The Mongolian Stock Exchange (MSE) reported a dynamic trading session on June 3, with over 839,000 shares of 44 joint stock companies traded, totaling more than 655.7 million MNT. This trading day highlighted the varied performances of listed companies, showcasing both significant gains and declines.
Among the standout performers, Remicon JSC saw a remarkable increase in its share price by 13.58%, followed by Sharyn Gol JSC with a 9.82% rise, and Bodi Insurance JSC, which climbed by 6.23%. Conversely, Innovation Investment JSC experienced the largest drop, falling by 4.54%, trailed by Crypto Nation JSC and Suu JSC, which decreased by 3.41% and 2.21%, respectively.
In addition to share trading, the secondary market of company bonds also saw substantial activity. Over 22,000 unit rights of two investment funds were sold for 2.2 million MNT, and 1,510 bonds were traded for 150 million MNT. Reflecting the overall market sentiment, the TOP-20 Index of the MSE rose by 0.15%, pushing the market value to 11.02 trillion MNT.
Parallel to the stock market activities, the mining exchange reported significant transactions. Energy Resources LLC traded three batches of 19,200 tons of coking coal for 10.8 billion MNT. Mongolrostsvetmet SOE sold one batch of 3,300 tons of iron ore with 52% content for 870 million MNT, and Darkhan Metallurgy Industry moved three batches of 9,450 tons of iron concentrate with 58% content for 2 billion MNT. Additional sales included 19,800 tons of iron concentrate from Mongolrostsvetmet SOE for 6 billion MNT, 25,600 tons of medium-ash semihard coking coal from Energy Resources for 5.9 billion MNT, and two batches of 6,300 tons of 58% iron concentrate from Darkhan Metallurgy Industry for 1.3 billion MNT. Notably, Tavan Tolgoi JSC sold 17 batches totaling 108,800 tons of one-third coking coal for 38.6 billion MNT.
The Ministry of Economy and Development has highlighted Mongolia’s ongoing economic transformation, driven by strategic initiatives to exploit its rich mineral resources. Since the inception of coal trading on February 9, 2023, the country has seen a dramatic increase in exports, achieving a record-breaking 79 million tons of coal in 2023. Projections for 2024 and 2025 anticipate further increases to 80 million tons and 90 million tons, respectively.
By the end of May 2024, the mining product exchange had facilitated transactions worth 3.9 billion USD across 577 trades. These included the sale of 28.3 million tons of coal across nine types in 361 trades, 1.5 million tons of iron ore and concentrate in 214 trades, and 5,400 tons of copper concentrate in two trades. These figures underscore the exchange’s pivotal role in Mongolia’s economic landscape, cementing its position as a critical engine of growth and development.
As Mongolia continues to leverage its abundant mineral wealth through enhanced trading mechanisms, the country’s economic outlook remains optimistic, with the stock and mining exchanges playing a central role in driving sustainable growth.