Lao Securities Exchange

Last updated
Lao Securities Exchange
Vientiane Stock Exchange.jpg
Type Stock exchange
LocationVientiane, Laos
Founded11 January 2011
Key peopleDethphouvang Moularat Chairman
Currency Lao Kip
No. of listings11
Volume1.11 trillion kip 12/04/2018 [1] $128.62 Million
Website www.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]

Contents

History

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

There are currently 11 listed companies on the stock exchange: [6]

No.Issue nameCompaniesNumber of listed stock
1BCEL BANQUE POUR LE COMMERCE EXTERIEUR LAO PUBLIC 207,723,300
2EDL-Gen EDL Generation Public Company 1,679,303,697
3LWPC LAO WORLD PUBLIC COMPANY 39,560,909
4PTL Petroleum Trading Lao Public Company 235,000,000
5SVN Souvanny Home Center Public Company 165,000,000
6PCD Phousy Construction and Development Public Company 582,000,000
7LCC Lao Cement Public Company 40,004,000
8MHTL Mahathuen Leasing Public Company 40,000,000
9LAT Lao Agrotech Public Company 100,000,000
10VCL Vientiane Center Lao Public Company 147,199,900
11LALCO Lao ASEAN Leasing Public Company 301,500,000

Trading times

Trading takes place from Monday t Friday with the following trading times:

These times exclude public holidays.

See also

Related Research Articles

<span class="mw-page-title-main">Economy of Laos</span>

The economy of Laos is a lower-middle income developing economy. Being one of the socialist states, the Lao economic model resembles the Chinese socialist market and/or Vietnamese socialist-oriented market economies by combining high degrees of state ownership with openness to foreign direct investment and private ownership in a predominantly market-based framework.

<span class="mw-page-title-main">New York Stock Exchange</span> American stock exchange

The New York Stock Exchange is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is the largest stock exchange in the world by market capitalization.

<span class="mw-page-title-main">London Stock Exchange</span> Stock exchange in the City of London

The London Stock Exchange (LSE) is a stock exchange in the City of London,Great Britain. As of August 2023, the total market value of all companies trading on the LSE stood at $3.18 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral. Since 2007, it has been part of the London Stock Exchange Group. Despite a post-Brexit exodus of stock listings from the London Stock Exchange, the LSE was the most valued stock exchange in Europe as of 2023. According to the 2020 Office for National Statistics report, approximately 12% of UK-resident individuals reported having investments in stocks and shares. According to a 2020 Financial Conduct Authority report, approximately 15% of British adults reported having investments in stocks and shares.

<span class="mw-page-title-main">Hong Kong Stock Exchange</span> Stock exchange based in Hong Kong

The Stock Exchange of Hong Kong is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the 8th largest globally by market capitalization as of August 2024. The exchange plays a crucial role in connecting international investors with mainland Chinese companies, serving as a major platform for capital raising. Unlike mainland Chinese exchanges, it operates under Hong Kong’s distinct regulatory framework, which allows greater access to foreign investors.

<span class="mw-page-title-main">Lao kip</span> Currency of Laos

The kip is the currency of Laos since 1955. Historically, one kip was divided into 100 att (ອັດ) which are no longer in regular use. The term derives from ກີບ kì:p, a Lao word meaning "ingot."

<span class="mw-page-title-main">Shanghai Stock Exchange</span> Stock exchange in Shanghai, China

The Shanghai Stock Exchange is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exchange. The Shanghai Stock Exchange is the world's third largest stock market by market capitalization. It is also Asia's biggest stock exchange. Unlike the Hong Kong Stock Exchange, the Shanghai Stock Exchange is still not entirely open to foreign investors and often affected by the decisions of the central government, due to capital account controls exercised by the Chinese mainland authorities.

<span class="mw-page-title-main">Iraq Stock Exchange</span> Stock exchange in Iraq

The Iraq Stock Exchange (ISX), formerly the Baghdad Stock Exchange, is an Iraqi stock exchange located in Baghdad, Iraq. It was established by the Coalition Provisional Authority (CPA) Order No. 74 as a sui generis independent non-profit organization on April 18, 2004. This order also created the Iraq Securities Commission and an Iraq Depositary. The stock exchange was part of the development of the country from a non-transparent centrally planned economy to a free market economy through a dynamic private sector.

<span class="mw-page-title-main">Tehran Stock Exchange</span> Iranian stock exchange

The Tehran Stock Exchange (TSE) is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. As of May 2023, 666 companies with a combined market capitalization of US$1.45 trillion were listed on TSE. TSE, which is a founding member of the Federation of Euro-Asian Stock Exchanges, has been one of the world's best performing stock exchanges in the years 2002 through 2013. TSE is an emerging or "frontier" market.

