Mongolia's Largest Stock
Brokerage and Investment Bank

Client Service: /Overseas/ 
  • Fitch: A Mongolia-Rio Tinto Deal Would Be Credit Positive
    Thursday, 09 April 2015
    fitch-ratings1.jpg(Apr 9, 2015) An agreement between the Mongolian government and Rio Tinto to proceed with the phase 2 expansion of the Oyu Tolgoi gold and copper mine would help stabilise the sovereign credit profile from the current Negative Outlook, says Fitch Ratings. A deal could have potentially transformative effects for the country's external accounts and macroeconomic position, catalysing billions of dollars in new foreign capital inflows, accelerating economic activity, and providing relief to many of the country's key credit constraints. In turn, this would reinforce Mongolia's favourable development prospects.

  • Two Casinos of International Standards to Open in Mongolia
    Wednesday, 08 April 2015

    casino1.jpeg(Apr 8, 2015) The Casino Law will allow casinos to be established and operate in Mongolia, however initially the number will be limited to 2 casinos. The Legal Standing Committee is currently discussing the details of the Law. One stipulation states that only foreign citizens are permitted to patronize the casino; other states that should a patron lose $5000 USD, they would be banned permanently from entering the casino in the future. The Casino Law will initially limit the number of casinos to 2, allowing Mongolia to closely monitor and understand the business in detail before permitting additional operators in the future. It is unknown who will open and operate the casinos as none have been named to date.

  • Mongolia PM Takes to TV and Texting to Win Back Investment
    Monday, 06 April 2015

    saikhanbileg.jpg(Apr 6, 2015) Mongolian Prime Minister Saikhanbileg Chimed stands out from predecessors in his use of national television and texting to get his message across to the public: Without foreign investment, the economy is going nowhere. The 46-year-old, who won office in November after the previous PM was ousted in a no-confidence vote, was back on TV Sunday to report progress in the protracted dispute with Rio Tinto Group over the Oyu Tolgoi copper and gold mine. “The two sides have reached agreement, in principle, on the main points of dispute,” said Saikhanbileg, speaking in his office surrounded by family photos and a portrait of 13th century warlord Genghis Khan. “Soon we will officially announce these results to the international community, after bureaucratic levels finalize relevant steps.”

  • Parliament Spring Session Opening remarks by Speaker Z.Enkhbold
    Monday, 06 April 2015
    enkhbold.z.jpg(Apr 6, 2015) In Southern Gobi, the world’s largest and one of the five most advanced industries has been established and is operating. It is employing 3000 people and 95% of them are Mongolians. These young people already have acquired best techniques and leading technologies and working energetically. Twice as much of the Erdenet Company’s output being produced and the copper concentrates are exported in packs labelled as “Product of Mongolia”. Regarding the open pit, the Mongolian government has fulfilled its obligations and now the investors should get their credits and start the underground mining. I have expressed this position during my meeting with the Oyutolgoi executives.

  • Entree Gold CEO Gregory Crowe Sees Opportunity in Mongolia
    Wednesday, 01 April 2015
    mongoliamapfeb2012.jpg(Apr 1, 2015) Those who follow the copper space have no doubt heard of the Oyu Tolgoi mine in Mongolia. The project, which includes an open-pit mine and a series of other deposits all managed by Rio Tinto (NYSE:RIO,ASX:RIO,LSE:RIO), has been making headlines in recent months over disputes between the company and the Mongolian government that have held up underground development. Market watchers may remember that Oyu Tolgoi was once 66-percent owned by Robert Friedland’s Ivanhoe Mines (TSX:IVN), which became Turquoise Hill Resources (TSX:TRQ) after Rio Tinto assumed control of it in 2012.

  • MSE will trade long-term government bonds
    Monday, 30 March 2015
    (Mar 30, 2015) mse_logo.jpgMSE will trade long term government bonds Ministry of Finance made a decision to trade shot-term government bonds through MSE to the public on November, 2014 in order to develop the capital market and promote the public awareness. MSE traded bonds worth of 150 billion MNT for the past 5 months, 200 new domestic and foreign investors were added to the stock market and it’s a clear sign that the policy objectives were proper. Thus, Ministry of Finance made a decision to trade long term government bonds with maturity of 3 and 5 years through MSE from April 7, 2015. Further studies have been conducted about the possibilities of introducing long term bonds, which are protected from competitive mode and inflation to domestic stock market.

