The Lao Securities Exchange (LSX) is the primary
stock exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...
in
Laos
Laos, officially the Lao People's Democratic Republic (LPDR), is the only landlocked country in Southeast Asia. It is bordered by Myanmar and China to the northwest, Vietnam to the east, Cambodia to the southeast, and Thailand to the west and ...
, located in the capital
Vientiane
Vientiane (, ) is the capital city, capital and largest city of Laos. Situated on the banks of the Mekong, Mekong River at the Thailand, Thai border, it comprises the five urban districts of Vientiane Prefecture and had a population of 840,000 ...
. Companies on the LSX have raised more than LAK 6.7 trillion (approximately US$750 million)
History
In 2010, the Lao government sought technical and financial support from
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and t ...
(
Korea Exchange
Korea Exchange (KRX, ) is the sole securities exchange operator in South Korea. It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul.
History
The Korea Exchange was created through the integration of K ...
has a 49-percent stake in the LSX), as well as advice from neighbouring
Thailand
Thailand, officially the Kingdom of Thailand and historically known as Siam (the official name until 1939), is a country in Southeast Asia on the Mainland Southeast Asia, Indochinese Peninsula. With a population of almost 66 million, it spa ...
, to help build the exchange.
The glass-building cost $10 million to build. It began operations on 11 January 2011.
Companies
There are currently 11 listed companies on the stock exchange:
Trading times
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
*
List of ASEAN stock exchanges by market capitalization
This is a list of ASEAN stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts may be listed both here and in the list of futures exchanges.
There are nine stock exchanges in the ASEA ...
References
{{Laos topics
Economy of Laos
Stock exchanges in Southeast Asia
Financial services companies established in 2011