish at 16,420.66 points, down -0.16% for the day.

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
3339.63 -0.14% 2014-04-23
TOP20
15695.38 -0.39% 2014-04-23
Stock Market Information
  • Standard
  • Non-standard
Symb Volume Close Change
GTB
7200
86
-0.06%
HGN
1282
115.74
-1.92%
APU
973
3757
-1.13%
MSE | 2014-04-21
Real Time Stock Market Quotes
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Longer Duration GOM MNT Denominated Bond Auctions a “Capital” Idea
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Presentation for BCM Monthly Meeting, 25 February 2014
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BDSec’s Top 10 Surprises for Mongolia in 2014
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Tavantolgoi TTL Initiation Coverage (Nov 2013)
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Odds on Resolution of Phase 2 at Oyu Tolgoi are going up
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HBO - The Last Frontier, a Review of Our Recent Site Tour in the DPRK
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Sharyn Gol Expands Operations into Value-Added Products
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Resolution of Issues Surrounding Phase 2 at Oyu Tolgoi Probably not Imminent
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RIO Extends Bridge Facility and an Olive Branch to Minority Shareholders
 
Sharyn Gol (SHG:MO) to acquire Naco Fuel (NKT:MO) to expand its business
 
TRQ Provides Update on Bridge Financing, Management Appears Intent on Dilution
 
OT Finally Ships Concentrate, Management now is the Focus
 
HBOil JSC (HBO) Initiation Coverage
 
A Quantitative Look at Mongolian Equities
 
 
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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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