The cutback in public infrastructure spending, coupled with the sustained weakness in the property sector, will have a direct knock-on effect on the demand and hence prices for steel and cement.
PETALING JAYA: Construction counters took a dip even as prospects of the sector looked positive following the revival of the East Coast Rail Link (ECRL) project.
Traders took profit from the shares which have rallied since the past week leading up to the confirmation of the mega project’s comeback last Friday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
