logo
BDSec JSC
Mongolia's Largest Stock
Brokerage and Investment Bank

Client Service: /Overseas/ 
(976)
(976)
-11-313108
-11-323411
 
 
gov_bond_web2_-_eng_25.jpg
 
  • 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.


  • Turquoise Hill Files 2014 Oyu Tolgoi Technical Report
    Wednesday, 29 October 2014
    trq.jpg

    Turquoise Hill Resources today filed an updated compliant independently-prepared technical report under National Instrument 43-101 – Standards of Disclosure of Mineral Projects (“NI 43-101”) relating to the Oyu Tolgoi Project (the “Project”). Prepared by OreWin Pty Ltd, the 2014 Oyu Tolgoi Technical Report (2014 OTTR), updates the Oyu Tolgoi Technical Report dated March 25, 2013 (2013 OTTR). On September 22, 2014, Turquoise Hill announced that the 2014 Oyu Tolgoi Feasibility Study (the “Feasibility Study”) had been finalized and presented to the Board of Directors of Oyu Tolgoi LLC. The Feasibility Study contains two production cases – the 2014 Reserve Case and the 2014 Life of Mine (LOM) Case.


  • Railway gauge & route approved by Standing Committee
    Thursday, 23 October 2014
    railline.jpg

    Today, the Economic standing committee held the first discussion over the State policy on Railway transportation. The majority of the members approved the proposal on the railway and if the Government can successfully establish an agreement with China, construction will be taken place as detailed below:


  • Rio Tinto has withheld $US4.2 billion needed to push ahead with giant Mongolian copper venture
    Wednesday, 22 October 2014
    article_lead_-_wide62579884119hvuimage.related.articleleadwide.729x410.119ay4.png1413876788258.jpg-620x349.jpg

    Rio Tinto is leaving $US4.2 billion in financing needed to move forward its troubled Oyu Tolgoi project in limbo until the miner can get greater clarity from the Mongolian government. Rio copper boss Jean-Sebastien Jacques told Fairfax Media on Tuesday that the miner had not requested a formal extension to a lapsed deadline for project financing because the ball was in the Mongolian government's court. "Either they want to do it or they don't want to do it," he said. "If they want to do it, we can move with pace, but it is really their call now."


  • Cooperation agreement between DP and MPRP causes political row
    Tuesday, 21 October 2014
    gereeee685868760201410210728.jpg

    Democratic Party leader Prime Minister N.Altankhuyag and MPRP leader, former president N.Enkhbayar, signed a cooperation agreement extension through 2020 on Saturday, October 18th. The two parties held a press conference on Monday announcing the extended agreement comprised of 14 articles. On the same day of the DP and MPRP announcement, leader of the Democratic Party of Ulaanbaatar, and Mayor of Ulaanbaatar E.Bat-Uul and Chair of the Ulaanbaatar Citizens' Representatives Khural D.Battulga held a press conference claiming the agreement is illegal.


  • Democratic Party and MPRP to collaborate
    Monday, 20 October 2014
    gereeee685868760201410210728.jpg

    The Democratic Party (DP) and the People’s Revolutionary Party (MPRP) have upgraded their cooperation treaty. The document was signed on Saturday by N.Altankhuyag, the Prime Minister and the head of the DP, and by N.Enkhbayar, the chairman of the MPRP. Present at the ceremony were MPs and government members form these parties.  


  • Proposal submitted to Parliament on dismissing PM
    Friday, 17 October 2014
    mpp_pm.jpg

    The Speaker of parliament Z.Enkhbold Friday received a proposal from 28 MPs to dismiss N.Altankhuyag from the post of Prime Minister. A reason of this is that "the incumbent Premier Altankhuyag does not have a potential to realize guidelines within some clauses of the Constitution of Mongolia and a law on the government", they said. "Moreover, the Premier has breached the law on budget and has poorly realized his duties in managing the cabinet, causing thus serious mistakes," explained the MPs among whom are Ya.Sodbaatar, D.Khayankhyarvaa, N.Nomtoibayar and Ch.Khurelbaatar. 


  • Turquoise Hill Announces Third Quarter 2014 Production
    Wednesday, 15 October 2014
    trq.jpg

    Production for Q3'14 was 36,600 tonnes of copper and 132,000 ounces of gold in concentrates. Metal production for the quarter was in-line with Q2'14 as higher copper grades offset lower throughput due to the previously announced failure of the rake arms in one of Oyu Tolgoi's two tailings thickeners. Material mined of approximately 19.5 million tonnes for the quarter was higher than Q2'14 but was impacted by lower equipment availability.


  • Macroeconomic indicators as of September
    Tuesday, 14 October 2014
    60ae593a7ed36d7ee38552e1f65a7ad1_x3.jpg

    In September 2014, the national consumer price index rose 0.7 percent from the previous month, totaling a 13 percent increase from 2013. This percentage increase is largely due to higher prices for a household’s purchased goods and services, such as water, electricity and fuel, and other miscellaneous products. According to a report from the Bank of Mongolia, money supply reached MNT 10.1 trillion, representing a 0.6 percent decrease from the previous month. Circulated currency reached lower levels, totaling MNT 827.3 billion, a 6 percent decrease from August 2014. Loans outstanding amounted to MNT 12.6 trillion, which is a 2.2 percent increase from the previous month, totaling a 24.2 percent increase from the same period in 2013.


