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28/02: Daily updates of the Lao Securities Exchange
The two listed stocks started to reheat the Lao securities market with their smoldering prices. BCEL was able to tame the 11,900 Kip per share in the first session.The price of EDL-Gen also trailed up 2.22% to 6,900 Kip per share in the presence of a higher trading volume.
1. Executive Summary
- The Lao Securities Exchange: The two listed stocks started to reheat the Lao securities market with their smoldering prices. BCEL was able to tame the 11,900 Kip per share in the first session, only to let it loose in the second session due to the pressing sell-offs pressure. At the end, BCEL still benefited from a positive change in price (2.61 percent) and in trading volume (49 percent), netting a turnover of 648 million Kip. The price of EDL-Gen also trailed up 2.22% to 6,900 Kip per share in the presence of a higher trading volume; its total turnover, as a result, slightly edged up by 8 percent to 695 million Kip.
- Lao-Sino cooperation leads to increased trade: Although Laos has a trade deficit with many countries, the nation has experienced a trade surplus with China in recent years. As trade and investment cooperation grows between Laos and China so does the value of trade between the two countries.
- Luang Namtha exports rice to China: Sing district in Luang Namtha province produced 6,000 tonnes of rice for export to China last year, according to local media. A Chinese business is working with Lao companies to encourage local farmers to grow rice for export to China.
- Bank officials discuss loan management: Representatives of commercial banks and the Financial Institute Management Department, Bank of the Lao PDR, met last Friday on loan management. The meeting was aimed to encourage the exchange of viewpoints on loaning management.
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2. The Lao Securities Exchange
The Lao stock market
Demands are recovering across the stock board along with the market liquidity, signaling that confidence is being poured back into the wobbly Lao stock market. As the prices of BCEL and EDL-Gen respectively hinged around the 3% margin of the 12,000 and 7,000 Kip per share, total volumes of supplies appreciated accordingly, which is explainable. Historical records showed that most trades occurred at those given prices, suggesting that the market might experience subtle selling hikes in the next few sessions.
The LSX Index 1,469.55 +33.10 [+2.30%]
The Lao Composite Index laid another gain of 2.3 percent, paving its way back to the 1,500 index. Total trading volume rose 18% compared to last Friday to 155 thousand shares, elevating total market turnover by 26% to 1.34 billion Kip.
Lanexang Securities
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