The Mongolian Stock Exchange (MSE) surpassed Mongolian tughrik (MNT) 3 trillion ($863.8mn) in trading volume in 9M23, a milestone achieved after the successful sale of 387,000 shares of 43 companies and coal worth MNT 207mn on the exchange.
The inclusion of equity in the five largest banks of Mongolia and the introduction of 13 new trading products in 2023 on the MSE played a decisive role in increasing trading activity, according to the exchange’s marketing and public relations department.
Moreover, more than 60% of the more than MNT 3 trillion in trading volume derived from trade in coal and iron ore, it added.
The bourse operates the Millennium system for securities trading, settlement, deposits and control. It was introduced as part of a master operating agreement concluded with the London Stock Exchange.
MSE investors can participate in online trading.
Related Articles
Mongolia omits Russia-to-China Power of Siberia 2 pipeline project from action plan for years ahead
Mongolia’s action plan through 2028 reportedly does not include the Power of Siberia 2 natural gas pipeline project to connect Russia and China across 2,594 kilometres (1,612 miles) of its ... more
Fourteen injured as acute turbulence hits Korean Air flight to Ulaanbaatar
Fourteen people were injured on a Korean Air flight to Mongolian capital Ulaanbaatar after encountering turbulence so strong that the aircraft shook and meals flew around, Korea JoongAng Daily has ... more
RSF calls on Mongolia to drop charges against editor investigating deputy PM
Reporters Without Borders (RSF) on June 6 called on the prosecutor's office of Mongolia to drop all charges ... more