The Lao Securities Exchange targets listing 60 firms by 2025 following the government's plan to privatise its state enterprises.
Soulysak Thamnuvong, deputy secretary-general of Laos' Securities and Exchange Commission, said last week that the Laotian government's privatisation policy will be part of efforts to boost the country's capital market over 10 years.
LSX has three listed companies - Banque Pour Le Commerce Exterieur Lao, EDLGeneration and Lao World - and market capitalisation of 9.8 trillion kip (Bt40.8 billion).
The market has 9,410 investor accounts, of which 7,600 are local and 1,810 foreign. Turnover averages 100-120 million kip a day. LSX was established in December 2010 and started operating in January 2011.
Dethphouvang Moularat, chairman and CEO of LSX, said LSX plans to change its trading procedures.
Currently investors submit their buy and sell orders to the market but bids and offers are not matched in real time. Next year the trading system will be changed to real-time matching. LSX is open for trading from 8.30am-11.30am. This will support the market's strong growth following the plan to boost the capital market. Next year will see four more firms listing. LSX has developed instruments for listed firms to raise funds, such as debentures.
"We are also open for foreign firms investing in Laos to raise funds from the LSX," he said.
The Lao Securities Exchange targets listing 60 firms by 2025 following the government's plan to privatise its state enterprises.
Soulysak Thamnuvong, deputy secretary-general of Laos' Securities and Exchange Commission, said last week that the Laotian government's privatisation policy will be part of efforts to boost the country's capital market over 10 years.
LSX has three listed companies - Banque Pour Le Commerce Exterieur Lao, EDLGeneration and Lao World - and market capitalisation of 9.8 trillion kip (Bt40.8 billion).
The market has 9,410 investor accounts, of which 7,600 are local and 1,810 foreign. Turnover averages 100-120 million kip a day. LSX was established in December 2010 and started operating in January 2011.
Dethphouvang Moularat, chairman and CEO of LSX, said LSX plans to change its trading procedures.
Currently investors submit their buy and sell orders to the market but bids and offers are not matched in real time. Next year the trading system will be changed to real-time matching. LSX is open for trading from 8.30am-11.30am. This will support the market's strong growth following the plan to boost the capital market. Next year will see four more firms listing. LSX has developed instruments for listed firms to raise funds, such as debentures.
"We are also open for foreign firms investing in Laos to raise funds from the LSX," he said.
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