  • Announcement of Rights Offering Closure
    Monday, 13 October 2014
    bdsec_logo.jpgBDSec JSC’s Shareholders approved to issue additional shares equal to 35.29% of the company’s outstanding shares through its Annual General Meeting on April 18, 2014. As the company’s existing shareholders were given preemptive rights to purchase the newly issued shares before a public issue 32.61% of the total issue or 1,956,625 shares worth of MNT 3,778,242,875 have been subscribed by the existing shareholders. The majority of BDSec’s shareholders including “Firebird Management” of USA, institutional and individual investors from Japan, Germany and Turkey have all exercised their preemptive rights. It simply proves that foreign investors are still committed and confident of the future potentials of the Mongolian capital markets.

  • Parliament adopts drafts on changes in government
    Wednesday, 08 October 2014
    parliament_3.jpgA plenary meeting of the autumn parliamentary session on Tuesday evening approved amendments to laws on government structure and on government composition. After having considered some controversial matters, a majority of MPs (74%) passes the draft amendments to these laws and to the draft resolution of parliament on altering the parliamentary resolution appendix on approving the structure of state administrative bodies.

  • Premier proposes changes in government structure
    Thursday, 02 October 2014

    c98f94f40157770b2c759e6a29a9730b_xl.jpgThe Prime Minister and the MP N.Altankhuyag presented Thursday to the Speaker Z.Enkhbold a draft law on amending the law on Government. The current structure of the Government for reforms has 16 Ministries which has allowed to reach an efficiency in implementing policies on economics, construction and urban planning, in roads and transportation, and to increase  investments, said the Premier. A new structure has been suggested in order to forward the economic growth, to ensure social and economic development, and to undertake measures for implementing the Government's action plan, he stressed.

     


  • Parliamentary session begins
    Wednesday, 01 October 2014

    parliament_2.jpgThe State Great Khural's (parliament) autumn session began on Wednesday. This session intends to discuss 26 issues and to make some changes in the government, as the public expects. The official agenda include, as we informed before, measures of the government for implementation of policy on railroad transportation, a draft budget of 2015, a draft law on crime.


  • Fire at MCS Group's Shangri La Hotel
    Tuesday, 30 September 2014
    e2103afd9561086841a6677f259acdc3big.jpgMCS Group's flagship Shangri La Hotel in Ulaanbaatar caught fire on Tuesday, September 30th. The City Emergency Management Division and Fire Brigade has been working with their full resources available to extinguish the fire at the 5-star luxury hotel east of Chinggis Khaan Square (formerly known as Sukhbaatar Square).

  • SouthGobi Resources Announces the Completion of the Construction of a Paved Coal Highway to Mongolia-China Border
    Monday, 29 September 2014
    southgobi_resources.jpgSouthGobi Resources Ltd. ("SouthGobi") announced today that construction of a paved highway from the Ovoot Tolgoi Complex to the Shivee Khuren Border Crossing has been completed. Traffic opening ceremony of the highway was held on September 27, 2014. "With the completion of the paved highway, I am pleased to announce that we have achieved one of our key objectives for 2014. The highway will significantly increase the safety of coal transportation, reduce environmental impacts, and improve efficiency and capacity of coal transportation" said Ross Tromans, President and CEO.

  • Oyu Tolgoi's Board of Directors to meet in October
    Thursday, 25 September 2014
    oyu-tolgoi-logo1.pngOyu Tolgoi's Board of Directors will hold a meeting to discuss the new feasibility study of the underground expansion of the Oyu Tolgoi project on October 2nd. Mining Minister D.Gankhuyag commented, "After the feasibility study of the underground expansion of Oyu Tolgoi is discussed by Oyu Tolgoi's Board of Directors, the Mongolian Minerals Resource Council will also review it. Efforts will be made to have the feasibility study discussed."

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
3394.20 -0.34% 2014-11-21
TOP20
14835.26 -0.50% 2014-11-21
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
Real Time Stock Market Quotes
Flash Player
Download
Short term Mongolian Bond Offers an Unique Opportunity 
New
BDSec JSC Follow-Up Offering Prospectus 
New
MSE Stealth Bull Market Intact and Accelerating
New
A Quantitative Look at Mongolian Equities 2014
New
Longer Duration GOM MNT Denominated Bond Auctions a “Capital” Idea
New
Mongolia Growth Group Hires Global Property Expert as CEO
New
Presentation for BCM Monthly Meeting, 25 February 2014
New
Lackluster 2013 for MSE Top 20 Masks Stealth Bull Market in High Quality Stocks
New
Tavantolgoi TTL Initiation Coverage (Nov 2013)
New
Odds on Resolution of Phase 2 at Oyu Tolgoi are going up
New
Sharyn Gol Expands Operations into Value-Added Products
New
Resolution of Issues Surrounding Phase 2 at Oyu Tolgoi Probably not Imminent
New
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
 
 
More
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