MSE market evaluation reaches historical high
- By Amarjargal Munkhbat -
- May 03,2023
When the secondary market trading of Khan Bank shares started last Monday, the exchange rate rose by 15 percent and equaled to 1,102 MNT per unit. As a result, the market value was 2.1 trillion MNT, which was higher than that of other companies. Previously, on January 5, 2022, APU became the first company whose market value reached two trillion MNT. Currently, APU, Golomt Bank, Tavan Tolgoi, and State Bank are the first five in the list of highest valued company along with Khan Bank. The value of top five companies reached 8.7 trillion MNT on May 1, reaching a historical high.
The market value of MSE exceeded seven trillion MNT for the first time at the beginning of last March and the trading volume of MSE last month increased to 219.2 billion MNT. The issuance of Khan Bank’s IPO of 183.3 billion MNT has affected it. Some experts mentioned that about 19 trillion MNT were traded in company bonds and asset-backed securities.