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  • The Bank of Mongolia and the People's Bank of China signed a new currency swap agreement with its size expanded to RMB 15 billion
    Friday, 22 August 2014
    bankofmongolia_400.pngOn August 21 2014, Zoljargal Naidansuren, Governor of the Bank of Mongolia (BoM) and Zhou Xiaochuan, Governor of the People's Bank of China (PBoC) signed a new currency swap agreement for a term of another three years, with its size expanded from RMB10 billion to RMB15 billion. The new agreement will be effective for three years, and can be extended by mutual consent and superseded the RMB10 billion currency swap agreement signed on 06 May 2011 and extended on 14 May 2014.

  • Xi Jinping speaks to Mongolian parliament
    Friday, 22 August 2014

    779ac44ee1a29599e3c47904384f2e9ebig.jpgChina's President Xi Jinping, who is on two-day visit to Mongolia upon the invitation of President Ts.Elbegdorj, attended a special Mongolian parliamentary session meeting to give a speech. President Xi Jinping said, “We reached resolutions in a wider range of bilateral talks between China and Mongolia. Bilateral relations between the two countries moved into a comprehensive strategic partnership and over 20 economic agreements were signed. I am delighted about this visit. It is said that if a horse is good or bad, it is recognized from a long distance, and if a man is good or bad it is recognized  in a long-time friendship. China and Mongolia established  diplomatic relations 65 years ago. Mongolia was the first country that recognized the new China. We should not forget these significant relations. We will respect Mongolia's independence, sovereignty, immunity and its chosen path according to the China-Mongolia Friendship and Cooperation Treaty. I want to emphasize that bilateral relations between Mongolia and China have reached a high level. In particular, I note again that bilateral relations have had rapid expansion in the past two decades. Bilateral strategic partnership relations between the two countries will be maintained whatever changes come in international relations. I want the bilateral strategic partnership relations between the two countries to have development fast like a racing horse."


  • World Bank appoints new Country Representative for Mongolia
    Thursday, 21 August 2014

    42d678ae0e9c1b72280b600b3e2b53abig.jpgThe World Bank's new Country Representative for Mongolia has been appointed. New Country Representative for Mongolia James Anderson took office on August 18, to start next week. James Anderson is a U.S. national and a PhD in Economics. He is an experienced banker who has been working for the World Bank since 1997.


  • Mongolian and Chinese enterprisers establish cooperation documents
    Thursday, 21 August 2014

    a40e67021f7803ef4a7bca4068225615.jpgEnterprises of the two countries signed Thursday cooperation documents in frames of the state visit of Mr Xi Jinping, the President of the People’s Republic of China to Mongolia. The “Erdenes Mongol” LLC and the China Railway Engineering Corporation signed a memorandum of mutual understanding on establishing a partnership ties of cooperation. The “Gashuun sukhait” LLC, the Shenhua Group and the China Development Bank (CDB) signed a general agreement on financing the railway of the Gashuun Sukhait-Gants mod border checkpoint.


  • Mongolia Seeks Economic Lifeline With Pivot to China, Russia
    Wednesday, 20 August 2014

    erdenes-tavantolgoi.jpgAfter two decades courting Western investors and political allies, Mongolia is refocusing on foreign ties closer to home seeking to revive its economy. China’s President Xi Jinping is scheduled to arrive tomorrow in the country landlocked between his nation and Russia, as Mongolia’s economic woes mount. Growth is the weakest in four years, foreign investment has plummeted, inflation is rising and the currency has plunged to a record low.


  • Mongolia welcomes Chinese investment, says Beijing before Xi visit
    Monday, 18 August 2014

    a40e67021f7803ef4a7bca4068225615.jpgMongolia welcomes Chinese investment, Beijing said Monday, as President Xi Jinping prepares to visit the country where there is growing opposition to overseas control of its vast, largely untapped mineral reserves. The two countries are neighbours but Xi's trip to Ulan Bator on Thursday and Friday is the first by a Chinese head of state for more than a decade. It comes with resource nationalism the major issue in Mongolian politics, while Beijing is constantly on the look-out for resources to power the world's second-largest economy.


