At 9.15am the FTSE Bursa Malaysia KLCI level marker (FBM KLCI) was up 2.15 points at 1,494.74 from Tuesday's close of 1,492.59.
The index opened 0.15 points at 1,492.74.
It opened high on rebounds driven by new purchases of selected high-priced stocks if investors took advantage of low prices.
In the broad market, traders saw winning counters outperform losing counters by 216 to 113, while 208 counters were also unchanged, 1,763 not traded and 15 hanged.
Total acquisition of 341.47 million units is worth RM123.31 million.
The note issued by Malacca Securities Sdn Bhd stated that safe buying activity would appear and raise the KLCI to the level of 1,500.
In addition, the firm outlined that investors would shift away from the health sector and focus on recovery-themed stocks such as hospitality and aviation.
Fair stocks saw Malayan Banking Bhd (Maybank) stay at RM8.14, Publlic Bank Bhd up 2 cents at RM4.10, IHH Healthcare and CIMB Group Holdings Bhd added 1 cent each at RM6.54 and RM5.34 while Petronas Chemicals Bhd (PetChem) was up 1.5 cents at 97.5 cents.
Active stocks saw ATA IMS Bhd up 3 cents at 72 cents, SMTRACK Bhd and Bintai Kinden Corp Bhd up 3 cents at 11 cents and 24.5 cents while Swift Haulage was up 1.5 cents at 97.5 cents.
On the index board, the FBM Gold index was up 24.31 points at 10,859.73, the FBMT 100 index added 24.08 points at 10,567.56 and the FBM Gold Shariah index was up 23.98 points at 11,637.42.
FBM 70 was up 70.30 points at 13,911.16 and FBM ACE was down 20.81 points at 6,193.56.
The Products and Services Industry Index was down 0.19 points at 194.07, the Financial Services Index was at 15.94 points at 15,304 and the Agriculture Index was up 4.80 points at 6,379.53.