<span class="mw-page-title-main">Indonesia Stock Exchange</span> Stock exchange

Indonesia Stock Exchange (IDX) is a stock exchange based in Jakarta, Indonesia. It was previously known as the Jakarta Stock Exchange (JSX) before its name changed in 2007 after merging with the Surabaya Stock Exchange (SSX). In recent years, the Indonesian Stock Exchange has seen the fastest membership growth in Asia. As of January 2024, the Indonesia Stock Exchange had 903 listed companies, and total stock investors were about 6.4 million, compared to 2.5 million at the end of 2019. Indonesia Market Capitalization accounted for 45.2% of its nominal GDP in December 2020. Founded on 30 November 2007, it is ASEAN's largest market capitalization at US$881 billion as of 19 September 2024.

<span class="mw-page-title-main">Big C</span> Thai retail company

Big C, operated by Big C Supercenter Public Company Limited under Big C Retail Corporation Public Company Limited, is a grocery and general merchandising retailer headquartered in Bangkok, Thailand. Big C is as of 2016 Thailand's second-largest hypermarket operator after Tesco Lotus. It has operations in five countries, namely Thailand, Laos, Cambodia, Vietnam and Hong Kong.

<span class="mw-page-title-main">Dar es Salaam Stock Exchange</span> Stock exchange in Tanzania

The Dar es Salaam Stock Exchange (DSE) is a stock exchange located on Ohio Street, west of Kivukoni, south east of Dar es Salaam, the commercial capital and largest city in Tanzania. It was incorporated in September 1996 and trading started in April 1998. It is a member of the African Stock Exchanges Association and the World Federation of Exchanges. The exchange is open five days a week, from Monday through Friday. The trading days are weekly from Monday to Friday, starting from 10.00 am to 14.00 pm.

<span class="mw-page-title-main">Mongolian Stock Exchange</span> Stock exchange in Ulaanbaatar, Mongolia

The Mongolian Stock Exchange is Mongolia's sole stock exchange. It is based in Ulaanbaatar and was established in January 1991 by the decree of the Mongolian Government to privatize state-owned assets.

Team Internet Group PLC is a British multinational internet services holding company headquartered in London, United Kingdom. Its subsidiaries provide services categorized in two segments: Online Marketing and Online Presence. The Online Marketing segment offers services and products in digital advertising, domain monetization, traffic commerce and product comparison; the Online Presence segment provide domain name registry and registrar services, in addition to associated products and services, including web hosting, brand management, and domain parking.

The Korea Securities Computing Corporation is a Korean financial IT company that provides the IT infrastructure to the Korean financial securities and futures markets. It also provides a trading platform, market data and other financial systems for the Korean market.

<span class="mw-page-title-main">Électricité du Laos</span>

Électricité du Laos(EDL) is the state corporation of Laos that owns and operates the country's electricity generation, electricity transmission and electricity distribution assets. The company also manages the import and export of electricity from the national electricity grid of the country. EDL was founded in 1959 and is headquartered in Vientiane.

<span class="mw-page-title-main">Cambodia Securities Exchange</span> National stock exchange of Cambodia

The Cambodia Securities Exchange is the national stock exchange of Cambodia. The exchange's purpose is to achieve high economic growth by facilitating flows of capital, investment, and reallocation of capital based on capital market mechanisms. The exchange is headquartered in the Canadia Tower, in Cambodia's capital city, Phnom Penh.

<span class="mw-page-title-main">Algiers Stock Exchange</span> Stock exchange market founded in 1997 in Algeria

The Society of Stock Exchange Management is the only stock exchange of Algeria. It is in operation since 1997. Despite a 62% increase over one year, SGBV remains one of the smallest stock exchanges in the world since 2011.

<span class="mw-page-title-main">India–Laos relations</span> Bilateral relations

India–Laos relations, also referred to as Indian-Lao relations or Indo-Lao relations, are bilateral relations between India and Laos. Relations between two nations were established in February 1956. First Prime Minister of India Jawaharlal Nehru visited Laos in 1954 while first President of India Rajendra Prasad visited Laos in 1956. India considers Laos as strategically important in accordance with China's growing land-reclamation activities in the South China Sea. Laos has been supportive to India's efforts to become a permanent member of the UN Security Council.

<span class="mw-page-title-main">Cboe Global Markets</span> American company

Cboe Global Markets, Inc. is an American company that owns the Chicago Board Options Exchange and the stock exchange operator BATS Global Markets.

References

  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.