Ulaanbaatar /MONTSAME/ Mongolian market capitalization jumped to a near five-year highest as of July 20.
Previously, the market capitalization almost doubled down from MNT 2.1 trillion to MNT 1.2 trillion between 2012 and 2015. Rallying since last year, Market capitalization of Mongolian Stock Exchange hit MNT 1.61 trillion on Thursday of last week, which is the highest since March 2013.
Furthermore, “MSE ALL” index steadily increased since mid-June, reaching 899.1 units. The positive start of the index had an immediate effect on market capitalization of MSE.
On Thursday, July 20, a total of 312,640 shares of 23 companies were traded. The shares of 11 companies have increased, while stock prices of 9 companies declined and 3 companies were stable. Specifically, “Gobi” JSC’s stock price rose constantly from mid-June and set a record high with MNT 14.9 thousand. And 11.2 percent loss of “Khukh Gan” LLC’s stock considered the lowest.
On the other hand, demand for “APU” shares increased in July. Earlier this month, the company signed an agreement to merge beer business with “MBC” LLC, the joint company of internationally renowned “HEINEKEN” and MCS group. As a result, the company’s stock skyrocketed with almost 50 percent increase. On Wednesday, July 19, some 114,939 units of the company’s shares were traded through 69 trading sessions among the investors. This set a record for the most trading sessions in a single trading day in the history of MSE.
B.Tugsbilig
Ulaanbaatar /MONTSAME/ Mongolian market capitalization jumped to a near five-year highest as of July 20.
Previously, the market capitalization almost doubled down from MNT 2.1 trillion to MNT 1.2 trillion between 2012 and 2015. Rallying since last year, Market capitalization of Mongolian Stock Exchange hit MNT 1.61 trillion on Thursday of last week, which is the highest since March 2013.
Furthermore, “MSE ALL” index steadily increased since mid-June, reaching 899.1 units. The positive start of the index had an immediate effect on market capitalization of MSE.
On Thursday, July 20, a total of 312,640 shares of 23 companies were traded. The shares of 11 companies have increased, while stock prices of 9 companies declined and 3 companies were stable. Specifically, “Gobi” JSC’s stock price rose constantly from mid-June and set a record high with MNT 14.9 thousand. And 11.2 percent loss of “Khukh Gan” LLC’s stock considered the lowest.
On the other hand, demand for “APU” shares increased in July. Earlier this month, the company signed an agreement to merge beer business with “MBC” LLC, the joint company of internationally renowned “HEINEKEN” and MCS group. As a result, the company’s stock skyrocketed with almost 50 percent increase. On Wednesday, July 19, some 114,939 units of the company’s shares were traded through 69 trading sessions among the investors. This set a record for the most trading sessions in a single trading day in the history of MSE.
B.Tugsbilig