Download - FEAS

More documents

Recommendations

Info

FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2006 MONGOLIAN STOCK EXCHANGE The activities of the MSE are accelerating and some progress has been made, notably. Rentson Sodkhuu Chairman and CEO The Mongolian Stock Exchange continues operation while at the same time implementing our missions and purposes in order to contribute to the economic development of Mongolia in this historical period denoted with the transition from securities trading with the privatization nature to a classical securities market with the important investment nature. In 2005, the MSE focused on issues such as to creating a favorable legal and economic framework to develop the securities market as a traditional model outside of the state privatization policy; to improve dissemination of information to public; conduct activities in open and transparent ways; extend foreign relations; improve the administrative management and structure and capacity building of human recourses; As a result, the activities of the MSE are accelerating and some progress has been made, notably: • Listing of the first company on the MSE and issuing of shares in the traditional manner; • Establishing the “Information center” with the purpose of disseminating information to listed companies, member brokers and dealer companies and all participating professional organizations; • Publishing the “Capital market” monthly magazine; • Establishing the “Training Center” to prepare skilled specialists and provide citizens and participants in the capital market with the market knowledge. • Completing preparation works for the 15th anniversary of the MSE. Organized three academic conferences namely “Improvements of Legal Environments”, “Creating the Economic Suitable Condition for Securities Market Development” and “Importance of Media & Journalism in Securities Market Development”. The conferences produced recommendations to public; and • Organizing a 4 month monitoring event named the “Shareholder” to protect the rights of the shareholder. HISTORY AND DEVELOPMENT During the transitional period from a central planned economy to a market economy in Mongolia, many social and economic changes were made, such as the establishment of new relations, new entities, new productions and services. Two of those changes were the founding of the MSE on 18 January 1991 by government resolution and the initiation of the privatization process. According to the privatization policy adopted by the government in 1992-1995, 96.1 million shares valued at tugrugs 8.2 billion (US$ 7.0 million) of 475 state-owned entities were traded by the MSE. The Securities and Exchange Law was passed in 1994 and the Corporate Law in 1995 resulting in the establishment of the secondary market. 29 broker firms, operated and financed by the MSE, were privatized. New statutes of the MSE were adopted by the government resolution of 1995. With the start of secondary market activity, shares of more than tugrugs 38 billion (US$ 32.5 million) were traded during 1996-2003. Since the inception of government bond trading in 2000, and corporate bond trading in 2001, to date government bonds valued at tugrugs 105.4 billion (US$ 90.2 million), and corporate bonds valued at tugrugs 6.9 billion (US$ 6.0 million) have been traded. The new Securities and Exchange Law, adopted by Parliament in December 2002, declared the MSE to be a business entity, allowing it to carry out legal business services. According to the government resolution, the MSE was reorganized as a profit-making, state-owned shareholding company. MISSION STATEMENT Our mission is to contribute to the national economy by creating the classical securities market with the purpose of mediating the accumulation of assets in the financial market by providing lowest possible cost with the long term. FUTURE OUTLOOK In 2006, the MSE will focus to achieve following goals: • developing the securities market legal environment, • creating an economic suitable condition for securities market development and promoting innovations to create new investment capital resources through the securities market trading, • improving dissemination of information on securities market to public and activities for trainings and advertisements, • providing an environment for member organizations to operate fair and transparent way; and • implementing works to solve challenges, affecting on the development of securities market. PAGE 106
FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2006 MONGOLIAN STOCK EXCHANGE OFFICIAL 6 MONTH STATISTICS US$ millions # Shares millions Total Volume Average Daily Volume Total Volume Average Daily Volume Stocks Jan-06 0.24 0.01 2.6 0.13 Feb-06 2.4 0.12 6.4 0.32 Mar-06 0.22 0.01 2.3 0.11 Apr-06 1.0 0.05 10.2 0.51 May-06 1.7 0.08 13.4 0.58 Jun-06 0.30 0.02 3.4 0.17 TOTAL 5.9 0.05 38.4 0.30 Bonds Jan-06 0.09 0.006 0.01 0.0007 Feb-06 0.03 0.006 0.00 0.0007 Mar-06 0.09 0.01 0.01 0.002 Apr-06 0.01 0.001 0.00 0.0001 May-06 0.06 0.009 0.01 0.001 Jun-06 0.22 0.06 0.03 0.007 TOTAL 0.50 0.02 0.06 0.002 Other Jan-06 n/a n/a n/a n/a Feb-06 n/a n/a n/a n/a Mar-06 n/a n/a n/a n/a Apr-06 n/a n/a n/a n/a May-06 n/a n/a n/a n/a Jun-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) Jan-06 53.4 1,020.1 Feb-06 67.2 1,077.0 Mar-06 68.0 1,085.9 Apr-06 68.1 1,093.3 May-06 72.6 1,147.9 Jun-06 73.0 1,176.6 CONTACT INFORMATION 2.5 2.0 1.5 1.0 0.5 0.0 1,200 80 1,000 70 60 800 50 600 40 400 30 20 200 10 0 0 Jan Feb Mar Apr May Jun Jan Feb Mar Apr May Jun Contact Name Ms. J. Erdenbileg E-mail erdenbileg@mse.mn Website www.mse.mn PAGE 107
Page 1 and 2:
FEDERATION OF EURO-ASIAN STOCK EXCH
Page 3:
Page 6 and 7:
Page 8 and 9:
Page 10:
Page 14 and 15:
Page 18 and 19:
Page 20:
Page 23:
SEMI ANNUAL REPORT OCTOBER 2006 app
Page 27:
Page 30 and 31:
Page 32 and 33:
Page 34 and 35:
Page 36 and 37:
Page 38 and 39:
Page 40 and 41:
Page 42 and 43:
Page 44 and 45:
Page 46 and 47:
Page 48 and 49:
Page 50 and 51:
Page 52 and 53:
Page 54 and 55:
Page 56 and 57:
Page 58 and 59: FEDERATION OF EURO-ASIAN STOCK EXCH
Page 128: FEDERATION OF EURO-ASIAN STOCK EXCH
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
show all

Download - FEAS

Create successful ePaper yourself

Delete template?

Save as template?