Oyu Tolgoi shares rise after 2016 elections

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Bloomberg reported that following the result of the 2016 elections of parliament, share prices of companies operating in Mongolia started fluctuating.

Particularly, share prices of Oyu Tolgoi’s investor Rio Tinto rose by 3.42 percent, reaching 29.95 USD per share at the New York Stock Exchange. Share prices of Turquoise Hill Resource LLC, a unit of Rio Tinto, went up by 2.39 percent and reached 4.28 CAD at the Toronto Stock Exchange.

The report also says that share prices of Gatsuurt’s investor, Centerra Gold increased by 0.93 percent to 7.63 CAD at the Toronto Stock Exchange.

However, share prices of Mongolian Mining Corporation decreased by 1.28 percent to 0.077 HKD per share at the Wednesday’s closing rate.

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