BCEL late volumes save the day

BCEL late volumes save the day

Holidays haven't assisted investor interest this week but trading Wednesday was very much as expected when lighter trading occurred, in a shorter week.

EDL-Gen just trading well above the 90 day EMA, volumes suggest a price hike is just around the corner.

BCEL similarly is trading above the 10 and 20 day EMA and it readies to break through both the 90 EMA.

Almost on cue BCEL made a welcome return in the first trade in the second session yesterday although the volumes were low with 1,000 stocks crossing at a rising price +100 kip to 6,700 kip per share.

It took until the 3rd session's close to see the index retain 1007.25, a gain of 8.48 points when EDL-Gen opened plus 50 kip at 4,900 kip but BCEL slipped back to 6,600.

By the close the index retained earlier gains at a 2 week high and if anything the BCEL late volumes surprised but the closing price disappointed.

vientiane times