Profit-taking: Concerns over increasing Covid-19 cases could dampen near-term sentiment and prompt investors to profit-take on recovery play stocks including construction.
PETALING JAYA: Construction stocks, earlier thought of as recovery stocks, may be one of those which have hit a snag as cases of Covid-19 in the country see a return, with no sure signs of slowing down.
CGS-CIMB Research said concerns over increasing Covid-19 cases could dampen near-term sentiment and prompt investors to profit-take on recovery play stocks, chief among which include construction.
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