Summary of January 2024
Portfolio @ End of Jan24
Jan 2024 is a special month for stock market in Malaysia. A few stocks crashed heavily with multiple limit downs which was unheard of before.
Those stocks include Rapid, YNHProp, Imaspro, SCIB, MERSEC, JSB, ARTRONIQ, APB, SRIDGE, Tanco etc with various degree of severity.
I'm quite familiar with SCIB, it is the stock that I gained the most in value so far.
After the fall of Serba Dinamik, I thought SCIB would face the same fate but it could escape by "terminating" all those questionable contracts.
Last year I did notice that SCIB's share price somehow increased steadily despite making losses. Its share price rose 10x from RM0.12 to RM1.20 in 8 months time.
Of course I was very surprise but I didn't expect it to fall so rapidly back to below 30sen in just 3 free trading days.