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News

MONGOL BASALT PAYS DIVIDENDS

2019-06-25 10:29:41

WEEKLY TRADING REPORT

2019-06-24 16:05:53

MNT1,034,827,241 worth of securities were traded on MSE during the week of June 17, 2019 to June 21, 2019.

GREETINGS FROM CEO

I would like to greet you all with the 27th anniversary of the establishment of the Mongolian Capital Market and Stock Exchange.

In past years, the establishment of fundamental factors in the development of the capital market in Mongolia was set well as a result of restructuring legal status of the capital market and introducing internationally accepted market infrastructure.

In recent years, the trading volume hit the record high accompanied by increased activity with a successful IPOs and SPOs. In 2017, the market turnover reached MNT859.2 billion, the highest in its 26 years of history and TOP-20 index was one of the best performing indexes in the world with 68.9% increase while market capitalization gained 67.4% to reach MNT2.4 trillion updating the record of last 5 years. Plus, Suu Bond issued by ‘Suu’ JSC was offered successfully to attract MNT6.0 billion, the highest amount that was accumulated through a company debt instrument on the market to date. Initial public offering initiated by ‘LendMN NBFI’ JSC received oversubscription of 16.5 times that of originally offered or MNT41 billion, marking the highest oversubscription rate of the market to date.

We are looking forward to building on our success by listing the first foreign listed company, carrying out the privatization of state-owned enterprises, cooperating with other market participants to re-introduce T+2 securities settlement process and creating more transparent and efficient market.

I wish all the market participants including all clients, investors, professional organizations and securities issuers that are working with us for development and reform of capital market, all the best on behalf of the Mongolian Stock Exchange team.

May the Mongolian capital market be a gateway to development!

 

ALTAI.KH

CEO OF MONGOLIAN STOCK EXCHANGE