The Annual Report - 2017 of the Mongolian Stock Exchange, which consists of our achievements, highlights and financial performance for the year of 2017, has been published on the company website.
In 2017, market turnover reached MNT859.2 billion - MNT76.4 billion worth shares, MNT772.5 billion worth Government bonds and MNT10.2 billion worth corporate bonds, the highest in its 26 years of history and 57.2% higher than the previous record fixed in 2015. The secondary market trading of Government securities has reached its peak and TOP-20 index and market capitalization both updated the record of last 5 years.
Stocks and bonds, the main products of the market, demonstrated increased activity with a successful IPO and SPO. For instance, 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 ITools JSC, the first ever technology company listed on MSE received oversubscription of 3 times that of originally offered or MNT 3.9 billion, marking the highest oversubscription rate of the market to date.
Another notable event was that ‘APU’ JSC, a Tier 1 company, merged with ‘Evergreen’ LLC by issuing additional 321,304,553 common shares, which was the largest-to-date merger in Mongolian capital market. As a result of this merger, globally recognized Heineken company owns the 25 percent stake of ‘APU’ JSC and this enabled the company to expand its business regionally and internationally.
In addition, ‘Rules on securities issuance on domestic market by legal entity listed on foreign exchange, and securities issuance on foreign exchange by legal entity listed on Mongolian exchange’ was approved as a result of joint cooperation through working committee with Financial Regulatory Commission, thereby paving the way for companies to dual list on Mongolian market in the future.
Click here to see Annual report of Mongolian Stock Exchange.
MONGOLIAN STOCK EXCHANGE