  • Turquoise Hill Announces Financial Results and Review of Operations for 2014
    Friday, 27 March 2015
    (Mar 27, 2015) turquoise-hill-resources.jpgOyu Tolgoi recorded net revenue of approximately $1.6 billion in 2014 on sales of approximately 733,700 tonnes of concentrate. Oyu Tolgoi recorded net revenue of $634.1 million in Q4'14 on sales of approximately 262,700 tonnes of concentrate; a 19.2% increase over Q3'14.During 2014, Turquoise Hill generated its first annual positive operating cash flow of $658.3 million. Additions to property, plant and equipment were $87.7 million in the year, including approximately $60.0 million for sustaining capital activities.

  • Mongolian Mining Corporation: Annual Results Announcement for the Year Ended 31 December 2014
    Thursday, 26 March 2015
    mmc.jpg(Mar 26, 2015) For the year ended 31 December 2014, Mongolian Mining Corporation (“MMC” or the “Company”) and its subsidiaries (the “Group”) sold a total of 5.4 million tonnes (“Mt”) of coal products and generated total revenue of United States Dollar (“USD”) 328.3 million, compared to 5.7 Mt of coal products sold with total revenue of USD437.3 million for the year ended 31 December 2013. The decrease in the total revenue was largely attributable to the continued negative coking coal price trend, and to a lower sales volume of washed hard coking coal (“HCC”). The average selling price (“ASP”) of HCC was USD83.5 per tonne for the year ended 31 December 2014, compared to USD92.1 per tonne for the year ended 31 December 2013, representing a decrease of 9.3%.

  • Vietnam expresses interest in importing Mongolian meat
    Wednesday, 25 March 2015
    f1710ccc6586754dab3e4a0b0a0c2631big.jpg (Mar 25, 2015) Minister of Agriculture R. Burmaa has received Ambassador Extraordinary and Plenipotentiary Dang Duong. At the beginning of the meeting, the Ambasador stressed that in order to expand co-operation in the agricultural sector, the sides should take their relationship to a new stage. The 16th Intergovernmental Commission Meeting of the two countries will be organized in Mongolia next month. One goal of the meeting will be to create possibilities for the export of meat and meat products from Mongolia to Vietnam, and to strengthen activities in connection with the exportation of meat and meat products. 

  • Good and Bad 100 days
    Tuesday, 24 March 2015
    (Mar 24, 2015) -20032015-1426824648-1815735153-150625-21112014-1416549770-1108562267-saihanbileg_tamga11.jpgToday is the 100th day of Ch.Saikhanbileg's cabinet. We are delivering the main solutions the Government has brought during its firts 100 days. First, let's have a look at what solutions have been brought by the cabinet about the worsening economic situation. PM Ch.Saikhanbileg conducted public voting on the future steps to overcome the economic downturn. Residents have voted to proceed with the mega projects like Oyu Tolgoi and Tavan Tolgoi and to stabilize the soaring inflation. Unfortunately, Oyu Tolgoi and Tavan Tolgoi projects are still at the negotiations stage.

  • Capital Market to be developed with Japan cooperation
    Monday, 23 March 2015
    (Mar 23, 2015) birj-103144-1740714480-104338-699004376.jpegZ.Narantuya, Commisioner of the Financial Regulatory Commission and representatives of Bank of Mongolia worked in Japan during March 17-19. Mongolian delegation met with the representatives of Financial Services Agency, JICA, Tokyo Stock Exchange, Tokyo Commodities Exchange, Securities Depository Corporation, Clearing Corporation and other financial entities on the cooperation opportunities to improve capital market in Mongolia.

