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The Stealth Bull Market In Mongolia Continues

|Includes:Mongolia Growth Group Ltd. (MNGGF)

The MSE Top 20 was up 2.26% yesterday to close at 17153. This is the first time over seventeen thousand since March of last year when the market was in a big downtrend. That appears to have reversed and the market continues higher. The market is very illiquid so it does not take much to push up shares. Nevertheless there appears to be more buyers than sellers and I expect the market to continue to move higher.

Disclosure: I am long MNGGF.

Stocks: MNGGF