Construction stocks gain momentum

PETALING JAYA: Construction stocks gained momentum yesterday, driven by expectations of resumed growth for the sector, as well as the anticipation of the economic stimulus package to be announced month-end.

The Bursa Malaysia Construction Index rose 7.02 points to 211.17 yesterday, led by Gadang Holdings Bhd (+13.6%), Ekovest Bhd (+12.03%), AME Elite Consortium Bhd (+12.3%), WCT Holdings Bhd (+10.2%) and Gabungan AQRS Bhd (+9.9%).