Vientiane:

Vientiane:

The index performed a bit erratically yesterday. By the 10 am half way close the stock market index had dropped 9 points as investors all but squeezed the lemon dry for 34,000 EDL.Gen stocks at a real bargain price of 4,650 kip.

After enjoying 5 previous positive days of gains the index rose from 994.35 to 1010.12 points for an overall gain of 1.59 percent. But all that soured without supporting fundamentals, when a 2.7 percent short selling back flip occurred, as the index finished down 11 points to 998.87 points. BCEL 5,050 share traded down 50 kip and EDL-Gen lost 100 kip in the last 4 sessions on 38,178 stocks. Those profit-taking would be doing so on very small margins (if any) particularly when buy/sell brokerage is deducted.

The index has disappointed underperforming from 1,065.81 on 25th July last year the index has lost 67 points or -6.28 percent. But all to investor's advantage as both stock s remain at great value.

EDL-Gen has a lot of support despite the minor ups and downs in July the stock price compared to June has actually risen 2.30 percent and the share volumes are way up 31.95 percent.

BCEL July to June comparison notes the share price has only gained 2.05 percent even though it appears more than that. However the daily volumes in July volumes have dropped 61.80 percent compared to June.

The index gives the appearance that it maybe underperforming. But when July is compared to June it's a miniscule -0.78 percent and ripe for the picking. The daily share volumes are up 14 percent for July and that's despite EDL-Gen Rights Offer. So in the long term there is little volatility and a rainbow at the end of the journey.

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