Weekly Stock Exchange Review

5 stock trades were held on the during the days of 14-18th of May. 810.5 thousand shares of 62 JSCs were traded totaling 389.2 million MNT. Index top 20 reached 20402.71 units and was increased by 74.07 units or 0.36% compared to the previous week. Share prices of Khukh gan, Remicon, Hotel Mongolia, GObi, APU, […]

The New Investment Law is approved

Mongolia’s parliament approved a new investment law Thursday that caps future foreign participation in certain strategic industries, reflecting a growing public push to keep profits from the mineral-rich nation’s industries inside the country. When it goes into effect, the law will require foreign investors to obtain government review and parliamentary approval for investments at 49% […]

Daily Stock Exchange News

29.2 thousand shares of 28 JSCs were sold at the Mongolian Stock Exchange today (Thursday May 17th), totaling 26.3 million MNT. Total of 28 JSCs were traded, share prices of 7 JSCs increased, 7 were decreased but 14 JSCs were stable. Index top 20 units was 20336.12 units and was increased by 23.69 units or […]

Ivanhoe's share declines after ACA visit

Ivanhoe Mines Ltd.’s IVN -4.82% shares fell sharply Tuesday after Mongolian anticorruption authorities visited the head office of the Canadian miner’s coal operations in the Asian country. SouthGobi Resources Ltd. 1878.HK +5.54% said that the Anti-Corruption Agency of Mongolia “formally requested information” from the offices of subsidiary SouthGobi Sands LLC. Vancouver-based Ivanhoe owns 57.6% of […]

LSE hopes to benefit from the MSE growth

The London Stock Exchange last week played host to international resources investors clamouring to grab a chunk of the commodity-fuelled economic boom that is sweeping Mongolia. Hailed as one of the last frontiers for resources exploration, the central Asian country is thought to have $1.3 trillion in untapped mineral deposits, including coal, copper, iron ore, […]

Weekly Stock Exchange Review

5 stock trades were held at the Mongolian Stock Exchange last week and 437.1 thousand shares of 44 JSCs were traded totaling 426.0 million MNT in value. MSE Index top 20 reached 20493.96 units and was increased by 546.85 units or 2.7 percent. Share prices of Aduunchuluun, Khukh gan, BDSec, APU, Mongolia Telecom and Tavantolgoi […]