LSX traders head for a vacation as a March 20 Greek default gains momentum

Vientiane: LSX stock market volumes continued to fall at the local stock exchange for the second day in a row yesterday. The annual wind down is due to the approaching Chinese New Year, seeing foreign investors abandon ship and head for a holiday vacation.

The turnover of 1,695 shares barely raised a blip on the volume bars, nor emptied the investors wallets, for a miserly daily turnover of just 7,319,250 kip (US$914) and well down on the previous Wednesday's close of 132.5M kip (US$16.55K).

The index 885.13 remained stuck and unchanged at its 52 week low. Odds are continually shortening daily for a February-March rally. Until then hold and accumulate.

vientiane times

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