Boon for contractors, foreign funds buy construction, property stocks

WCT Holdings Bhd, Malton Bhd, Gamuda Bhd, Fajarbaru Bhd and WZ Satu Bhd were among the top gainers last week. Speculation is rife that large government projects will be farmed out soon. During the week, the foreign investors bought RM939.9mil worth of Malaysian equities compared with local institutions who remained net sellers at RM837.8mil.

PETALING JAYA: Construction and property stocks rallied in a market that saw foreign funds becoming net buyers. Companies deemed to be beneficiaries of large construction projects saw some action.

WCT Holdings Bhd, Malton Bhd, Gamuda Bhd, Fajarbaru Bhd and WZ Satu Bhd were among the top gainers last week. Speculation is rife that large government projects will be farmed out soon.