  • Rio secures power deal for Mongolian copper mine
    Friday, 15 August 2014

    3jh9tjm1mqcoqo7d9kbb7t8o1q.jpgRio Tinto on Thursday secured an agreement with the Mongolian government for the construction of a power generation plant to feed the $6.5 billion Oyu Tolgoi copper project, ahead of a Sept. 30 deadline for a decision on project financing. The Oyu Tolgoi LLC mining unit will be the primary consumer of energy generated from the power station, which is expected to be built near Mongolia's state-owned Tavan Tolgoi coal mine. Mongolia will hold an international tender to select a private company to fund construction and then own and operate the power plant, said Oyu Tolgoi.


  • Turquoise Hill Announces Financial Results and Review of Operations for the Second Quarter of 2014
    Thursday, 14 August 2014
    trq.jpgOyu Tolgoi recorded net revenue of $436.0 million in Q2'14 on sales of approximately 202,500 tonnes of copper-gold concentrate. Q2'14 concentrate sales increased approximately 320% over Q1'14 and exceeded production resulting in an inventory drawdown for the quarter. In Q2'14, Oyu Tolgoi had its strongest quarterly performance since production began in 2013 with 140,000 tonnes of copper-gold concentrate produced containing 36,200 tonnes of copper.

     


  • Turquoise Hill aims to end Mongolia tax dispute before deadline
    Wednesday, 13 August 2014

    ot_project.jpgTurquoise Hill Resources is working to resolve a tax dispute with the Mongolian government before an extension runs out on funding commitments for the underground expansion of its Oyu Tolgoi gold and copper mine, the company's chief executive officer said on Tuesday. "We are all aware of the September 30 date and we are all working toward that deadline," CEO Kay Priestly said on a conference call with investors, referring to the expiration of a six-month extension on bank commitments to fund the project.


  • SouthGobi Resources Announces Second Quarter 2014 Financial and Operating Results
    Tuesday, 12 August 2014
    southgobi.jpgThe Company continues to operate under difficult market conditions. Coal prices in China declined further in the second quarter compared to the first quarter of 2014 in response to excess seaborne and Chinese domestic supply. The decline in coal prices has been partially offset by the increase in the Company's volumes in the second quarter compared to the seasonally slow first quarter. On July 30, 2014 the Company announced Turquoise Hill mining entered into an agreement with National United Resources ("NUR") to sell shares representing 29.95% of the Company's total common shares. The closing of this transaction is subject to certain conditions, including the approval of both the Hong Kong Stock Exchange ("HKEX") as well as NUR's shareholders. Turquoise Hill expects the closing to occur no later than November 30, 2014.

  • Japanese businesspeople came to seek business opportunities
    Monday, 11 August 2014
    japan_mongolian.jpgLast month, the president paid an official visit to Japan as a continuation of bilateral partnership between both nations. This high level visit and meeting resulted in the signing of a bilateral partnership agreement. Japanese businesspeople from the Shizuoka Prefecture also visited Mongolia to see how the economy and businesses run. Japanese businesspeople are interested in what Mongolia has to offer since it is abundant in agricultural and mining reserves. Most of these Japanese businesspeople come from industries relating to real estate, commerce and trade, construction, infrastructure, automobile parts and tea.

  • Capital Market Day of Mongolia in London
    Thursday, 07 August 2014
    e161a9e4375f47bca8aef2316f108d33_x3.jpgThe Mongolian Stock Exchange and the London Stock Exchange are working together to host “Capital Market Day” in London on September 9, 2014. London was chosen as the ideal city for the event as it is one of the largest financial centers in the world. The London Stock Exchange has previously worked with the Mongolian Stock Exchange to help upgrade the MSE’s new system, Millennium IT.

  • Khan Bank and EBRD Support Micro, Small and Medium Enterprises
    Wednesday, 06 August 2014

    khan_ebrd.jpgKhan Bank, one of the leading commercial banks in Mongolia, have established a lending agreement for the MNT equivalent of USD 8million with The European Bank for Reconstruction and Development (EBRD). Last year the parties signed a USD 25million loan agreement for providing cheaper financing to micro, small and medium suppliers and distributors conducting business with large corporations. This time Khan Bank is receiving its last tranche of USD 8million equivalent in MNT. 


