Top unconventional stock exchanges of the world: Cambodia, Laos, Fiji

For ordinary people, the exchange is a huge room with lots of monitors and wires, where traders and brokers are an endless struggle for the best deal. But it's not so corny. In the world there are many non-standard exchanges that reflect the character and daily life of the States in which they reside. It is worth noting that the most compact of the exchange are in Asian countries and island States in the Pacific ocean, where you trade in securities, the total number of which often does not exceed ten.


Lao stock exchange


Laos is a mountainous country in South-East Asia, which is famous for picturesque landscapes and a poor economy. Permit private enterprise in Laos was first signed in 1986, however, the lack of a modern infrastructure that promote private business is almost impossible. An interesting fact is that in Laos there are no Railways, and roads are underdeveloped and leave much to be desired, so the development of heavy industry takes place with great difficulty.


Despite all of the above, in Laos there is still stock exchange. The feature Laoshi exchange lies in the fact that it traded securities of just 4 companies:Power companies of Laos;Public Bank;Lao World;Petroleum Trading Lao Public Company.


Trading turnover of exchange per day is only 265 thousand dollars. This suggests that in the country there are only four large enterprises and there is no monopolization. The exchange was opened on 10 October 2010, and the first auction took place a year later in November 2011.


Investors tend to trade in Laos due to the fact that all trades are under the control of the state and 49% owned by the South Korean exchange. Local players say that the market is still developing, so in the near future promise to add tools for trading and increase the liquidity of assets.


The Fijian stock exchange


Stock exchange Fiji is South Pacific Stock Exchange. A feature of the exchange is that until recently, trades were conducted exclusively on paper, and orders were written with marker on the wall. Previously, all started with the fact that at 10:30 a.m. in the hall of the exchange came by the CEO, the chair, and the Secretary has testified about the start of trading.


On the Fiji stock exchange you will find a total of 16 shares and 3 of the broker issuing client documents on purchase/sale of shares and then, 5 days after the transaction. The exchange started in 1990, but until 1996 brokers it was out of surgery in a hall made by the traders themselves.


In recent years, the exchange has acquired a more modern appearance, and trades are conducted on the electronic trading platform, the total number of shareholders has reached eight, and the monetary turnover is about 1.5 million a year.


The Cambodian stock exchange


The first stock exchange Cambodia Securities Exchange was opened in 2006, but first the results reported only in 2012. At this stage, local investors are able to trade shares only in the Issuer's state water company. Now the government of Cambodia is only beginning to develop its economic potential, and the development of the stock market in the country engaged in rich, a major Korean stock exchange.

06 February, 2020

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