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Malaysia shares are likely to rise,
following the gains on Wall Street on Friday amid European leaders' progress on
the region's debt problems.
The benchmark KLCI is set to retest its record high
of 1611.50 touched on June 25.
With laggards and stocks with high foreign
shareholding levels such as CIMB Group (1023.KU) and Genting (3182.KU) likely to
lead gainers.
HwangDBS says the KLCI will challenge its immediate barrier of
1610;
"on the chart, a breakout from this hurdle will likely push the bellwether
towards its next resistance level of 1635."
The KLCI ended Friday up 0.3% at
1599.15.
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