  • Oyu Tolgoi Files Statutory Feasibility Study
    Friday, 20 March 2015
    ot.jpg(Mar 20, 2015) Turquoise Hill Resources today announced that Oyu Tolgoi has filed a statutory 2015 Oyu Tolgoi Feasibility Study (OTFS 2015) with the Mongolian Minerals Council (MMC). Under Mongolian law, Oyu Tolgoi is required to submit an update to the feasibility study at least every five years; the 2009 Oyu Tolgoi Feasibility Study was accepted in March 2010. When outstanding shareholder matters have been resolved, an updated feasibility study will be submitted to replace OTFS 2015 for acceptance by the MMC.

  • Mongolia's Travel Ban on Workers is Hurting the Economy, Premier Says
    Thursday, 19 March 2015
    11038429_884066251652375_3687584175291094748_o.jpg(Mar 19, 2015) Mongolian travel restrictions placed on foreign and domestic workers are hurting the nation’s economy, according to its prime minister, who’s seeking to change the way the law is applied. The country’s “Hotel Mongolia” nickname, acquired as a result of the travel bans, is “poisoning every Mongolian” by harming foreign investment and may affect exchange rates, Saikhanbileg Chimed said Wednesday in a statement on the government’s website.

  • Ferrostaal Set to Begin Work on Mongolia's Biggest Wind Farm
    Wednesday, 18 March 2015
    144963-17032015-1426581579-548850059--20012015-1421719947-764236941-salhin.jpg(Mar 18, 2015) Ferrostaal Industrial Projects GmbH will begin construction of its Sainshand Wind Farm in April, slated to be Mongolia’s largest when it is completed in 2016, according to a company statement published Tuesday. The $115 million park will have 27 towers and an installed capacity of 54 megawatts. It will deliver 52 megawatts to Mongolia’s electrical grid, Oliver Schnorr, director of Sainshand Wind Park LLC, said in a text message. Mongolia is seeking to diversify its energy supplies, now heavily reliant on coal-fired power plants, with a goal of increasing its energy production from renewables to 20 percent by 2020.

  • B.Byambasaikhan: Government should help business not hinder it
    Tuesday, 17 March 2015

    (Mar 17, 2015) 2d1af066f49b5ed6b0c4cdc718291e7cbig.jpgINS interviewed Byambasaikhan, CEO of Erdenes Mongol. There are not many examples around the world where governments have successfully led non-service related businesses profitably and have been identified as “leaders in class”.  In the mining sector, the keys to success are to have a high quality ore body and world class management approaches, which implies a world class team. In practice, this means to be highly safe, to design your business processes to keep unit operating costs at low levels, to deliver capital projects on time, and to budget and to achieve a fair market price for your product. Investors and financiers look for these attributes from those companies seeking to raise financing. They also look very closely at the shareholders, their motivations, the support of the government for business, and the judicial system that presides over the borrower. Byambasaikhan faces challenges both inside his holding company and with his shareholders. Gaining alignment as to the changes required and the rewards that may follow will be his immediate challenge.

  • Mongolia's 'third neighbor'
    Monday, 16 March 2015

    japan_mongolia.jpg(Mar 16, 2015) On Feb. 10, Japan and Mongolia signed an Economic Partnership Agreement that will come into effect this spring. Trade between the two countries is small — accounting for less than 1 percent of Japanese trade. The agreement is, however, of strategic importance as Japan seeks to negotiate closer economic ties with countries in the region. Mongolian mineral resources such as its coal deposits are increasingly important for Japan as it contemplates the appropriate energy mix at a time when it is considering how to reduce its dependence on nuclear power. Japan, Mongolia, China and Russia exist alongside the United States within the World Trade Organization (WTO) system as equal members. This system has at its core, a set of mutually agreed principles on the operation of international trade in goods, services, agriculture and other areas.

  • Apartment prices are decreasing
    Friday, 13 March 2015
    fc1626a4b3cc2c344b5febd4636b09c8big.jpg(Mar 13, 2015) Mongol Bank has introduced a price index of apartments. The price index for apartments was prepared by Tenkhleg Zuuch at the request of Mongol Bank. The study was carried out independently, and as of February of this year, the price index for apartments - using a base period starting in January 2013 - shows an increase of 17.3 percent. However, since January of this year prices have decreases by 0.5 percent, which means that in comparison with the first quarter of last year, the price index decreased by 1.4 percent, and in comparison with the same period of last year it decreased by 5.06 percent.

