At 9.10am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 3.15 points at 1,558.79 from Tuesday's close of 1,557.41.
The index opened 3.15 points weak at 1,554.26.
It opened weaker then bounced slightly afterwards as Wall Street entered a bullish rally with crude oil prices declining while in volatile markets while the focus was on expectations of an interest rate hike by the US Federal Reserve (Fed) at the FOMC meeting early Thursday morning.
On the broader market, investors saw gainers outnumber losers by 305 to 104, while 183 counters were unchanged, 1,719 untraded and 14 suspended.
Total turnover at 190.26 million units worth RM123.38 million.
Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the Wall Street market entered a positive rally including US yields.
He added that the local bourse is expected to experience bargain-hunting activity although sentiment remains cautious and the KLCI is expected to be on track at 1,550 to 1,570 today.
Heavyweights saw Malayan Banking Bhd gain 9 sen at RM8.76, Public Bank Bhd added 2 sen at RM4.50, Petronas Chemicals Group Bhd rose 4 sen at RM9.24, CIMB Group Holdings Bhd gained 7 sen at RM5.16 while IHH Healthcare Bhd remained at RM6.40 and Tenaga Nasional Bhd declined 2 sen at RM9.
Active stocks saw Dagang NeXchange Bhd jump 3.5 sen at 95.5 sen, Hibiscus Petroleum Bhd jumped 4 sen at RM1.06 and Widad Group Bhd added 0.5 sen at 34.5 sen.
On the index board, the FBM Emas index rose 33.16 points at 11,010.69, the FBM Emas Shariah index reached 55.89 points at 11,596.71, FBM 70 jumped 117.61 points at 12,894.65, the FBMT 100 index added 28.35 points at 10,734.55 and FBM ACE reached 66.44 points at 5,205.15.
In terms of sectors, the Products and Services Industry index jumped 1.19 points at 197.38, the Plantation index bloomed 36.7 points at 7,941.28 and the Financial Services index declined 29.72 points at 16,282.83.
