Malaysia Shares Biased Down; 1555 Strong Support

08 Jun 2012

[Dow Jones]  Malaysia shares are biased down after a lackluster Wall Street performance Thursday as fading hopes for further monetary stimulus from the Fed offset PBOC's rate cut; the KLCI will likely hover around 1575 with strong support tipped at 1555.  The KLCI was up 0.4% at 1575.31 Thursday, its third consecutive session of gains.  Analysts say the sideways trading pattern will continue until clearer leads emerge and downside will likely persist in line with regional declines.