[ad_1]
The Mongolian Inventory Trade has marked a momentous achievement because it surpassed a buying and selling quantity of three trillion MNT inside the first 9 months of 2023. This vital milestone was reached after the profitable sale of 387,000 shares from 43 corporations and coal commodities valued at 207 million MNT on the alternate.
To place this achievement into perspective, it’s price noting that the alternate’s buying and selling quantity peaked at 354.4 billion MNT in 2015, a file at that point, throughout its 25-year historical past. Nonetheless, the alternate shattered its earlier file in 2021 when it traded securities price a staggering 1.4 trillion MNT.
The Advertising and marketing and Public Relations Division of the Mongolian Inventory Trade attributed this newest achievement to a number of key components. First, the inclusion of shares from 5 main banks and the introduction of 13 new merchandise for buying and selling in 2023 performed a pivotal position in boosting buying and selling exercise. Moreover, a good portion of the three trillion MNT, over 60 %, was generated from the buying and selling of coal and iron ore, each important elements of Mongolia’s mining sector.
This accomplishment underscores the continued progress and vibrancy of the Mongolian Inventory Trade, because it continues to play a pivotal position in the nation’s monetary panorama.
As well as, MSE additionally launched a brand new buying and selling system. Inside its plan to usually perform buying and selling system and infrastructure reforms, it efficiently applied the Millennium buying and selling system infrastructure reform venture as a corporation liable for conducting clear and error-free securities buying and selling. Within the framework, the person acceptance take a look at for the newly put in primary buying and selling system was performed from September 4 to eight, and one other take a look at involving all stakeholders of the inventory market was performed from September 9 to 16. On September 18, the system replace was efficiently launched into the market contemplating conducting business assessments.
As a part of the Grasp Work Settlement established between the London Inventory Trade and the Mongolian Inventory Trade, the Millennium IT advanced system for securities buying and selling, settlement, deposit, and management was launched to the Mongolian inventory market on July 2, 2012. With that system, the infrastructure of the home inventory market has launched worldwide requirements, and never solely securities corporations, but in addition buyers, can take part in on-line buying and selling.
[ad_2]
Source link
