Daily Business News Mongolia

206.7 thousand shares were sold at the MSE

206.7 thousand shares of 22 SHC were sold at the MSE totaling 37.9 million MNT trade. 116.8 thousand Remicon share and 1.5 thousand Monfresh share were sold at the primary market.  42.6 thousand shares of Hermes Center were sold and it was the most actively traded shares at the stock market. In comparison to the previous day’s trade, APU share price was increased by 14.9% and MAH impex share price by 13.64%, but Anod bank share price was decreased by 7.64% and Guril tejeel bulgan by 11.76%.

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Korean investment through Anod bank

In recent years, under the joint efforts of Mongolia and the Republic of Korea, bilateral exchanges and cooperation in such fields as politics, trade, economy, culture and education have been growing continuously. On October 15-17, 2008, Mongolian Prime Minister Mr. S.Bayar paid an official visit to the Republic of Korea. Delegations from Anod bank accompanied the Prime Minister and Mr. L. Ulambayar, CEO of Anod bank, and Mr. Park Byung Sik, President of KCH Industry Development Co.,ltd, signed a Memorandum of Understanding (MOU) during the visit. (more…)

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MSE traded 159.1 thousand shares

159.1 thousand shares of 23 SHCs were sold at the yesterday’s trade at the MSE trade, totaling 49.2 million MNT. 29.9 thousand shares of Moninjbar SHC were sold the most actively at the secondary. At the primary market, 45 thousand shares of Remicon SHC were sold. Shares of Anod Bank increased by 14.91% and Barilga Corporation share was increased by 11.11%. Share of SBB was decreased by 9.47% and share of Hermes Center was decreased by 8.96, if compared against the previous day of trade at MSE.

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Weekly Stock Review: August 25 – 29, 2008

During 5 trades, between August 25 – 29, 2008, 369.7 thousand shares of 31 SHCs were sold at the Mongolian Stock Exchange, totaling 180.6 million MNT. 578 shares of Remicon SHC were sold at 57.8 thousand MNT at the primary stock market. Index TOP – 20 was 8639.77 and it is decreased by 30.94 units or 0.4% if compared against last week. The total market value 722.1 billion MNT. (more…)

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“ANOD BANK” SHC to introduce ESOP

Anod Bank SHC is introducing Employee Stock Ownership Plan (ESOP). It is the first exercise in Mongolia to introduce ESOP in its operation and Anod Bank SHC officially signed a cooperation agreement to jointly implement the program, which is widely used throughout the world, with the Mongolian Stock Exchange on Wednesday, August 27, 2008. (more…)

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Daily Stock News, Monday August 26, 2008

Monday, August 26 2008, 111.4 thousand shares of 13 SHCs were sold at the Mongolian Stock Exchange,
totaling 31.5 million MNT.

48.6 thousand shares of Khukh Gan SHC were sold and became the most active traded share of the day.
Share of Sonsgolon Barmat SHC was increased by 2.29%, and, in contrary, shares of Autoimpex was decreased
by 6.25% and shares of Anod Bank by 3.8%, respectively, comparing with the closing price of the previous trade.

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Weekly Stock Review

5 stock trades were held in a week between August 18-22, 2008. 654.8 thousand shares of 31 SHCs were sold at the Mongolian Stock Exchange, totaling 195.5 million MNT.

1.7 thousand shares of Remicon SHC were sold in 170.3 thousand MNT.

Index of Top-20 was 8670.71 and it was decreased by 830.85 units or 8.7%. Hence the total market capitalisation was set at 734.2 billion MNT.

Shares which prices were dropped are; Ulaanbaatar Hotel (by -27.8%), Gobi (by -7.5%), Mongolia Telecom (by -9.1%), Baganuur Mine (by -6.4%), NIC (by -6.3%), APU (by -6.4%), Moninjbar (by -9.7%).

468.9 thousand shares of Khukh Gan SHC, 71.4 thousand shares of Anod Bank, 55.2 thousand shares of Hermes Centre SHC, 22.2 thousand shares of Genco Tour Bureau (GTB), 21.9 shares of APU SHC were sold and most active.

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Weekly Stock Trade Review

As for the week between August 11 - August 15 2008, 1.2 million stocks of 44 SHCs were sold at 283.7 million MNT. 10.3 thousand stocks of Remicon SHC were sold at 1.0 million MNT at the first market trading of the Mongolian Stock Exchange. (more…)

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Anod Bank Is Going For Public

The Board of Directors of Anod Bank held a press conference at Mongolian Stock Exchange in this morning and announced that Anod Bank is now public company. Anod Bank offers 19.3 million share of 20 billion which will be traded 19-23 this month. Trading process will proceed through Nobel Laureate William Vickrey’s method of competitive sealed tender, named “Open IPO”. This method limits a major shareholder’s advantage and protects small shareholder’s rights properly. With this activity, Anod Bank hopes to raise its asset and also tends to more IPOs in foreign stock market. Anod Bank is planning to spend its stock market profit for mortgage lending.

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