Top 10 Shariah Compliant Stock Losers of March 2024

In March 2024, there was a slight decrease approximately 1.1% in the FBM KLCI index. It commenced the month at 1,553.16 points and concluded at 1,536.07 points.

1. $MICROLN / 0126 (MICROLINK SOLUTIONS BERHAD)
Microlink experienced a significant decrease in its stock price throughout March 2024, starting at RM0.870 and ending at a much lower RM0.340, marking a substantial 60.92% decline.

2. $DESTINI / 7212 (DESTINI BERHAD)
Destini Berhad's performance stands in stark contrast to other oil and gas firms listed on Bursa Malaysia. While peers in the sector saw gains, Destini Berhad experienced a decline of RM0.02 or 40%, ending at RM0.030 on March 29, 2024.

3. $OMESTI / 9008 (OMESTI BERHAD)
Omesti Berhad saw its share price fall by RM0.105, resulting in a decrease of 38.89%.

4. $TOYOVEN / 7173 (TOYO VENTURES)
In fourth position, Toyo Ventures Holdings Berhad similarly experienced a significant decrease, amounting to RM0.470. In terms of percentage, Toyo's decline from its initial price at the start of the month amounted to 33.57%.

5. $MERIDIAN / 5040 (MERIDIAN BERHAD)
Meridian Berhad, holding the fifth position, saw a decrease of RM0.025, equivalent to 31.25%.

6. WIDAD
Since the sharp decline in January, Widad Group Berhad has struggled to regain its footing. Instead, its stock price has continued to plummet and now stands at only RM0.085 per share. In March, the stock drop for 26.09%.

7. JETSON
In the seventh spot, Kumpulan Jetson Berhad saw a decline of RM0.08 and 23.88% over the course of March 2024.

8. AAX
Air Asia X Berhad commenced trading at RM1.64 on March 1, 2024, and concluded at RM1.33 on March 29, 2024, indicating a decrease of 18.90% over the course of one month.

9. HARNLEN
Harn Len Corporation Berhad occupied the second to last position, experiencing a decline of RM0.075, equivalent to 16.85%.

10. TCHONG
Lastly, Tan Chong Motor Holdings Berhad saw a decrease of RM0.120 in its share price, resulting in a 12.24% decline.

Despite these setbacks, it's important for investors not to lose hope but rather to analyze the underlying reasons for these losses and adjust their investment strategies accordingly. By learning from past mistakes and staying vigilant, investors can navigate future challenges and aim for more favorable outcomes in their investment endeavors.

Source: https://cutt.ly/mw6W5GyG