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Today’s highlights in 3 sentences:

• 👏🏻 Uranium Deal Sealed

• 📰 New TOP-20 Index Update

• 🤝 Mongolia’s New Strategic Partner  

Buckle Up!

MARKET

• MNG: Mongolia seals a historic $1.6 billion uranium deal with Orano Mining. 

• GOV: Parliament debates an additional $700 million loan agreement for the oil refinery.

• MSE: B. Dulguun is appointed as the Acting CEO of the Mongolian Stock Exchange.

 🇲🇳🇹🇷: From Bilateral Ties to Strategic Partnership

Mongolia and Turkey's upgraded relationship to a Strategic Partnership marks a significant shift, signaling enhanced diplomatic ties and deeper trade and investment commitments.

💸 Deepening Economic Bonds

Over 56 years of diplomatic ties, Mongolia and Turkey have established a strong relationship, primarily in trade, healthcare, and education. In 2013, they set a $100 million trade goal, surpassed in 2022 with $110 million, reflecting their growing economic partnership.

This elevation in cooperation highlights key areas such as defense, infrastructure, and mining, opening up new avenues for collaboration. In detail...

• 🇹🇷 Infrastructure Advancements: Turkey’s construction expertise aligns with Mongolia’s modernization efforts, including a new railway corridor connecting Europe, Turkey, and Mongolia, enhancing regional connectivity.

• 🇲🇳 Mining and Clean Energy Initiatives: With Mongolia’s abundant natural resources, the partnership opens doors for Turkey’s investments in mining, particularly in adopting clean coal technologies to ensure sustainable practices, addressing both nations' energy and environmental goals.

• 💼 Defense Collaboration: Highlighting the defense aspect of their strategic partnership, plans are underway for a Bayraktar drone production facility near Ulaanbaatar. This initiative symbolizes a strengthened defense relationship, emphasizing mutual security interests.

• 🎓 Cultural and Educational Exchanges: Complementing these strategic sectors, ongoing student exchanges, healthcare collaborations, and tourism initiatives continue to foster cultural and educational links, further solidifying the partnership’s comprehensive scope.

As Mongolia and Turkey advance their Strategic Partnership, they aim to broaden collaboration, enhance trade, and undertake joint projects in key sectors, ushering in a new chapter of growth and integration on the global stage.

🤙🏻 MSE TOP-20 Index Update: Bye 3, Hi 3!

In the latest review, 17 companies retain their positions in the MSE TOP-20 index, while 3 companies exit, making way for 3 new entrants.

🤨 Who's In, Who's Out?

For a closer look, Sendly (SEND), Monos Food (MFC), and Gazarshim (GAZR) are out, replaced by XacBank (XAC), Ard Financial Group (AARD), and LendMN (LEND).

• 🔎 Selection Criteria: The TOP-20 index, similar to the S&P 500, is based on market capitalization and average daily turnover. Companies with the strongest performance secure their spots in the index.

• ✅ Market Movers: The changes reflect shifting market dynamics, with the new entrants demonstrating robust growth in market value and trading activity.

🍰 Sector Breakdown

The updated index includes 6 banks, 3 NBFIs, 4 manufacturers, 1 insurance, 1 mining, 2 transport, 1 retail, 1 exchange, and 1 financial conglomerate. Looking ahead, 4 of these have market values exceeding ₮1 trillion, with 1 surpassing ₮2 trillion, contributing to a total market value of ₮10.6 trillion.

• 🚀 Banking Sector Dominance: XacBank's inclusion now means the banking sector represents 55.5% of the index's total market value, highlighting the bank's dominance in the Mongolian market.

• 🤚🏻 $AARD is Back: Once upon a time, to be specific in 2023, the TOP-20 basket includes 4 companies affiliated with Ard Financial Group. However, 2 of them get swept out in that year’s update. But guess who’s back now? None other than Ard Financial Group itself.

Mining Sector's Sole Representative: Despite Mongolia’s rich mining heritage, Tavantolgoi (TTL) remains the only mining company in the TOP-20 index. This lack of sector representation raises concerns, prompting many to wonder when Erdenes Tavan Tolgoi to list its shares on the secondary market and why the mining industry is still out of reach for broader market participation.

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⭐ Selected for you

ECONOMY & BUSINESS

• United Airlines’ Mongolia Flight (Tokyo To Ulaanbaatar) Now On Sale. (OneMileAtaTime)

• Mongolian Mining Corporation Announces Board and Committee Changes. (MarketScreener)

• E-Mongolia System Accessed Seven Million Times by Users Outside the Country. (Montsame)

• Rio Tinto's copper production increased due to the ramp-up of Oyu Tolgoi's underground mine. (RioTinto)

POLITICS

• Introducing the Financial Regulation Commission's new Chairman, T. Jambaajamts. (LemonPress)

• Mongolian First President Passes Away. (XinhuaNews)

• Guard, Mongolia Conduct Cybersecurity Exchange. (MilitarySpot)

• Bridging the Digital Divide in Mongolia. (USDG) 

 CULTURE & LIFESTYLE

• From Mexico to Mongolia: The Up-and-Coming Wine Regions of 2025. (FInancialTimes)

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Publisher: Ts.Ankhbayar
Writer: M.Khulan
Graphics by: Ts.Tselmeg

Disclaimer: The information Inside Mongolia provides is for educational and informational purposes only. It is not intended to be or constitute financial advice, trading advice, or any other advice. The decision whether to consider the information we provide is solely our readers' independent decision.