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
> Stocks wrap week in green (17/02/2012)
> BCEL loses 3 percent (14/02/2012)
> Internet home trading systems for all LSX shareholders (10/02/2012)
> LSX displays no true underpinning indicators (09/02/2012)
> Volumes ice over on sheltered stock prices (08/02/2012)
> EDL-Gen dominates trading (07/02/2012)
> Volumes rally, prices stay at resistance level (04/02/2012)
> Lao Stock Market: Traders mull over Lao LSX prices stalemate (03/02/2012)
> All the “technical indicators” point to a stock price rally (02/02/2012)
> EDL-Gen volumes continue to outperform (01/02/2012)