  • Social and economic situation of Mongolia as of the first 2 months of 2015
    Thursday, 12 March 2015
    statistics-statistik.jpg(Mar 12, 2015) According to report of the Bank of Mongolia, money supply (broad money or M2) reached to 10.3 trill.tog at the end of February 2015, decreased by 63.5 bln.tog or 0.6 percent from the previous month, increased by 403.3 bln.tog or 4.1 percent compared to same period of the previous year. At the end of February 2015, currency issued in circulation reached 775.9 bln.tog increased by 43.5 bln.tog or 5.9 percent from the previous month, by 19.3 bln.tog or 2.5 percent compared to same period of the previous year.

  • The Mongolia Economic Forum will be held for the 6th consecutive year
    Wednesday, 11 March 2015
    (Mar 11, 2015) mef.jpgOne of the most exciting and important conferences in Mongolia is the highly anticipated annual Mongolian Economic Forum, which assembles for two days to discuss the country’s politics, economy, and private sector. The discussion, featuring representatives from international organisations and domestic participants in every sector, is open to the participation of the general public. While the event is usually held in March, this year’s Forum willbe held on April 2-3rd. Executive director of the Mongolian Economic Forum NGO B.Lakshmi gave the following explanation for the delay: “There were a number of reasons why we delayed the Forum.Mongolia is participating in the ITB Berlin-2015 exhibition as an official partner for the first time. And one of the reasons we delayed the Forum was that the President and several members of prliament went to Berlin to participate in this exhibition. The other reason was that most of the parliament members are working in their affiliated jurisdictions during the current break between parliament sessions.”

  • Daylight saving will start on March 28th
    Tuesday, 10 March 2015

    (Mar 10, 2015) -10032015-1425951359-527520269-157546-10032015-1425950541-746169373-clock.jpgDuring yesterday's cabinet meeting one of the decisions commenced was the shift to daylight saving time starting March 28th. This the practice of advancing clocks during summer months by one hour so that light extends into the evening hours—sacrificing normal sunrise times. The practice has received both advocacy and criticism. Putting clocks forward benefits retailing, sports, and other activities that exploit sunlight after working hours, but can cause problems for health by distracting the biological clock of a human body leading to seasonal illnesses. Studies made in 1998 have showed that switching to daylight saving time benefits to saving the energy by 23 million kWh annually. Moreover, benefits include more time spent with families during the natural daylight.

Daily Market Update
  • Khukh Gan posts financial results for 2014
    stockcharthgn.png(Mar 4, 2015) MSE Top 20 index further dropped 0.50% on Wednesday, as Tavantolgoi (TTL) fell on for the second day in a row. TTL dropped further from its 16-month low, down -5.63% for the day. APU recovered 0.99% to close at MNT 3,567. Khukh Gan (HGN), a DRI manufacturer in Erdenet, lost -3.66% to close at MNT 105.97, its 2-month low. HGN’s sales increased 11-fold to MNT 1.8 billion in 2014, but it posted loss of MNT 825 million or MNT 8.2 per share.

  • MSE trades MNT 1.5 billion worth of government retail bonds
    stockchartttl.png(Mar 3, 2015) The MSE benchmark index lost 0.84% on Tuesday as the 2 largest MSE names dropped to their 9-month and 16-month lows. APU (APU), valued at MNT 262 billion, fell -1.64% to close at MNT 3,532 today while Tavantolgoi (TTL), valued at MNT 195 billion, lost -3.64% to hit its 16-month low at MNT 3,709. MSE traded MNT 1.5 billion worth of government retail bonds on Tuesday. Stocks turnover for Tuesday was MNT 30.2 million.

