Bursa Malaysia Construction Index First to ReboundThe stock market has been retrace for approximately 1 month which equal to 4 weeks. Today construction showing a strong rebound (2%) among all sector.
Besides, the construction sector is the one of the strong sector which is still stand on top of MA 200.
But short term wise it has drop below MA 20 which show weakness in short term.
On the good side, the current retracement did not drop below the previous low which is 191.81 therefore it could be used as a short term support in the meanwhile.
Among the construction stock there might be a few good picks which we could follow according to market capitalization.
Gamuda
Suncon
Ekovest
Wct
Econbhd
Gbgaqrs
Gkent
Gadang
Vizione
Jaks
Solely for education purpose without any buy or sell recommendation.
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