Malaysian Shares Likely Up; HwangDBS Tips 1617 Cap

DJ MARKET TALK: Malaysian Shares Likely Up; HwangDBS Tips 1617 Cap

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Malaysian shares are likely to rise, tracking gains on Wall Street's gains Thursday; HwangDBS says the benchmark KLCI may continue to ride on its technical strength by swinging sideways with a marginal positive bias. "However, the benchmark index's immediate upside potential will likely be capped by the 160-day moving average line which currently stands at 1617," the house says. The KLCI ended Thursday up 0.1% at 1607.32. Genting (3182.KU) and KPJ Healthcare (5878.KU) will be in focus after their quarterly results came in below market expectations. (jason.ng@dowjones.com)