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- Mongolian Market Updates | July 7th
Mongolian Market Updates | July 7th
CMM Market Update | Market News
Namkhaidorj Bat-Ulzii
July 08, 2025
🌄 Good morning!
📬 From diplomacy to the trading floor, this week’s CMM newsletter brings you the most impactful developments shaping Mongolia. We cover the historic arrival of Japan’s Emperor Naruhito and Empress Masako, a rare royal visit deepening strategic ties. We also look ahead to the closure of Parliament’s Spring Session after a season of bold political shifts, and preview the Mongolia Economic Forum 2025, where policy meets innovation and global capital.
🗞️ In this week’s issue:
🟣 Japan’s Emperor Naruhito and Empress Masako Begin Historic State Visit to Mongolia
Photo from: president.mn
Ulaanbaatar, July 6, 2025 — In a moment of deep diplomatic and historical significance, His Majesty Emperor Naruhito of Japan and Her Majesty Empress Masako have arrived in Mongolia for a weeklong state visit, at the official invitation of President Khurelsukh U.
This marks the first-ever visit by a reigning Japanese Emperor to Mongolia, underscoring the strengthening of the “Special Strategic Partnership for Peace and Prosperity” between the two democratic nations. The royal couple was warmly received at Chinggis Khaan International Airport by high-level Mongolian officials, including Foreign Minister Battsetseg B., and greeted with traditional hospitality, including symbolic gifts.
🏛️ Diplomatic Engagement and Cultural Exchange
The itinerary includes:
A state meeting and banquet with President Khurelsukh and First Lady Bolortsetseg,
A special appearance at the opening ceremony of Naadam Festival on July 11 as Guests of Honor,
Visits to Japanese-supported development projects, including the Mongolia–Japan Hospital and the Mongol Kosen College of Technology, reflecting growing bilateral cooperation in health, education, and innovation.
The Emperor’s presence at Naadam—the country’s most cherished national celebration—symbolizes a powerful moment of cultural diplomacy.
🌏 Significance for Regional Peace and Mongolia–Japan Relations
This state visit comes at a time when both nations are seeking to expand cooperation in areas such as infrastructure, climate change, clean energy, and youth development. Japan is Mongolia’s third-largest trade partner and a key development partner through the Japan International Cooperation Agency (JICA). The visit also resonates with broader goals of fostering peace, democratic resilience, and people-to-people ties in Northeast Asia.
President Khurelsukh previously described the royal visit as a “historic milestone that will elevate the Mongolia–Japan partnership to new heights.”
🟣Spring Parliamentary Session to Conclude This Thursday
The Spring Session of the Mongolian Parliament, which began on March 17, is scheduled to conclude this Thursday after more than three months of deliberations.
Key developments during the session included:
Approval of several important laws and resolutions,
Ratification of a cross-border railway agreement at the Gashuunsukhait–Gantsmod port,
A vote of no confidence in former Prime Minister Oyun-Erdene L., which led to the resignation of the entire Cabinet.
Following the resignation, newly appointed Prime Minister Zandanshatar G. has assembled his Cabinet, and the revised 2025 state budget is currently under review.
🟣 CMM Market Update
🔹 Mongolia Economic Forum 2025
The 16th annual Mongolia Economic Forum (MEF)—Mongolia’s largest platform for policymakers, business, civil society, and international investors—will be held on July 8–9 at the Government Palace. The press event featured Chairman Ganhuyag Ch. and Minister Uchral N., outlining:
Over 4,500 participants, including 500 government officials, 900 private sector and academic delegates, 700 global guests, and 2,000 youth representatives,
Plenary sessions on Governance & Business, Infrastructure, New Economy & Mining, and Strategic Resources, supported by 12 thematic roundtables and 100+ panelists.
🎯 Themes & Agenda
The forum’s theme is “Together for Tomorrow”, focusing on:
Governance & business environment
Infrastructure & capital investment
New Economy & mining
Strategic resources
It features 12 sessions, roundtables, and dozens of expert speakers covering global and local economic challenges
🤝 Sponsors & Global Partners
Key participants include high-profile international entities such as:
J.P. Morgan, Meta, TikTok, CNN, Swiss watchmaker Breitling, World Bank, EBRD, ADB, UNCCD, and multiple private equity and tech firms
The event’s global backing highlights Mongolia's integration into broader economic and sustainability networks.
📌 Why It Matters
MEF continues to evolve as a strategic intersection of public policy, private enterprise, and global finance.
With strong youth and international engagement, the forum underscores Mongolia's ambition to advance in areas like digital transformation, climate-resilient infrastructure, and sustainable development.
🔹 Mongolian Stock Exchange Closes Strong First Half with Record June Performance
The Mongolian Stock Exchange (MSE) recorded ₮65 billion in securities trading, marking the second-highest monthly total this year. The average daily trading volume in the equity market reached nearly ₮1.07 billion, making June the most active month of 2025 to date. This surge was largely driven by Mandal Insurance JSC, which resumed trading in the second half of the month after a temporary halt.
The TOP-20 Index, which had been on a downward trend, rebounded in the final days of the month, closing up 0.3%.
On the bond side, the secondary bond market recorded ₮11.4 billion in trades. This strong performance suggests investors are positioning themselves ahead of summer breaks and signals continued trust in fixed-income instruments.
🏛️ Market News
📈 [MSE:TTL] Tavantolgoi JSC announced a leadership change
Former CEO Gunjidmaa Ch. resigned in mid-June for health reasons. The company’s board appointed Tuvshin B., the previous Deputy CEO, as the new CEO effective June 26, 2025, in accordance with the Board of Directors’ resolution and MSE regulations.
📈[MSE:MNDL] Mandal Insurance JSC Repurchases 5% of Its Total Shares — 31,215,080 Shares Bought Back
The company repurchased 31,215,080 shares, representing 5% of its total outstanding shares, at prices ranging from ₮71.00 to ₮84.52 per share. By targeting buybacks near the past year's average trading price, the company aimed to support share price stability and enhance shareholder value. This reduction in circulating shares is expected to improve earnings per share (EPS) and create more favorable market conditions.
📈 [MSE:GLMT] The stock price of Golomt Bank JSC rose by +3.65%, reaching its highest level in the past 3 months.
Overall, the market was dominated by upward movement, with Golomt Bank leading the gains.
🟣Mark Your Calendars: CMM’s 2025 Signature Events!
We are excited to announce the dates for our flagship gatherings this year! Join us for the “Mining Week & MinePro 2025” in Ulaanbaatar (September 11–13), the “Mongolia Investment Forum: London” (October 14), and the “Mongolia Investment Forum: Singapore” (November 20). Each event brings together top industry leaders, investors, and innovators to explore new opportunities and drive growth in Mongolia’s capital markets. Stay tuned for more details — these are events you won’t want to miss!
🟣CMM Services
Capital Markets Mongolia (CMM) advises publicly listed companies on effectively engaging with investors, defining optimal strategies for IPOs and bond issuances, and participating in the capital market in a reputable and efficient manner.
