Friday, 27/01/2012 22:29

LSX stock Q1 technicals indicate a breakout

Repetitive trades look very much overdone and one never knows what to expect from traders.

Yesterday's 4 day “N” shape of mixed volumes and turnover seesaw was no exception.

By the 10:30am close 37K shares crossed for US$22,474 - nearly nine times the previous day's total.

BCEL (Bank pour le Commerce Exterieur) stock price remained at 7,000 kip.

EDL-Gen improved 150 kip to 4,350 kip.

By the close yesterday the index restored 26 points to close up 3 percent for the day, the same as Monday's close at 920.32 points. Turnover Thursday reached US$27,851.

vientiane times

Other News

>   LSX Index: Volumes steady but prices remain gridlocked (25/01/2012)

>   LSX traders head for a vacation as a March 20 Greek default gains momentum (20/01/2012)

>   Laos holds enough foreign reserves: LSX CEO (19/01/2012)

>   Trading fades ahead of Chinese New Year (19/01/2012)

>   LSX liquidity returned as investors took cash positions (18/01/2012)

>   EDL-Gen staff shares unlocked (17/01/2012)

>   Liquidity falls on LSX price gridlock (17/01/2012)

>   Lao stock exchange (16/01/2012)

>   Stocks look to solid week before Tet (16/01/2012)

>   Investors' high-speed Internet service expected soon (12/01/2012)

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