Malaysia’s construction stocks soar as sector rides data centre boom, trounce FBMKLCI
While private technology investments are driving near-term gains, country’s public infrastructure spending is expected to provide a longer-term anchor
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[KUALA LUMPUR] Malaysia’s construction stocks are on a tear this year, lifted by a wave of data sector investments and a growing pipeline of public infrastructure projects.
The Bursa Malaysia Construction Index has climbed 7.3 per cent in the year to date, reaching 331.48 points as at Wednesday (Sep 17), outperforming the broader market by a significant margin.
Heavyweights in the sector have racked up gains ranging from a modest 4.1 per cent to a sizzling 36.5 per cent.
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