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2011 MSE STATS: MARKET ROSE 47% BUT LIQUIDY IS STILL TINY, TOTAL TURNOVER FOR STOCKS WAS 109B MNT

  • In latest MSE stats, according to National Statistics Office of Mongolia, MSE TOP20 Index is up 3.81% mom in December 2011 to 21 687.6 after being down 1.68% in November after being up 4.52% mom in October 2011 and after being down 1.79% mom in September and down 5.18% mom in August 2011.
  • 52 week range of the Index was 14 686.6- 32 955.0
  • Average the index was in 2011 was 21 421.8
  • Market cap was 2.16 T MNT in December 2011 compared to 2.15 T MNT in November and compared to 2. 28T MNT in October and compared to 2T MNT in September and  compared to 2.05 T MNT(1.63B USD) in August and compared to 2.15T MNT(1.75B USD) in July
  • December total MSE turnover was 9 billion MNT compared to November turnover is 34B MNT compared to October turnover of 51B MNT and   compared to September turnover of 32B MNT(24 M USD) and compared to August turnover  116B MNT(93m USD) and compared to July’s 25B MNT(20M USD)
  • Total turnover of MSE in 2011 was 350 billion MNT
  • December turnover includes 8.9B MNT of stocks compared to October’s 29B MNT of stocks and compared to 2B MNT(1.5M USD)of stocks in September and compared to 6.4B MNT(5.1M USD) of stocks in August and compared 6.2B MNT(5.1M USD) in July
  • Total stocks turnover of MSE in 2011 was 109 billion MNT
  • There was no turnover from Government bonds in December, total government bonds turnover  on MSE in 2011 was 236 billion MNT
  • December turnover for corporate bonds in December was 38 million MNT, total corporate bonds turnover on MSE in 2011 was 4.3 billion MNT
  • December volume for stocks was 5.5M shares compared to  November volume for stocks of 9.8M and compared to October volume for stocks of 7.62M shares and compared to September volume for stocks of 4.7M shares and compared to August volume for stocks ‘s23.5M shares and compared to July volume 3.3M shares
  • Total volume on MSE in 2011 was 125.5 million securities including 122.7 million shares and 2.3 million issues of Government bonds and 439.5 thousand issues of corporate bonds
  • Average daily turnover in December was 429 million MNT compared to 1.54B MNT in November and  compared to October’s 2.4B MNT and compared to  1.5B MNT(1.1M USD) in September and compared to 5B MNT(4M USD)in August and compared 1.4B MNT(1.1M USD)in July
  • Average daily turnover on MSE in 2011 was 1.3 billion MNT
  • average daily volume in December 2011 was 264 thousand securities compared to 459 thousand securities in November and compared to 375 thousand securities in October and  compared to 247 thousand securities in September and  compared to 1.02M securities in August and compared to 184,000 securities in July
  • Average daily volume on MSE in 2011 was 498 thousand securities.
  • 5003 trades in December compared 4351 trades in November compared to 4085 trades in October and compared to 2875 trades in September and 3778 in August and compared to 2318 in July
  • There was total of 48206 trades on MSE in 2011
  • 16681 brokerage accounts opened in December 2011 compared to 14542 brokerage accounts opened in November compared to 10752 brokerage accounts opened in October and compared to 10491 brokerage accounts opened in September and compared to 12156 brokerage accounts opened in August and compared to 9827 brokerage accounts opened in July and compared to 9608 in June
  • There was total of 114 478 brokerage accounts opened in 2011 including 113754 accounts by citizens and 721 accounts by enterprises
  • most liquid stocks in December were concrete producer RMC with 1.96 million shares compared to 7.97 million shares in November and compared to  2.5M shares in October and compared to  1.1M shares in September and compared to 2.67M shares in August and compared with 0.749 M shares in July,  vodka beer soft drinks manufacturer APU with volume of 1.18 million shares and internet portal OLLOO with volume of 0.98M shares
  • top gainer stock with relatively large volume – internet portal OLLOO with volume of 0.98M shares and gain of 77%
  • top loser liquid stocks -  fuel processor NACO TULSH with volume of 340 thousand shares, construction market place HERMES CENTER(HRS) with volume of 190 thousand shares and decline of 3.44%,  coal miner Baganuur with volume of 120 thousand shares and decline of 9.2%
  • number of brokerage increased to 76 in December 2011 compared to 72 in November, compared to 63 brokerages in October and September and compared to 49 brokerages in July, top 9 brokers being  in December - BDsec, TDB Capital, Monsec, Capital Market Corporation, Ard Capital Group, Gendex, Eurasia Capital, Gauli and Frontier Securities

 

Dale Choi

CHIEF INVESTMENT STRATEGIST

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Frontier Securities
Ulaanbaatar, MONGOLIA