Volumes return as investors' appetite grows for EDL-Gen

Volumes returned yesterday up some 62 percent to the previous day, whilst the turnover grew by 82 percent. Turnover was a sound US$21K.

BCEL shares increased from 2K the previous day to more than 16K with turnover up 562 percent to the previous day. On Feb-2 the stock opened at 6,950 kip but since then has lost ground every day, closing down 650 kip or down -9.35 percent as at Thursday's close. However the volumes have been relatively light and the price super attractive to investors wishing to accumulate the bank stock.

EDL-Gen by comparison on Feb-2 was at 4,400 kip and after reasonably good volumes in February that almost doubled BCEL's at yesterday's close stood at 4,350 kip, down 50 kip or 1.14 percent.

vientiane times

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