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FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT APRIL 2007 MONGOLIAN STOCK EXCHANGE The activities of the MSE are accelerating and some progress has notably been made. Rentson Sodkhuu Chairman and CEO The Mongolian Stock Exchange (MSE) continues operation while at the same time implementing our mission in order to contribute to the economic development of Mongolia in this historical period denoted by the transition from a securities trading institution based primarily on privatization to a classical securities market with a true investment nature. In 2006, the MSE focused on issues such as creating a favorable legal and economic framework to develop the securities market as a traditional model outside of the state privatization policy; to improving dissemination of information to the public; conducting activities in open and transparent ways; extending foreign relations; improving the administrative management and structure and capacity building of human recourses; In 2007, we will focus on to achieving the following goals: • developing the securities market legal environment; • creating economically suitable conditions for securities market development and promoting innovation to create new investment capital resources through the securities market trading; • improving dissemination of information on the securities market to public and activities for trainings and advertisements; • providing an environment for member organizations to operate in a fair and transparent way; • implementing projects to solve challenges, affecting on the development of the securities market; I wish you all the success and hope to continue our successful cooperation in the future. HISTORY AND DEVELOPMENT 18 January 1991 The MSE was established according to the Government decree No 22. 22 May 1991 Privatization law enacted. 07 February 1992 Primary market trading started. 26 September 1994 Securities law enacted. 14 November 1994 Mongolian Securities Commission established. 01 July 1995 Privatization of securities companies has started. 31 July 1995 Securities Dealers and Brokers Association founded. 12 August 1995 First General Assembly of Securities Dealers and Brokers Association was held. 28 August 1995 Secondary market trading started. 25 October 1996 The first trading day of government bonds. 11 February 1998 Off-exchange trading started. 01 October 1998 The MSE joined as a fullmember in <strong>FEAS</strong>. 02 July 1999 A new companies law was enacted. 25 August 1999 A software for trading was introduced. 10 September 1999 1000th trading day 01 November 1999 The MSE has started to calculate a composite price index. 21 January 2000 The first securities company with foreign investment registered as a member of the MSE. 26 September 2000 Structure of the MSE reorganized. 16 November 2000 Trading of the government bonds restarted. 08 January 2001 The monthly magazine of the MSE “Security and Trading” published. under the name of “Development + Investment”. PAGE 104 18 January 2001 10th anniversary of the MSE. 08 June 2001 Corporate bond trading started. 30 October 2001 Listing rules of the MSE updated. 05 July 2002 Top value of a stock trading on the MSE amounted to MNT 376.77 million. 03 December 2002 Memorandum of Understanding on Mutual Cooperation signed with the Taiwan Stock Exchange. 30 December 2002 Revision to the Securities Law adopted. 26 March 2003 The MSE was divided into two independent organizations: “Mongolian Stock Exchange” and, “Securities Clearing House and Central Depository” 26 March 2003 The MSE was reorganized as a profit making state owned Shareholding Company. 15 May 2003 The MSE charter passed by State Property Committee. 06 November 2003 Shares of the MSE listed on the Exchange. 29 October 2004 For the first time a special license has been issued to an underwriting company on the security market 30 March 2005 “Information Center” of the MSE established 17 June 2005 “Mongol Shiltgeen” JSC was listed on the MSE and issued shares in a classical way. 01 November 2005 Training center of the capital market established. 18 January 2006 Celebrated the 15th anniversary of the MSE 30 March 2006 Celebrated the “Annual Shareholders Day” 15 June 2006 Memorandum of Understanding with the Korean Stock Exchange signed. 19 July 2006 Memorandum of Understanding with the Istanbul Stock Exchange signed. MISSION STATEMENT Our mission is to contribute to the national economy by creating a classical securities market with the purpose of mediating the accumulation of assets in the financial market by providing the lowest possible cost in the long term. FUTURE OUTLOOK In 2007, we will focus on achieving the following goals: • developing the securities market legal environment, • creating economically suitable conditions for the securities market development and promoting innovations to create new investment capital resources through securities trading, • improving the dissemination of information on the securities market to the public and creating activities for trainings and advertisement, • providing an environment for member organizations to operate in a fair and transparent way and; • implementing works to solve challenges, effecting the development of the securities market.
FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT APRIL 2007 MONGOLIAN STOCK EXCHANGE OFFICIAL 6 MONTH STATISTICS US$ millions # Shares millions Total Volume Average Daily Volume Total Volume Average Daily Volume Stocks Jul-06 0.19 0.01 1.02 0.06 Aug-06 1.46 0.06 16.81 0.73 Sep-06 0.65 0.03 6.60 0.31 Oct-06 0.17 0.01 0.68 0.03 Nov-06 0.92 0.04 1.92 0.09 Dec-06 1.38 0.07 9.13 0.43 TOTAL 4.77 0.04 36.16 0.28 Bonds Jul-06 0.007 0.002 0.0008 0.0003 Aug-06 0.04 0.004 0.005 0.0005 Sep-06 0.22 0.04 0.025 0.005 Oct-06 0.0001 0.0001 0.00002 0.00001 Nov-06 0.01 0.002 0.003 0.0004 Dec-06 0.85 0.095 0.02 0.002 TOTAL 1.13 0.02 0.05 0.001 Other Jul-06 n/a n/a n/a n/a Aug-06 n/a n/a n/a n/a Sep-06 n/a n/a n/a n/a Oct-06 n/a n/a n/a n/a Nov-06 n/a n/a n/a n/a Dec-06 n/a n/a n/a n/a TOTAL n/a n/a n/a n/a Market Capitalization (US$ millions) Index MONTHLY STOCK VOLUME VS INDEX (US$ millions) Stocks Index MONTHLY MARKET CAPITALIZATION (US$ millions) Jul-06 73.70 1,169.23 Aug-06 75.09 1,178.06 Sep-06 84.22 1,351.02 Oct-06 90.94 1,351.02 Nov-06 97.41 1,772.37 Dec-06 112.60 1,876.99 CONTACT INFORMATION 1.6 1.4 1.2 1.0 0.8 0.6 0.4 0.2 0 2,000 120 1,800 1,600 100 1,400 80 1,200 1,000 60 800 600 40 400 20 200 0 0 July Aug Sept Oct Nov Dec July Aug Sept Oct Nov Dec Contact Name Ms. J. Erdenbileg E-mail erdenbileg@mse.mn Website www.mse.mn PAGE 105
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