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Lao Securities Exchange

From Wikipedia, the free encyclopedia
Lao Securities Exchange
TypeStock exchange
LocationVientiane, Laos
Founded11 January 2011
Key peopleDethphouvang MoularatChairman
CurrencyLao Kip
No. of listings11
Volume1.11 trillion kip12/04/2018[1] $128.62 Million
Websitewww.lsx.com.la

TheLao Securities Exchange (LSX) is the primarystock exchange inLaos, located in the capitalVientiane. 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 fromSouth Korea (Korea Exchange has a 49-percent stake in the LSX), as well as advice from neighbouringThailand, 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 nameCompaniesNumber of listed stock
1BCELBANQUE POUR LE COMMERCE EXTERIEUR LAO PUBLIC207,723,300
2EDL-GenEDL Generation Public CompanyArchived 2020-02-29 at theWayback Machine1,679,303,697
3LWPCLAO WORLD PUBLIC COMPANY39,560,909
4PTLPetroleum Trading Lao Public Company235,000,000
5SVNSouvanny Home Center Public Company165,000,000
6PCDPhousy Construction and Development Public CompanyArchived 2020-03-23 at theWayback Machine582,000,000
7LCCLao Cement Public Company40,004,000
8MHTLMahathuen Leasing Public Company40,000,000
9LATLao Agrotech Public Company100,000,000
10VCLVientiane Center Lao Public CompanyArchived 2020-03-23 at theWayback Machine147,199,900
11LALCOLao ASEAN Leasing Public CompanyArchived 2020-03-23 at theWayback Machine301,500,000

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

[edit]
  1. ^"LSX - Lao Securities eXchange".www.lsx.com.la. Archived fromthe original on 2018-04-13. Retrieved2018-04-12.
  2. ^Kang, Taejun (2019-11-28)."Lao Stock Exchange Sees Steady Growth".Laotian Times. Retrieved2020-05-19.
  3. ^"AFP: Communist Laos opens new stock exchange".archive.ph. June 30, 2012. Archived from the original on June 30, 2012. RetrievedJune 7, 2024.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  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 fromthe original on 2011-01-14. Retrieved2011-01-11.
  6. ^"LSX - Lao Securities eXchange".www.lsx.com.la. Archived fromthe original on 2020-02-17. Retrieved2020-03-23.
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