Malaysia Shares Likely Higher; 1575 Immediate Cap

14 Mar 2012 MARKET TALK: Malaysia Shares Likely Higher; 1575 Immediate Cap Malaysia shares are likely to rise following sharp gains in U.S. stocks after U.S. retail sales rose and on positive stress-test results for major U.S. banks. A local dealer says "sentiment is positive across the region and we may see some strong buying in the local market as well." He adds the market has been in a consolidation phase; "this may not result in sharp gains and the all-time high (of 1597.08) will probably still act as a strong resistance." He tips immediate resistance at 1575. On Tuesday, the KLCI closed 0.1% lower at 1564.02.