Construction stocks lower

TheStar Wed, May 20, 2020 08:50am - 3 years View Original


At 5pm yesterday, shares of Malaysian Resources Corp Bhd were down two sen to 54 sen, WCT Holdings Bhd slipped 0.5 sen to 58 sen, Ekovest Bhd ended five sen lower to 56 sen, Muhibbah Engineering (M) Bhd closed 2.5 sen down to 96 sen and George Kent (Malaysia) Bhd dropped 2% to 71 sen. An analyst said investors were taking profit, considering that the Bursa Malaysia Construction Index has been seeing a steady uptrend this year.

PETALING JAYA: Construction stocks were mostly lower yesterday, in spite of news that a portion of the East Coast Rail Link (ECRL) had received approval to commence construction works.

At 5pm yesterday, shares of MALAYSIAN RESOURCES CORP Bhd were down two sen to 54 sen, WCT Holdings Bhd slipped 0.5 sen to 58 sen, Ekovest Bhd ended five sen lower to 56 sen, MUHIBBAH ENGINEERING (M) BHD closed 2.5 sen down to 96 sen and George Kent (Malaysia) Bhd dropped 2% to 71 sen.

An analyst said investors were taking profit, considering that the Bursa Malaysia Construction Index has been seeing a steady uptrend this year.

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