Bursa to trade in cautious mode with upside bias this week

KUALA LUMPUR: Bursa Malaysia is expected to trade in cautious mode with an upside bias this week, with the benchmark index hovering within 1,525 to 1,530-point range, a dealer said.

Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the local bourse was expected to draw some buying interest as fundamentally, the economy is poised to recover following the reopening of various sectors.