The “Mongolian Stock Exchange” state-owned company has achieved the following results in the first half year of 2019, but not limited to:
- MSE traded total of 376.9 million shares worth MNT 82.3 billion on primary and secondary markets while 79.8 thousand units of Government bonds worth MNT 7.9 billion on secondary market. In total, the market turnover reached MNT 90.2 billion which showed an increase of 16.1 percent or MNT 12.5 billion compared to the same period of last year.
- The market capitalization grew by 4.83 percent to MNT 2.6 trillion as compared to the previous year.
- MSE experienced the record number of IPOs, 4 new issues in a half year, in the reporting period. The primary market trades amounted to MNT 42.5 billion which indicates a three-fold growth.
- In order to ensure compliance of listed companies, MSE has delisted 22 issuers who failed to perform its obligations as well as whose trade suspended for a long period.
- In order to increase professional investors and improve market liquidity, MSE drafted and adopted the Listing Rules of Closed-End Funds in June 2019 and submitted to the Financial Regulatory Commission for further approval.
- MSE organized the Capital Market Open Day event 5 provinces where more than 7000 people attended.
- As for the financial results, despite the fact that no Government securities are issued on the primary market, MSE generated operating income of MNT994.4 million and an operating expenses of MNT 716.9 million which results in a surplus of current period operations of MNT 277.4 million. It recorded a pretax loss of MNT 204.6 after recognizing an accumulated depreciation and amortization as well as service charges of MNT482.1 million related to Millennium IT system.
- Comparing to the same period of previous year total income was increased by 25.3%, trading fee by 34.6% and service fee by 24.6% respectively. A total of MNT 274.9 million of taxes and fees were paid to the state budget which was 25.1% higher than the previous year. As compared to the same period of 2018, total income, trading commission and service charges and fees rose by 25.3 percent, 34.6 percent and 24.6 percent respectively. It also paid a total of MNT274.9 million to state budgets which is an increase of 25.1 percent compared to the same period of 2018.
MONGOLIAN STOCK EXCHANGE