Building material counters on track to benefit
Among the building material stocks that surged the most were cement counters Tasek Corp Bhd and Lafarge Malaysia Bhd. Tasek shares rose 47 sen, or 10%, to close at RM5.17 on a volume of 76,000 shares, while Lafarge shares gained 35 sen, or 17.5%, to RM2.35 after 4.27 million units changed hands yesterday.
PETALING JAYA: Building material counters are expected to be the next thematic play on the local equity market, boosted by expectations that the government would revive the East Coast Rail Link (ECRL) project.
Seen as the beneficiaries of the positive spillover effects if the ECRL project is resumed, several cement and steel players already saw their share prices rallying yesterday after Finance Minister Lim Guan Eng said the final decision on the rail project would be finalised soon.
Among the building material stocks that surged the most were cement counters Tasek Corp Bhd and Lafarge Malaysia Bhd.
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