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FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2008MONGOLIAN STOCK EXCHANGEIn 2007 the Mongolian Stock Exchange hasaccomplished far successful results than ithas ever before.Rentson SodkhuuChairman and CEOOn behalf of the Mongolian Stock Exchange(MSE), I greet the honorable reader andcolleagues, professionals and with allparticipants of securities market all over theworld.I am delighted to inform you that in 2007 theMSE has accomplished more successful resultsthan it has ever before. The trading volume forstocks increased by 4.9% and the total value ofbond trading was increased by 7.5 times overthe previous year, during the same period.Market capitalization of the listed companiesreached US$ 612.214 million which represent a5.5 times increase. By the end of 2007, theMSE’s top-20 index reached to 10,256.13,which is higher by 5.1 times from the sameperiod of the previous year.Highlights of our accomplishments of the yearcan be noted as follows:• Renewed Trade Regulation and MSE ListingRule• “Dornod Autozam”, “Hai Bi Oil”, “Olloo” and“Tuul-Songino usni Noots” joint stockcompanies were listed on the MSE and issuedsecurities• “Bats”, “Ci Ci Pi”, “Global Asset”, “Frontier”,“Bloomsbury Securities” broker dealercompanies were listed on MSE• A Memorandum of Understanding agreementwith Hong Kong Exchange was signed. We alsoshared opinions and agreed to cooperate interms of “Mongol Bond” project with the TaiwanGreTai Stock Exchange and signed letter ofIntent on implementing the MSE technology,software reform and human resource capacitybuilding” project with the Korea StockExchange• Negotiating on Information Distributionagreement with Bloomberg and Reutersagencies in order to disseminate the MSE’sinformation to the rest of the world• Participated at both international anddomestic seminars, trainings and organizedseminars and trainings with foreign specialists.Today the MSE is putting increased emphasison its operations, by improving its securitiestrading system, technology to providebeneficial, transparent, confident tradingenvironment also in educating investors, issuersand participants of the securities market,moreover to establish and co-operate with otherforeign exchanges and other professionalorganizations in order to improve our operationsand strategies into the international standard.FUTURE OUTLOOKIn 2008, the MSE will focus on achieving thefollowing goals:• influence and assist in developing thesecurities market legal environment• create new products• strain the listed companies by monitoringinspecting implementation of the rules andregulations• reform IT systems and operating technologiesof the stock exchange• change proprietary/ownership form of thestock exchange• strengthen the human resource capacity• increase information coverage anddistributionCONTACT INFORMATIONContact Name Ms. J. ErdenbilegE-mail erdenbileg@mse.mnWebsite www.mse.mnPAGE 68
FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2008MONGOLIAN STOCK EXCHANGEOFFICIAL 6 MONTH STATISTICSUS$ millions# Shares millionsTotal Volume Average Daily Volume Total Volume Average Daily VolumeStocksJan-08 3.03 0.14 11.37 0.52Feb-08 1.65 0.08 3.58 0.18Mar-08 3.20 0.15 5.98 0.28Apr-08 2.71 0.12 3.39 0.15May-08 22.18 1.01 55.62 2.53Jun-08 4.28 0.20 17.11 0.81TOTAL 37.06 0.28 97.05 0.75BondsJan-08 0.00 0.00 0.00 0.00Feb-08 0.00 0.00 0.00 0.00Mar-08 0.00 0.00 0.00 0.00Apr-08 0.43 0.43 0.05 0.05May-08 0.00 0.00 0.00 0.00Jun-08 1.27 0.42 0.02 0.01TOTAL 1.70 0.14 0.07 0.01OtherJan-08 0.00 0.00 0.00 0.00Feb-08 0.00 0.00 0.00 0.00Mar-08 0.00 0.00 0.00 0.00Apr-08 0.00 0.00 0.00 0.00May-08 0.00 0.00 0.00 0.00Jun-08 0.00 0.00 0.00 0.00TOTAL 0.00 0.00 0.00 0.00Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08Market Capitalization (US$ millions) 672.71 723.25 761.80 723.01 714.75 702.76Index 10,773.89 12,085.41 12,668.94 12,445.78 11,366.43 10,318.79PRACTICES & PROCEDURESTradingDaysMonday-FridayHours Equity Market: 11:00 - 12:00Bond Market: 11:00 - 12:00Market segmentation N/ASystemAutomated, depository link, data dissemination,reporting facilities, WANMechanismsCall auction, continuous auctionMarket-maker/Specialists NoInstrumentsStocks, government and company bondsCurrencyLocalReal time information Best bid/ask, last price, last volume, total volume,order bookClearing & SettlementCentral Depository YesPeriod T+1RegisteredYesSettlementBook entryClearingTransaction by transactionDVPYes, full DVPClearing Institution YesRisk SharingNoMargin/LendingNoCustodiansIndividuals, institutional investors, brokerage houses,banks, exchange membersTaxesCash DividendsInterest IncomeCapital GainsStructure & RegulationsLegalRegulationSecurities marketregulationsTrading rulesSurveillanceCorporate actionsTrading halts regulationsInvestor protectionForeign ParticipationForeign investorsInvestment limitationsRepatriationN/AN/AN/AProfit CompanySelfExchange with the regulatoryinstitutionExchangeYesCentralizedYesNoAllowed, No restrictionsNo limitationsNo restrictionsPAGE 69
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