  • Darkhan Nekhii (NEH) announces 2014 financial results
    stockchartneh.png(Mar 2, 2015) MSE shares edged up 0.16% to 13,929.75 points on Monday. Talkh Chikher (TCK) added +2.21% to close at MNT 19,450, leading today’s gainers followed by State Department Store (+1.92%). Darkhan Nekhii (NEH), the country’s largest animal skin producer, announced its financial results for fiscal year 2014. The company’s revenue was up 37.1% to MNT 19.4 billion while its earnings came down 10.4% to MNT 1.86 billion. NEH last traded at MNT 17,000 per share and its PE ratio is at 10.1.

  • Remicon (RMC) hit its new 4-year low at MNT 87
    stockgraph3.png(Feb 27, 2015) Stocks declined -0.10% on Friday. Trading volume has been low throughout the week. Today’s trading turnover was MNT 9.7 million. Remicon (RMC) hit its new 4-year low at MNT 87. MSE reports that since November 2014, MSE organized short durations /3, 6, 12 months/ retailed government bonds trading in primary and secondary market worth MNT98 billion through 23 trading sessions. Investors and entities of 150 countries including USA, Great Britain, Japan, and South Korea, China and Malaysia and domestic investors participated in government retail bonds trading in the past.

  • Ulaanbaatar BUK earnings increased 45.7%
    stockgraph2.png(Feb 26, 2015) Stocks advanced on Thursday. Ulaanbaatar BUK (BUK) jumped +8.6% to close at MNT 38,000. BUK’s revenue grew 82% to MNT 16.1 billion in 2014, whereas its earnings increased 45.7% over the year to MNT 745 million or MNT 661 per share. The stock is trading 57 times its 2014 earnings. APU (APU) recovered from its 9-month low, up +1.3% to close at MNT 3,600.

  • APU hits 9-month low at MNT 3,555
    stockgraph1.png(Feb 25, 2015) MSE shares closed Wednesday session at 13,801.48 points, 0.14% lower than yesterday. Bulgan Guril Tejeel (GTJ) fell -10.1% to MNT 2,697, its 16-month low. Remicon (RMC), a concrete producer based in Ulaanbaatar, dropped -2.8% to MNT 88.44 to hit its new 4-year low. APU (APU), the largest MSE listed company by market value, lost -1.4% to MNT 3,555, lowest it’s seen since June 2, 2014. APU reported net loss of MNT 14.2 billion or MNT 190.8 per share in 2014, compared to MNT 4.0 billion earnings in 2013. The company’s sales increased 2.5% to MNT 198 billion in 2014, but they reported exchange related loss of MNT 21.5 billion in 2014, compared to MNT 15.1 billion in 2013.

  • $12 million worth of government bonds were traded on MSE
    stockgraph.png(Feb 24, 2015) On Tuesday, MSE trades MNT 23.4 billion (~US$ 12 million) worth of 12-week government bonds with 15.019% yield. Stock trading volume was low at MNT 9 million. Out of 7 stocks traded on the bourse, 5 declined and 2 remained same. Gobi Cashmere (GOV) was closed at MNT 7,400, down -0.27% for the day. GOV board has announced dividend of MNT 140 per share for FY14 with a record date of February 27, 2015. The dividend translates to payout of 10.4% for 2014.

  • 50 percent of 22th Baaz traded on Friday
    stockgraph.png(Feb 13, 2015) Mongolia stocks ended the week in red. The benchmark index closed 0.13% lower to 13,905.51 points. Turnover for Friday was MNT 286.7 million (~US$ 146.2K). MNT 207.3 worth of 50 percent of 22th Baaz (AHH) were exchanged hands at a price of MNT 205 per share. Tavantolgoi (TTL), the second largest MSE-listed company by market value, lost -2.5% to MNT 3,900, lowest price since November 2013. Shivee Ovoo (SHV) kept its momentum. The stock surged +14.8% to close at MNT 6,200. SHV advanced by MNT 1,700 or 38% this week.

  • Companies start posting their 2014 results
    stockgraph.png(Feb 12, 2015) MSE Top 20 index ended -0.36% lower on Thursday. Companies started posting their financial results for the year 2014. Out of 81 companies posted their year results, some of them performed very well in 2014. Ulaanbaatar BUK (BUK): BUK’s revenue was up 80.9% to MNT 16.1 billion in 2014 whereas its earnings increased 45.7% to MNT 745.8 million. Gutal (GTL): GTL’s sales revenue and earnings were up 49.7% and 165.3% to MNT 2.83 billion and MNT 1.46 billion, respectively.


