Lao Securities Exchange
 | |
| Type | Stock exchange |
|---|---|
| Location | Vientiane, Laos |
| Founded | 11 January 2011 |
| Key people | Dethphouvang Moularat Chairman |
| Currency | Lao Kip |
| No. of listings | 11 |
| Volume | 1.11 trillion kip 12/04/2018[1] $128.62 Million |
| Website | www |
The Lao Securities Exchange (LSX) is the primary stock exchange in Laos, located in the capital Vientiane. Companies on the LSX have raised more than LAK 6.7 trillion (approximately US$750 million)[2]
History
[edit]In 2010, the Lao government sought technical and financial support from South Korea (Korea Exchange has a 49-percent stake in the LSX), as well as advice from neighbouring Thailand, to help build the exchange.[3]
The glass-building cost $10 million to build.[4] It began operations on 11 January 2011.[5]
Companies
[edit]There are currently 11 listed companies on the stock exchange:[6]
| No. | Issue name | Companies | Number of listed stock |
|---|---|---|---|
| 1 | BCEL | BANQUE POUR LE COMMERCE EXTERIEUR LAO PUBLIC | 207,723,300 |
| 2 | EDL-Gen | EDL Generation Public Company | 1,679,303,697 |
| 3 | LWPC | LAO WORLD PUBLIC COMPANY | 39,560,909 |
| 4 | PTL | Petroleum Trading Lao Public Company | 235,000,000 |
| 5 | SVN | Souvanny Home Center Public Company | 165,000,000 |
| 6 | PCD | Phousy Construction and Development Public Company | 582,000,000 |
| 7 | LCC | Lao Cement Public Company | 40,004,000 |
| 8 | MHTL | Mahathuen Leasing Public Company | 40,000,000 |
| 9 | LAT | Lao Agrotech Public Company | 100,000,000 |
| 10 | VCL | Vientiane Center Lao Public Company | 147,199,900 |
| 11 | LALCO | Lao ASEAN Leasing Public Company | 301,500,000 |
Trading times
[edit]Trading takes place from Monday t Friday with the following trading times:
- Pre-open: 08:30 to 09:00
- Open: 09:00 to 14:50
- Closing auction: 14:50 to 15:00
- Close: 15:00
These times exclude public holidays.
See also
[edit]References
[edit]- ^ "LSX - Lao Securities eXchange". www.lsx.com.la.
- ^ Kang, Taejun (2019-11-28). "Lao Stock Exchange Sees Steady Growth". Laotian Times. Retrieved 2020-05-19.
- ^ "AFP: Communist Laos opens new stock exchange". archive.ph. June 30, 2012.
- ^ Hookway, James (11 January 2011). "Laos Launches Stock Exchange - WSJ". Wall Street Journal.
- ^ "FT.com / FT Trading Room / Developing Markets & Asia - Laos Securities Exchange to start trading". Archived from the original on 2011-01-14. Retrieved 2011-01-11.
- ^ "LSX - Lao Securities eXchange". www.lsx.com.la.