  • Golomt Bank Cooperates with Hungarian Export-Import Bank in Financing Project Investment and Trade Finance Project
    Tuesday, 05 August 2014
    exim_golomt.jpgOn July 31, 2014 (Thursday) a Medium Term Credit Facility agreement has been concluded between Golomt Bank and Hungarian Eximbank.  The financial agreement was signed by Bolormaa Luvsandorj, Chief Investment Officer of Golomt Bank and by Mr. Andras Puskas, Deputy CEO, and Mr. Zsolt Demkó-Szekeres, Director, Trade Finance of Hungarian Eximbank in Budapest.  The signing ceremony was also attended by representatives of the Mongolian Embassy in Budapest and the Ministry for National Economy of Hungary.

  • HBOil (MSE:HBO) announces first half financials
    Monday, 04 August 2014
    hbo.jpgHBOil JSC, (MSE:HBO) announced first half 2014 revenues of 242M MNT which were 210% higher than full year 2013, or 410% higher on an annualized basis. HBO’s first half profits were 221M MNT, vs. a loss of 93M MNT in full year 2013. First half profits of 221M MNT represent a 540% increase in profits vs. full year 2012, or 1080% on an annualized basis. Bloomberg highlighted HBO as the best performing A-Board stock, increasing 76% YTD.

  • China to Increase Foreign Direct Investment
    Friday, 01 August 2014
    70e72f99e6c0ef1f997b6fada1b40868_x3.jpgEconomists agree that it is important to attract more investors during this time when foreign reserves are decreasing by large numbers. Over the past five months, foreign currency reserves have dropped by 28.6 percent. On a year-on-year basis, the number has decreased by 52.6 percent. As a result, Mongolia has been hosting many forums and meetings with foreign investors, despite these summer months being a time to celebrate Naadam festivities.

  • EBRD helps build top-class cement plant in Mongolia
    Thursday, 31 July 2014

    senj_sant_feat.jpgWith EBRD help, Mongolia’s Senj Sant is in the midst of constructing a technologically advanced and environmentally friendly dry process cement plant – the first of its kind so far in Mongolia - to meet rising demand generated by a rapidly growing economy. A deal to lend Senj Sant US$ 65 million, following an earlier US$ 20 million equity investment for a stake in Senj Sant agreed in May 2013, was signed at a ceremony at HQ recently by First Vice President Phil Bennett.


  • Turquoise Hill Enters Into an Agreement with National United Resources to Sell Shares Representing 29.95% of SouthGobi Resources' Total Shareholding
    Wednesday, 30 July 2014
    trq.jpgSouthGobi Resources Ltd. ("SouthGobi" or the "Company") has been notified that Turquoise Hill Resources Ltd. ("Turquoise Hill") has entered into a share purchase agreement to sell a 29.95% stake in the Company to National United Resources Holdings Limited ("NUR"), a Hong Kong-based public company listed on the main board of the Stock Exchange of Hong Kong Limited ("SEHK").

  • Notice on exercise of the pre-emptive rights for the acquisition of additional shares in BDSec JSC
    Thursday, 17 July 2014

    bdsec_logo.jpgThe Financial regulatory commission of Mongolia approved the rights issue of BDSec JSC through its regular meeting on 7 July, 2014.

    Please see the below notice on exercise of the pre-emptive rights.


  • Naadam festival falls between July 11-15
    Wednesday, 09 July 2014
    naadam.gifThe Mongolian national holiday “Naadam” will be celebrated from July 11 to 15. Therefore, the stock exchange will close its market on these days.
     

Daily Market Update
  • 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.

  • Resolution submitted to parliament to dismiss Minister N.Batbayar
    apu_chart.jpg(May 30, 2014) Mongolia’s stocks fell for sixth day as large-cap companies on the MSE drop. The benchmark index lost -1.24% to end the session at 14,814.37 points. The Top 20 index lost as much as -3.64% this week. APU (APU), the largest company by market value on the MSE, was the biggest dragger. APU closed at MNT 3,500, losing -1.7%, its lowest close since March 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
3354.21 0.23% 2014-08-28
TOP20
15778.17 0.07% 2014-08-28
Stock Market Information
  • Standard
  • Non-standard
Symb Volume Close Change
GTB
10010
87
-1.00%
TTL
470
5050
0.00%
UID
104
565
0.38%
MSE | 2014-08-27
Real Time Stock Market Quotes
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OT Finally Ships Concentrate, Management now is the Focus
 
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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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