Index falls as investors take cash position

The LSX hit a new 52 week low yesterday, prompted by sellers taking none other than a “cash (ex-dividend) position”.

The index Wednesday fell 12 points to 886.24 exceeding the previous low of 896.20 achieved on Oct. 26 and Dec. 11. Yesterday EDL-Gen fell 50 kip to 4,150 kip and BCEL in late trading lost 150 kip to close at 7,050 kip.

Investors cashed up will be looking at the market as a good time to buy in.

Volumes were considered light even though up more than 12K shares to the previous day. As the volumes improve so should the index and stock prices.

Lao Exchange Rates: The kip retreated to 7,699/US$, while the Aussie was up at 8,143 kip (US$1.036)

vientiane times

>   Good riddance to 2011 markets (03/01/2012)

>   Stocks open year on sour note  (03/01/2012)

>   LSX year to date trading tops US$1,888,104 (30/12/2011)

>   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)