KLCI is expected to rebound and stay positive for the week

We believe the sell off is over done for our local market. Russian counter sanctions to the West. US commanded air strikes and expected to prolong. PAS is staying with PR even has a different support view on MB of Selangor. We expect the market to rebound but will face resistance at 1260 – 1270. However, if nothing worsen from the current situation. We expect KLCI to have a positive week. In mind term 2014, we maintain our long position.