BCEL rally clean slates trades
BCEL rally clean slates trades
BCEL's outstanding impressive “bull” volume rally continued August 27, when it all but tripled turnover compared to Friday's market close and clean slated EDL-Gen which didn't have any matching trades on Monday.
BCEL price traded unchanged for a 5th day for a total turnover of US$202,811 on improving volumes of 208K stocks.
Prevailing volume trading conditions are perfect in August for an "upside" in Lao stock prices, but amazing as it is the volumes have flowed unchecked and unchanged at a superb value for both stock prices.
Sellers are clearly in the box seat at the moment and it's hard to understand why willing sellers still continue to trade good volumes for both stocks at unchanged prices. But that's exactly the last few months' market sentiment.
Investors in current conditions who understand market strategy of accumulating both stocks are on a long term winner. Somehow BCEL's rally still finds willing sellers but no one's complaining as the selling continues at a price well under its perceived intrinsic value.
Granted there may be some gains short selling the stock (now ex-dividend) but strategies that support long term fundamentals, do not support short selling, but rather a premeditated one to hold and accumulate.
EDL-Gen s ellers mulled the market unchanged prices and yesterday failed to match any trades in all sessions. A token bid in the last session was all that could be best hoped for but it was not forthcoming.
Some early sparring with carryover trades of BCEL saw fewer than 1000 stocks traded in the first two sessions. That was blown away with 200,000 banking stocks crossing (US$196k) by the 10am half way close at 7,800 kip, which went against the (no trade) -50 kip write down on 20 August. The trades although exceptional and white washing EDL-Gen in trading , BCEL fizzled out in the next three sessions, with a total closing trade of 208K stocks for 1.6 billion kip.
Interest today will center on the EDL-Gen stock price which failed to surface in trading yesterday at 4,900 kip Optimistic sellers retain the high ground with EDL-Gen which lays the foundation for a further continuing rally.
vientiane times
