1. Executive Summary
2. The Lao Securities Exchange
The Lao stock market
BCEL was just drowning in the anxiety of investors. This stock has lost 13% of its market value since the beginning of the week. There were simply so demands to power up the BCEL ‘submarine.’ Traders just want to get out before the ship sinks too deep. However, BCEL is getting back to the level of the first trading day, presenting a golden opportunity for those who did not participate in the IPO auction. Apparently, investors prefer to invest in EDL-Gen for its better liquidity, signaling a good chance that this stock should be able to sustain its current market price. EDL-Gen enjoyed 93% increase in demands despite of the unchanged price. However, large supplies are still waiting EDL-Gen at the 6,750 and 6,800 Kip per share.
The LSX Index 1,368.68 -11.88 [-0.86%]
The tottery Lao Composite Index inclined toward the BCEL side as this leg can no longer support even its own weight. The current benchmark is now hinging around the 1,368 index points, equivalent to a loss of 86 basis points compared to yesterday. The market was 53% more liquid as total trades reached 260 thousand shares, pulling the market turnover up by 45% to 1.7 billion Kip.