news

Nearly 100 billion MNT in trading conducted at the MSE in Q1 and Q2 2016

  • 555
  • 0
Nearly 100 billion MNT in trading conducted at the MSE in Q1 and Q2 2016

The Mongolian Stock Exchange (MSE) presented its 2016 half-year report on Tuesday, and underlined that it organized trading of 98.6 billion MNT, 85.3 billion MNT (86.6 percent) of which was made up by government bond sales and 13.2 billion MNT (13.4 percent) by shares sales. The report shows that the MSE has a total of 58 member companies, 43 of which are authorized to participate in trading. The authorization of 15 companies has been temporarily suspended, while 34 companies are participating in the MSE’s trading from overseas. Six companies were removed from MSE registration in May 2016. MSE registered companies are expected to issue 15.4 billion MNT in dividends to their investors from their 2015 profits. In the first six months of 2016, the MSE successfully organized the initial public offering (IPO) of Mongol Post JSC, raising 12.6 billion MNT. The MSE also made changes to its regulations when it became a self-regulating organization. The MSE joined a declaration for implementing a company governance codex among the nation's top 20 companies. The MSE also underlined that it has begun cooperation with the Mongolian National Chamber of Commerce and Industry to help its members draw in financial resources through the MSE. On January 2016, the MSE marked its 25th anniversary. In February, repayment of Mongolia’s first insured Erchim Bond was made. In order to attract foreign investors and promote Mongolia's biggest companies abroad, the MSE organized the Mongolia-London Business Forum in March 2016. In June 2016, APU, Suu, and Ulaanbaatar Buk JSC divided their securities, which analysts say helped the companies to advance their market assessment and liquidity by 3 to 50 percent.

0 COMMENTS