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Market rally peaks at 3 month high
Vientiane: Demand for EDL-Gen continues to lead the index back towards the 1,000 “black ink” 10 /1 /2011 IPO benchmark.
The index is at a 6 month high that is its highest point since Sept-14.
Yesterday BCEL was south down 600 kip to Jan. 11 and EDL-Gen the other way was north up 600 kip to Jan11.
Momentum is building as illustrated that the Index has been comfortably posting 8.68 percent YTD gains.
EDL-Gen is now pleasing investors as it restores back towards its Aug-2011 levels, whereas BCEL temporarily with very little volatility in March remains 10 percent down to those August levels.
Remember, it's the long haul that counts, not the 3-6 month cyclic cycles.
The volumes at the moment support a gradual rise in the stock prices.
It's not hard to calculate a price rise before the dividend cut off on June 30.
Talk to your broker about both the current stock price and the expected dividend yields.
The informative, easy-to-research Bloomberg website outlook for both LSX stocks remains very bullish for 2012.
vientiane times
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