Last year, the world faced severe economic challenges due to the pandemic situation, but the main indicators of the Mongolian stock market reached historical highs. Along with these favorable conditions in the stock market, the financial and economic indicators of the Mongolian Stock Exchange have improved, earning MNT 5.5 billion in 2021 and paying off the accumulated debt of MNT 2.1 billion. In addition, taxes and fees of MNT 530.8 million to the State budget were fully paid within the legal period, and the net profit after tax reached MNT 3.2 billion, which is a remarkable indicator in the company's 30-year history.
In terms of securities trading, the average daily trading in 2021 increased 22 times from the previous year and reached 5.7 billion MNT, while the stock market value reached 5.9 trillion MNT in December of last year, an increase of 95.4 percent from 2020. Also, the TOP-20 index exceeded the level of 44,000 units and increased by 133 percent, which is an average of 5 times higher than the major world indices. Domestic investors became more active and people's investment attitude changed significantly, and the variety of stock exchange products and services increased, which gave a big impetus to the expansion of the market.
In addition, at the beginning of 2021, the banking law was newly approved, and the large-scale restructuring of systemically influential banks into the form of public joint-stock companies began, which further strengthened the foundation for the capital market to enter the next stage of development.
These favorable climates and outstanding growth in the Mongolian stock market were specially noticed by the British "FTSE Russell" group, and the Mongolian stock market was included in the "Watch List" of "Emerging Markets" in 2021, which drew the attention of foreign investors to Mongolia. It was an important event.
Please click here to view the 2021 activity report of the Mongolian Stock Exchange.
MONGOLIA STOCK EXCHANGE