The shocking outcome of the 12th General Election will very likely lead to selling pressure in the days ahead. Generally, in times of uncertainties, consumers & investors are likely to be cautious and this will likely impact new business investments as well as consumers' spending on big ticket items. In addition, we can expect some big construction projects in states, now controlled by the opposition, to be delayed. Amongst the projects that could face delay, are the Pahang-Selangor Water Transfer project, the Northern Corridor & the West Coast Highway project. These delays will impact construction activities & the building materials sector.
Selling will not be easy in this market. The prices will be depressed & stay depressed. What you need to do will be guided by the level of risk that you are comfortable with.
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