Malaysia Shares May Rise On US Cues; 1480 Cap-Dealer

 Malaysian shares may rise tracking gains in U.S. stocks Friday and higher regional markets on fresh hopes over Europe's debt crisis. A local dealer says "investor sentiment is getting a boost across the region from positive news coming in from Europe over the weekend. We expect the volatility to continue in the near term and Europe to continue to drive the direction." He tips immediate resistance at 1480, followed by the psychological 1500 level. Friday, the KLCI ended down 0.3% at 1468.75. Among stocks, Malayan Banking Bhd (1155.KU) will be in focus ahead of its results; Dijaya (5401.KU) and Ivory Properties (5175.KU) may rise after announcing Friday they will jointly develop residential and commercial properties worth MYR10 billion.