Chart 1: FBMKLCI's daily chart as at August 7, 2020 (Source: Malaysiastock.biz)
At the same time, the market saw fearless buying which led to multibagger stocks born in a matters of 2-3 months- truly a sight to behold. Few will surpass the spectacular rallies achieved by Topglov and Supermx (see Chart 2).
Chart 2: Topglov and Supermx's daily chart as at August 7, 2020 (Source: Malaysiastock.biz)
Many may recall the bull market that followed the aftermath of a crisis - AFC 1998 and GFC 2008 (see Chart 3). We are again at the cusp of a bull market as the crisis from Covid-19 pandemic subsides.