The Mongolian Stock Exchange is small but was one of the top two performers in the world in 2010. Altogether 336 companies are registered at MSE, of which 80, including Jenko Tour Bureau, Khuh Gan and Germes Center, regularly trade in shares. Share prices have been on the rise since the decision was taken to exploit large deposits, benefiting old companies such as Shariin Gol, Shivee-Ovoo, Baganuur, Mogoin Gol and Bayanteeg.
For example, Aduunchuluun shares opened at MNT450 in January, 2010, gradually rising to MNT1,010 on April 27, MNT4,000 on September 18, MNT8,000 on December 1 and to MNT20,490 at present.
MSE regularly issues its TOP-20 index. The January, 2011 list shows Baganuur heading it, closely followed by Shariin gol and Tavan Tolgoi.
Market capitalization of the TOP-20 companies broke all previous records on January 21 as 17.431.5 units, but in less than three weeks, yesterday it reached 25509.44 units or MNT2.4 trillion.
MSE has recently appointed Kh. Altai Acting Executive Director, and B.Bold, General Director of Newcom LLC, will head the Representatives Managing Council of MSE. Things can only get better as the London Stock Exchange begins its job of restructuring.