LSX year to date trading tops US$1,888,104
Lao Stock Market (LSX) remains closed this week for holidays and reopens next Tuesday. Tuesday commences the final 7 trading days to the fiscal anniversary.
As at Tuesday's close of business, the index had recorded a fine YTD trade of 2,253,998 shares for US$1,888,104.
The LSX index peaked at 1864.98 points. It traded at a 52W low at 897.36 points on October 27 and on Tuesday the index closed close to its 52W low at 899.46 on thin volumes and is expected to recover. EDL-Gen last closed at 4,200 kip and BCEL at 7,250 on Tuesday.
The new year provides investors with a good platform to shrug off “price resistance” and an opportunity to spark a 10-15 percent price rally; maybe it can occur ahead of the fiscal year's close in 2 weeks' time (January 11).
vientiane times
> BCEL stock price hammered on very low volumes (28/12/2011)
> Exchange, banks close for New Year, reopen Jan 5 (27/12/2011)
> BCEL continues to lead the way (23/12/2011)
> Market turnover increases as index falls and BCEL heads ex dividend (22/12/2011)
> Stocks with 5 consecutive ceiling-hitting sessions (22/12/2011)
> December Index goes “W” shape with moderate recovery (21/12/2011)
> BCEL volumes dominate as index gives up gains (20/12/2011)
> Stocks rebounds on bargain hunting (16/12/2011)
> LSX: Market's weekly liquidity falters (15/12/2011)
> Investors continue to ignore local market fundamentals (15/12/2011)