Stock trades battle headwinds
Stock trades battle headwinds
Similar to the previous day late trades increased in volume to put some respectability on the index's turnover which climbed from the previous day's US$9.3K to US$28.5K.
The index yesterday made a small gain resulting from a 100kip rise in the BCEL stock price.
The index closed up 2.67 points to finish at 995.62 points - its first gain in 7 days.
BCEL only traded in the latter 4 sessions from 6,800 kip reaching 6,950 in the 4th closing before finishing the day up 100 kip at 6,900 kip. It was the banking stock's first rise in 6 days, but only on just above 12K stocks and a 50pct gain to the previous day's low trades of 8K.
EDL-Gen was absent yesterday until a late charge of 30K hit the final session, thereby reversing the previous day's lull of 3K stocks. For the electricty company all remained unchanged for the 6th day in a row at 4,800 kip.
vientiane times
