The number of individuals and enterprises that opened new brokerage accounts has increased by 2.5 times and has exceeded 10 thousand in February comparing to the previous month. It is the highest number since June 2016, according to the Central Securities Depository. According to the account structure, 99.8 percent of total account holders are Mongolians, while 0.1 percent are foreigners. The rest was domestic and foreign enterprises. 

Over the same period, the GoodSec company has opened the highest number of account of more than 7,000. In addition, Mirae Asset Securities Mongolia, the LendMN JSC’s underwriter, has opened 1240 accounts, which is 27 times more than in the previous month. The Mongolian Stock Exchange emphasized that participation of citizen in the market grows, when new products come to the capital market. The Mongolian Stock Exchange reported that a total of MNT 859 million was traded in 2017, which is the highest number in last 26 years. Since 2018, APU, TavanTolgoi and iTools companies’ shares have been the most actively trading securities.

Source: BloombergTv.mn