Malaysia Shares To Have Positive Bias; 1585 Cap

16 Mar 2012       Malaysia Shares To Have Positive Bias; 1585 Cap

0 Malaysian shares are tipped to stay range-bound with a slight positive bias following gains in U.S. stocks Thursday.   A local dealer says "the sentiment will continue to be cautious.  Most regional markets are slightly lower, which will also weigh on Malaysian stocks (but) positive economic data from the U.S. will definitely lead to some buying." He tips immediate resistance at 1585, followed by all-time high of 1597.  Thursday, the KLCI ended 0.2% higher at 1579.38. Among stocks, Zelan (2283.KU) may rise on transport terminal project.