According to Bloomberg, in dollar terms, the Mongolian Stock Exchange 20 index has risen 262% since January 1, 2010, ranking first in the world. Among them, the index has risen 28.5% this year, or second in the world, after Venezuela.
At present, Mongolian capital market is still very small. Most of the listed companies are small local mining stocks, which are traded in Mongolian currency Tugrik. The market has a total market value of about US $10 billion, with a turnover of only a few hundred thousand dollars per day. At present, there are more than 300 listed companies, and only more than 50 stocks are active.
Foreign investors and multinational companies pour into the Mongolia stock market, which is optimistic about the future economic prospects of the country. A Western economist working in Mongolia recently interviewed by CNN said that under any circumstances, Mongolia's per capita gross domestic product (GDP) will move towards the level of developed countries'economy in the next 20 years, even if commodity prices fall sharply.
