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Lao stock exchange
EDL-Gen volumes fell right away last week. The daily average has been down to 15,267 shares per day because of sellers taking a “hold and accumulate” position.
Daily average turnover for the power distributor was 570 million kip or a handy US$71,195. EDL-Gen has a lot of “technical support” at the current price of 4,200 kip which is still profitable when the dividend payment is taken into account The stock appears to be well undervalued and the timing supports a buy in (hold and accumulate) position.
Stock highs and lows
EDL-Gen 52 week High 8,850; 52 week Low 4,100: Shares remaining (orders unfilled) at 11:30 on Friday's closing 45,6692 EDL-Gen stocks offer 4,100 kip and a further 300 shares at 4,000 kip.
BCEL 52 week High 15,500; 52 week Low 6,900: Shares remaining (orders unfilled) at 11:30 on Friday's closing 869 BCEL stocks offer 7,000 kip and a further 500 shares at 6,900 kip.
Vientiane times
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