At 9.06am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.52 points at 1,492.40 from Friday's close of 1,488.88.
It opened higher following Wall Street's positive performance signal last Friday despite US inflation concerns.
The index opened 3 points at 1,491.88.
On the broader market, investors saw gainers outnumber losers by 141 to 123, while 198 counters were unchanged, 1,833 untraded and 21 suspended.
Total turnover at 168.19 million units worth RM79.72 million.
A note issued by Malacca Securities Sdn Bhd said concerns over the Omicron Covid-19 variant were easing and it was expected that it would support the stock and commodity markets.
He added that investors are waiting for the outcome of the Federal Open Market Committee (FOMC) meeting this week to get a signal for US monetary policy.
The commodity market showed that the price of crude palm oil was at RM4,800 while the price of crude oil was at US $ 75 or RM315.52 per barrel.
Heavyweights saw Malayan Banking Bhd (Maybank) add 5 sen to RM8.17, Petronas Chemicals Group Bhd (PetChem) and CIMB Group Holdings Bhd rose 1 sen to RM8.43 and RM5.19, IHH Healthcare jumped 9 sen to RM6. 67 and Public Bank Bhd remained at RM3.99.
Active stocks saw Impiana Hotels Bhd add 0.5 sen to 9.5 sen, Dataprep Holdings Bhd drove 10 sen to RM1.19 and Sedania Innovator Bhd rose 3.5 sen to 62.5 sen while Daya Materials Bhd and Sapura Energy Bhd remained at 1 sen and 5 sen respectively.
On the index board, the FBM Emas index rose 20.5 points at 10,880.29, the FBMT 100 index added 20.52 points at 10,852.09 and the FBM Emas Shariah index jumped 15.73 points at 11,729.98.
FBM 70 drove 9.48 points at 14,055.51 and FBM ACE weakened 19.11 points at 6,209.21.
The Products and Services Industry Index rose 0.01 points at 193.31, the Financial Services index added 34.99 points at 15,144.32 and the Plantation index rose 27.46 points at 6,493.95.