  • MSE ends 5-day decline
    stockgraph.png(Feb 11, 2015) Mongolia shares closed the in green on Wednesday, ending 5-day decline. Remicon advanced +5.6% to MNT 95. Makh Impex (MMX) added +5.35 to close at MNT 3,750, its highest price in 2 months. Ulaanbaatar BUK (BUK) lost -13.2% to MNT 33,000, its lowest price in 13-month. Baganuur (BAN) also closed -9.7% lower to hit its lowest price since September 2009. Turnover for Wednesday was MNT 29.3 million.

  • MSE shares decline 5th day in a row
    stockgraph.png(Feb 10, 2015) MSE shares declined for the 5th day in a row on Tuesday. The MSE All index fell 0.21% to sit at 996.87 points. Auto Impex (AOI), Ikh Barilga (IBA) and Mongol Makh Expo (DLG) lost more than 14% on Tuesday. Shivee Ovoo (SHV), a 90% state owned thermal coal miner, advanced +4.44% to MNT 4,700, highest price year-to-date. Aduunchuluun (ADL) recovered from its 5-year low, adding +3.4%. Turnover for the day was MNT 30.5 million. 

  • Darkhan Nekhii (NEH) up 4.2% to MNT 18,760
    stockgraph.png(Feb 9, 2015) Mongolia shares edged lower 0.06% on Monday to continue its losing streak to 4 consecutive days. Naco Fuel (NKT) slumped -12.3% to MNT 270. Darkhan Nekhii (NEH) advanced +4.2% to close the day at MNT 18,760, its highest close since last September. 52-week low and high for NEH shares are MNT 13,010 and MNT 20,000.

  • Hermes (HRM) hit a new 1-year low at MNT 141.45
    stockgraph.png(Feb 6, 2015) Mongolia shares ended the week in red amid low volume. Only MNT 8.2 million worth of 16 companies’ shares were changed hands. The benchmark index fell 0.84% to sit at 14,034.58 points. BDSec (BDS) fell -12.3% to MNT 2,000 on 5 shares traded. Hermes (HRM) hit a new 1-year low at MNT 141.45, dropping -2.45% for the day. Makh Impex (MMX) added +2.9% to close at MNT 3,600, its highest price in the last one month.

  • MSE stocks hit its lowest close since October 2013
    stockgraph.png(Feb 5, 2015) MSE stocks declined 0.49% to 14,153.62 points on Thursday to hit its lowest close since October 2013. The largest MSE-listed company APU fell -2.4% to end the session at MNT 3,610. Aduunchuluun (ADL), a thermal coal miner in Eastern Mongolia, lost -3.1% to close at MNT 1,356, its lowest price since August 2010. On the other side, Gazar Suljmel (SUL) and Darkhan Nekhii (NEH) gained +10.4% and +1.3% respectively to hit their 3-month highs.

  • MSE renews Top 20 index
    stockgraph.png(Feb 4, 2015) MSE stocks plunged 1.44% on Wednesday, ending 3-day advance as 9 stocks dropped against 5 that rose. MSE renewed its Top 20 index basket by replacing Mogoin Gol (BDL), Hotel Mongolia (MSH), Silikat (SIL), and Suu (SUU) with Ulaanbaatar BUK (BUK), Hermes (HRM), Material Impex (MIE), and Makh Impex (MMX). Sharyn Gol (SHG) retreated -9.4% to MNT 5,800 after jumping +10.7% yesterday.

  • MSE stocks advance for the 3rd day in a row
    stockgraph.png(Feb 3, 2015) MSE Top 20 index advanced for the 3rd day in a row. The index gained 0.42% to 14,431.44 points. Khukh Gan (HGN) jumped +11.7% to hit its 4-month low high at MNT 122.69, after gaining +13.3% yesterday. Talkh Chikher (TCK) advanced +3.1% to MNT 20,000 to close at MNT 20,000, highest close since October 30. On the other hand, Mongolian Development Resources (MDR) hit new all-time low at MNT 425.05. Turnover for the day was MNT 34.5 million.

