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Like in most transition economies BCEL is moving forward to meet the Financial Sector Development challenges facing the Lao PDR economy supporting the growth of the tourism industry.
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From 1976 to 1989, the BCEL operated as a specialized branch of the formerly State Bank ( Central Bank ) of the Lao PDR and was assigned the monopoly of and limited solely to international banking activities. It was also assigned the management of assistance grants and loans provided by foreign countries and international organizations to the Government of Lao PDR.
Banque pour le Commerce Exterieur Lao (BCEL): is the most prestigious state owned commercial bank in Laos with a 40% market share. BCEL ’s network covers most of Laos and almost every major companies in Laos are clients of BCEL
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The Nikkei is 6 market days to expiry.
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10:30am:--Early session high and the pullback to near opening.A hangman.
11:30am:--A bullish hammer of the downtrend.
12:30noon:--Holding at the bull pivot with bearish sign.
1:30pm:--A bearish doji spin.
2:30pm:--Bears hammer at the MAV support.
3:30pm:--Retracement,bullish engulfing.
4:00pm:--Bullish close.
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Given that the stock market will be closed tomorrow and the jobs report possesses a degree of uncertainty, many market participants were compelled to square their bets. That gave way to some selling and, in turn, an afternoon slide, which was likely exacerbated by the light trading volume ahead of the holiday weekend.