BCEL floods market
BCEL floods market
Local investors were out of sync with the rest of Asia yesterday when the index fell despite increased volumes. The opening LSX session saw the index fall to 996.96 and after hitting 1013.92 it closed down 18.30 points (1.80pct) at 995.62. Today if anything should see both EDL-Gen and BCEL recover.
Yesterday BCEL volume packages stimulated trading. Yesterday was their highest turnover since 21 Dec 2011 when turnover last year reached 1.98 B kip on 264 K of stocks at 7,600 kip per share.
Yesterday's turnover saw BCEL at a discounted 6,800 kip on a handy 215.8K stocks.
EDL-Gen turnover was again very subdued for the 7th day in a row as it took time out and prepared for another rally.
Lao LSX stock charts:
The above charts show a decline but it's in a very fine over exaggerated narrow trading band.
If experience is any indicator a reversal in direction is not far away.
Just take note of the BCEL 5 day turnover - it's impressive for the stock and just what the market needed.
EDL-Gen is conspicuously absent but at that price why not?
vientiane times
