At 9.05am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 3.75 points at 1,580.71 from Tuesday's close of 1,576.69.
The index opened 5.30 points high at 1,582.26.
It opened slightly higher, bouncing off yesterday’s losses despite concerns over the Russian-Ukrainian geopolitical crisis plaguing Wall Street markets.
On the broader market, investors saw gainers outpacing losers by 205 to 153, while 227 counters were unchanged, 1,673 untraded and 18 suspended.
Total turnover at 145.38 million units worth RM84.81 million.
A note from Malacca Securities Sdn Bhd stated that a sell session on the Wall Street market will result in an increase in trading in the market in the near future.
Meanwhile, investors' attention is focused on Malaysia's inflation rate which will be released tomorrow, Thursday.
He added that the market may focus on the metals and energy -related sectors as there has been an increase in Brent oil and aluminum prices, moreover, banking and consumer stocks including recovery -themed stocks continue to reach a profitable season.
Heavyweights saw Maybank gain 2 sen at RM8.74, Public Bank added 1 sen at RM4.35, Petronas Chemicals advanced 9 sen at RM9.23 while CIMB Group remained at RM5.5 and IHH Healthcare declined 2 sen at RM6.28 .
Active stocks saw SMTrack strong 0.5 sen at 26 sen, MSM Malaysia Holdings fell 19.5 sen at 92.5 and Hibiscus Petroleum lost 2 sen at RM1.16.
The most profitable counter showed Kuala Lumpur Kepong jumped 60 sen at RM25.60, Malaysian Pacific reached 42 sen at RM35.32 and United Plantations added 30 sen at RM14.84.
On the index board, FBM Emas rose 25.98 points at 11,269.48, FBMT 100 added 25.85 points at 10,946.18, FBM Emas Shariah rose 34.13 points at 11,958.11, FBM 70 jumped 31.09 points at 13,418.15 and FBM ACE advanced 22.94 points at 6,094.09.
In terms of sector, the Financial Services index increased 25.40 points at 16,293.73, the Products and Services Industry index rose 0.56 points at 208.67 and the Plantation index bloomed 64.16 points at 7,844.39.
