At 9.05am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) added 8.03 points at 1,604.47 from Tuesday's close of 1,594.44.
The index opened strong 4.69 points at 1,601.13.
It opened on positive territory as a result of increases in commodity prices and net purchases by foreign funds.
On the broader market, investors saw gainers outpacing losers by 174 to 161, while 222 counters were unchanged, 1,690 untraded and 18 suspended.
Total turnover at 167.07 million units worth RM96.86 million.
A note from Malacca Securities Sdn Bhd explains that plantation counters may be a catalyst for investor interest, amid a shortage of sunflower oil following escalating Russian-Ukrainian tensions.
In addition, it expects price volatility as well as continued profit-taking activity on the local bourse.
They also expect iron -related and consumer stocks to be investor -focused sectors.
Heavyweights saw Maybank rise 5 sen at RM8.95, Petronas Chemicals Group Bhd added 19 sen at RM9.79, Press Metal Aluminum Holdings Bhd gained 2 sen at RM6.81, Public Bank Bhd remained at RM4.42 and IHH Healthcare Bhd lost 1 sen at RM6.56.
Active stocks saw Bioalpha Holdings Bhd add 1.5 sen at 16.5 sen, Hibiscus Petroleum Bhd strengthened 3 sen at RM1.25 and KNM Group Bhd rose 0.5 sen at 16 sen.
On the index board, FBM ACE bloomed 18.24 points at 5,890.59, FBM 70 added 34.28 points at 13,554.30, FBM Emas reached 51.14 points at 11,421.99, FBMT 100 was strong 44.60 points at 11,099.09 and FBM Emas Shariah drove 53.80 points at 12,145.29.
In terms of sector, the Financial Services index jumped 106.32 points at 16,555, the Products and Services Industry index reached 1.41 points at 211.23 and the Plantation index bloomed 107.51 points at 8,431.33.
