Market expected to trade cautiously

This week would be eventful as Malaysia’s second-quarter 2021 (Q2’21) gross domestic product (GDP) performance would be released on Friday.

KUALA LUMPUR: Bursa Malaysia is expected to continue trading in a cautious mode this week, with the benchmark index hovering between 1,490 and 1,500 points, according to a dealer.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said, amid the fragile market sentiment, investors would continue to monitor the high number of Covid-19 cases in the country, as well as developments in China’s regulatory crackdown on the education and technology sector.