  • State Department Store (UID) drops to 7-month low
    stockgraph.png(Feb 2, 2015) Mongolian stocks started the week in green. MSE Top 20 index advanced 0.56% to 14,370.46 points as 3 stocks gained for every 2 that lost. Turnover for Monday was MNT 526.9 million or US$ 271 thousand.  There was a block trade for E-Trans Logistics (ETR) worth of MNT 500 million. State Department Store (UID) dropped -5.5% to MNT 520, lowest close since Jun 19, 2014.  Talkh Chikher (TCK) gained +3.9% to MNT 19,400, its highest close since last December.

  • MSE is to introduce Market Makers
    (Jan 30, 2015) stockgraph.pngMSE stocks ended the week in green ending 3-day decline. The benchmark index edged up 0.05% on Friday. Mongolian Stock Exchange is about to introduce market makers starting February 16. They said: “Even though brokerage companies of Mongolian stock exchange have double duties for broker and dealer, activity of brokerage companies mainly limited by implementing buy and sell order of its clients. Thereupon investors face problems with buying and selling their shares at any time they want, and it has a negative impact on market liquidity. Market makers will make buy and sell order for government securities, and it will increase liquidity of securities in the primary and secondary market. Mongolian capital market trading activity and participation of investors are expected to increase due to increasing buy and sell order from investors on a daily basis. Introduction of market makers structure will be available in shares and derivatives market in the future.”       

  • MSE to shift to T+1 from T+3
    stockgraph.png(jan 29, 2015) MSE Top 20 index closed -0.23% lower on Thursday. Turnover for the day was MNT 68.3 million. State Department Store (UID) led decliners by losing -5.2% to MNT 550, followed by Moninjbar (-1.4%). Mongolian Stock Exchange announced that it will shift to T+1 system from current T+3 starting from February 16.

  • APU traded intraday low at MNT 3,500
    stockgraph.png(Jan 28, 2015) MSE stocks fell -0.70% on Wednesday, as 10 shares drop and 4 shares advance. APU (APU) was the most actively traded stock today. The stock registered an intraday range of MNT 3,500 and MNT 3,700 and closed at MNT 3,700. Mogoin Gol, Shivee Ovoo, and Suu shares lost more than 11%, but only single share from each one was traded. Turnover for the day was MNT 17.2 million. MSE announced its government retail bond terms for next Tuesday. 52-week bonds with a face value of MNT 100,000 have interest rate of 16.125% and there will be monthly coupons.

  • 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
value Change Date
2902.10 -0.65% 2015-04-23
12803.79 0.14% 2015-04-23
Stock Market Information
  • Standard
  • Non-standard
Symb Volume Close Change
MSE | 2015-02-24
Real Time Stock Market Quotes
Flash Player
Short term Mongolian Bond Offers an Unique Opportunity 
BDSec JSC Follow-Up Offering Prospectus 
MSE Stealth Bull Market Intact and Accelerating
A Quantitative Look at Mongolian Equities 2014
Longer Duration GOM MNT Denominated Bond Auctions a “Capital” Idea
Mongolia Growth Group Hires Global Property Expert as CEO
Presentation for BCM Monthly Meeting, 25 February 2014
Lackluster 2013 for MSE Top 20 Masks Stealth Bull Market in High Quality Stocks
Tavantolgoi TTL Initiation Coverage (Nov 2013)
Odds on Resolution of Phase 2 at Oyu Tolgoi are going up
Sharyn Gol Expands Operations into Value-Added Products
Resolution of Issues Surrounding Phase 2 at Oyu Tolgoi Probably not Imminent
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
A Quantitative Look at Mongolian Equities
Exchange Rate

Metal Ask Bid
Date : 2012-06-14
Petrol Ask Bid
Date : 2012-03-26
Bond name
Par value
Interest% (month)
100000 USD
6.25 %
10$ USD
5000 төгрөг

Copyright © 1991- 2015 "BDSEC" JSC.
All rights reserved. BDSec JSC
Chinggis Technologies LLC