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Lao Securities Exchange

From Wikipedia, the free encyclopedia
Lao Securities Exchange
TypeStock exchange
LocationVientiane, Laos
Founded11 January 2011
Key peopleDethphouvang Moularat Chairman
CurrencyLao Kip
No. of listings11
Volume1.11 trillion kip 12/04/2018[1] $128.62 Million
Websitewww.lsx.com.la

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

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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

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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

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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

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References

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  1. ^ "LSX - Lao Securities eXchange". www.lsx.com.la.
  2. ^ Kang, Taejun (2019-11-28). "Lao Stock Exchange Sees Steady Growth". Laotian Times. Retrieved 2020-05-19.
  3. ^ "AFP: Communist Laos opens new stock exchange". archive.ph. June 30, 2012.
  4. ^ Hookway, James (11 January 2011). "Laos Launches Stock Exchange - WSJ". Wall Street Journal.
  5. ^ "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.
  6. ^ "LSX - Lao Securities eXchange". www.lsx.com.la.