SINGAPORE STOCKS INVESTING (“SSI”): STABLE STI CORE, MULTI-BAGGED BY SELECTIVE INTERNATIONAL PICKS!

Monday, April 15, 2019

TOM K BOUGHT INTO JUMIA STOCK!

Singapore Stocks
Dear readers, recently I have shared in one of my recent posts about Jumia Technologies’ debut on NYSE last week. Initially slated for the debut on the stock exchange on 11 Apr 2019 (Thu), the debut was delayed by one day to 12 Apr 2019 (Fri) but this delay did not stop my interest in this stock which has been widely touted as the Amazon stock of Africa!
Jumia stock’s IPO price was USD 14.50 and I knew from what I had read on the internet, that on its debut day, there would be a high likelihood that Jumia stock would skyrocket in stock price. As such, I wasted no time to “grab” Jumia stock when it opened at USD 18.26. I gotten Jumia stock at USD 19 and yes, right from the start, Jumia skyrocketed!

Jumia stock rallied from its IPO price of $14.50 by 75.59%! So as to close its first day of debut on the stock exchange at USD 25.46! Such a rally in Jumia stock was unexpected from me as such I sold off Jumia at a lower price on the same day of debut last Friday to pocket a profit which was still decent.

Going forward, I would be looking at how Jumia stock would settle before deciding whether to enter into the stock again. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.


SSI INVESTMENT STRATEGY: STABLE STI CORE, MULTI-BAGGED BY SELECTIVE INTERNATIONAL PICKS! FIND OUT MORE HERE !



Total Pageviews

The author of this blog shall not be liable for any investment actions or results of readers through reading this blog.

Copyrights Singapore Stocks Investing. All Rights Reserved
.







ABOUT TOM K


YOU, SINGAPORE
INVESTORS DESERVE ANYTHING BETTER THAN LOSING MONIES AND MONIES IN
THE STOCKS MARKETS.

You, SINGAPORE INVESTORS DESERVE AN INVESTMENT EDUCATON
WHICH IS BEST SUITED FOR TODAY’S CHANGING ENVIRONMENT.

You, SINGAPORE
INVESTORS DESERVE NOT TO PAY ANOTHER SINGLE CENT FOR PAID INVESTMENT
EDUCATION THAT DOES NOT WORK.

You, SINGAPORE
INVESTORS DESERVE SINGAPORE
STOCKS INVESTING!

And for That, I am willing to spend whatever Free Hours that I (STILL) have, towards raising the financial literacy of investors in Singapore so
that ALL will earn the returns You DESERVE FROM your hard-earned monies!

___________________

A Former Top Industrial Process Engineer

Forced out of First Job due to Restructuring

Endeavors to Carve Out a Better Tomorrow

Doing What He Does Best

Analysis of Processes….

For This is What Investment

Is ALL ABOUT!