MSE: THE AVERAGE DAILY TRADING AMOUNT INCREASED BY 21.5 PERCENT TO MNT 373 MILLION
The average daily trading on the MSE increased by 21.5 percent to MNT 373 million. The result has been steadily increasing over the past five years.
In other words, the average daily trading amount on the Mongolian Stock Exchange was MNT 95 million. Since then, the average annual growth rate is equal to about 40 percent. The trading amount was increased due to a rise in the number of new products launched in the domestic capital market. The largest IPOs on the market were the IPO of ‘Mandal Insurance’ JSC worth MNT 7.5 billion and the IPO of ‘Mongol Basalt’ JSC worth MNT 6.4 billion. Securities companies have pointed out that investors are more interested in stocks as the primary market trading of Government securities has stopped since November, 2017.
Source: BloombergTv.mn