APU and LendMN compose 40.3 percent of MSE ’s stock trade in April

ZGM DAILY

2018-05-09 09:46 GMT+8

Stock trading of APU JSC and LendMN, non-banking financial institution composed 40.3 percent of total trades conducted at the Mongolian Stock Exchange (MSE) in April. 26 percent of the trade was solely traded by the youngest firm LendMN. Last month, the MSE conducted a total of MNT 2.98 billion worth stock trades, MNT 592.7 million Government securities trades and MNT 2.98 billion package trades. In addition, the major indexes have fell. For example, the TOP 20 Index decreased by 4.2 percent, to 19800 points, whereas MSE A Index fell the most by 6.5 percent. As a result, the market cap reached MNT 2.47 trillion and dropped by 4.5 percent compared to the previous month.

At the Mongolian Securities Exchange (MSX), a total of MNT 136.8 million stock trades were conducted in April, which was the highest in volume. According to the MSX report, trading intensified resolutely as it launched e-trading platform in the beginning of April. In addition, the exchange started registering IPO applications online last month.

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