MonBiz Mongolia Index updated to include more names
Eurasia Capital, a Hong Kong-based investment bank, and MonBiz Media Ltd. updated the MonBiz Mongolia Index on October 1 and increased the number of benchmark members to 24 from 20. Actually five companies were added -- Mongolia Investment Group, Central Asia Metals Plc, Shariin Gol, Aspire Mining Ltd, and Asia Gold Ltd -- but Kiu Hung Energy Holdings was excluded from the Index because company"s acquisitions of coal assets in Mongolia had been canceled.
The MonBiz Mongolia Index covers publicly listed companies with the total market capitalization of US$21 billion (as of October 1), including seven companies from the Mongolia Stock Exchange, seven from the Hong Kong Stock Exchange and ten companies listed on the New York, Toronto, London and Australia Stock Exchanges.
The New York Stock Exchange (NYSE) leads in terms of its share in the index"s total market capitalization. Ivanhoe Mines, the NYSE-listed bellwether member of the index, contributes 47.4% of the Index"s total market capitalization. The Hong Kong and Toronto-listed companies are the 2nd and 3rd largest members with 23% and 21.8%, respectively. In terms of industry breakdown of the Index, the metals & mining companies dominate with 96.1% of the benchmark"s total market capitalization.
The MonBiz Mongolia Index covers publicly listed companies with the total market capitalization of US$21 billion (as of October 1), including seven companies from the Mongolia Stock Exchange, seven from the Hong Kong Stock Exchange and ten companies listed on the New York, Toronto, London and Australia Stock Exchanges.
The New York Stock Exchange (NYSE) leads in terms of its share in the index"s total market capitalization. Ivanhoe Mines, the NYSE-listed bellwether member of the index, contributes 47.4% of the Index"s total market capitalization. The Hong Kong and Toronto-listed companies are the 2nd and 3rd largest members with 23% and 21.8%, respectively. In terms of industry breakdown of the Index, the metals & mining companies dominate with 96.1% of the benchmark"s total market capitalization.
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