Mongolian Market Updates | February 7, 2025

🌄 Good morning!

The Mongolian Stock Exchange (MSE) started the year with a significant downturn, following strong activity in December. Total trading volume in January amounted to MNT 55.6 billion, reflecting a slowdown in market momentum. Meanwhile, the Mongolian economy continues to face fiscal pressures, with the government projecting increased expenditures in 2025.

Key highlights from this month’s report include:

• Economic Indicators: Mongolia's budget revenue grew by 28.7% YoY, while total expenditure reached MNT 30.4 trillion, resulting in a fiscal deficit of MNT 776.2 billion.

• Currency & Banking Sector: The MNT remained stable, with a slight depreciation against the USD. Banks remain active in international debt markets, with Golomt Bank securing $50 million in green and social bond issuance.

• Investment Spotlight: Mongolia signed a landmark investment agreement with French energy firm Orano for the development of a world-class uranium deposit, with an expected investment of $1.6 billion over the project's lifespan.

• Coal Market Outlook: Coal exports reached a record-breaking 83.7 million tons in 2024, generating $8.6 billion in revenue. However, China's coal demand is expected to stabilize in 2025.

• Bond Market Developments: The total value of outstanding bonds reached MNT 2.417 trillion, with three new issuances in January.

  Enjoy!

🟣CMM Services

Capital Markets Mongolia (CMM) specializes in providing strategic advisory to public companies on optimizing investor relations (IR) and advising on upcoming IPOs, bond issuances, and effective participation in the capital markets with a focus on efficiency and reputation. Additionally, we undertake market research and provide financial PR services.