Lao Securities Exchange

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Lao Securities Exchange
Vientiane Stock Exchange.jpg
Type Stock exchange
Location Vientiane, Laos
Founded 11 January 2011
Key people Dethphouvang Moularat Chairman
Currency Lao Kip
No. of listings 2
Volume 2.14 billion kip ($265,000) First day[1]
Website www.lsx.com.la

The Lao Securities Exchange (LSX) is the primary stock exchange in Laos, located in the capital Vientiane.

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.[2]

The glass-building cost $10 million to build.[3] It began operations on 11 January 2011.[4]

Companies[edit]

There are currently only two listed companies on the stock exchange, but there is expectation that 3 to 5 firms will be listed by the end of 2012. The first is EDL Generation-Public Company, which is a subsidiary of the state owned energy company, Electricite du Laos. The other company is the largest bank in Laos, Banque Pour Le Commerce Exterieur Lao (BCEL) Lao.[5]

References[edit]