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27/01: Daily updates of the Lao Securities Exchange
The market derived benefits from of a 34% increase in trading frequency; a total of 523,840 shares were traded for almost 4.59 billion Kip, valuing at a 5.72% higher than yesterday. The LSX index, by-passing the 1,600 milestone, coursed onward frictionlessly. Regional markets have been amazed by the soaring speed, roughly 4.62% per day, of the Lao Composite Index. It has gained 60% over the course of 13 trading days.
1. Executive Summary
- The Lao Securities Exchange: The market woke up to the bewildered trading volume of EDL-Gen, when it suddenly surged 200% to over 411 thousand shares. BCEL got over the eruption of the last two days and settled comfortably with a total volume of 112 thousand units. Both BCEL and EDL-Gen scored another gains of 600 Kip and 350 Kip today respectively. The prices of BCEL and EDL-Gen reach, in that order, 13,900 and 7,350 Kip per share.
- Stock market law promotes better transparency: A law on the stock market is being synthesized, attempting to boost investors’ confidence in the Lao Securities Exchange system. The market is currently operating on the foundation of a Prime Ministerial Degree on securities and securities exchange, which is unlikely to be used to settle disputes in court. The law aims to protect investors against unfair practices such as price manipulation, etc. The Vientiane Times.
- Lao Air purchased new insurance coverage: According to the Vientiane Times, Lao Air has just acquired a 1,608 billion Kip (US$200 million) policy from the Lao-Vietnam Joint Venture Insurance Company (LVI) to cover its domestic and international aviation over the next 12 months. The contract will provide coverage for the airline damage along with other legal liabilities. Lao Airlines might be one the possible companies to be listed on the Lao Securities Exchange.
2. Exchange Rates: 27/01/2011
Exchange rate
Exchange rates, quoted for the Lao Kip by the Lao Development Bank
3. The Lao Securities Exchange
The Lao stock market
The trading volume of BCEL unexpectedly dropped 550 basis points, catching investors by surprise as more bidding orders were auctioned for this stock symbol. This indication called for the attention of investors as the price of BCEL is getting steamier. On the other hand, a wave of unanticipated supplies helped relieve the pains have been troubling EDL-Gen for days. Overall, the market liquidity improved by a slight 5.72%, suggesting a more active period for the Lao stocks exchange.
The LSX Index 1,600.50 4.89%
The market derived benefits from of a 34% increase in trading frequency; a total of 523,840 shares were traded for almost 4.59 billion Kip, valuing at a 5.72% higher than yesterday. The LSX index, by-passing the 1,600 milestone, coursed onward frictionlessly. Regional markets have been amazed by the soaring speed, roughly 4.62% per day, of the Lao Composite Index. It has gained 60% over the course of 13 trading days.
* Market day:
1. LSX Index
2. EDL - Gen
3. BCEL
Lanexang Securities
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