Malaysian Shares End +0.8%; 1540 Resistance Eyed

 The KLCI ends up 0.8% at 1536.03 led by blue chips on across-the-board advances in moderate volume after Wall Street's gains Tuesday. A local dealer says players are picking up stocks that were battered down last week in anticipation of strong 1Q results that are starting to trickle in this week. "Investors are still staying a little cautious but they are shifting their interest to heavyweights and that's a good sign for the market in general," the dealer says. He tips resistance at 1540, then 1550, with immediate support at 1525. Market breadth is positive with 593 gainers compared with 202 losers. Among advancers, Hong Leong Bank (5819.KU) is up 4.5% at MYR12.02, Sime Darby (4197.KU) is up 2.4% at MYR9.05, Genting (3182.KU) is up 1.6% at MYR11.36 and AirAsia (5099.KU) is up 3.6% at MYR3.15. Among decliners, F&N Holdings (3689.KU) is down 1.2% at MYR18.90, and JT International (2615.KU) is down 1.2% at MYR7.16.