At 9am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 1.86 points at 1,585.28 from Tuesday's close of 1,583.42.
The index opened 2.13 points strong at 1,585.55.
It opened higher as bargain-hunting activity took place in the wake of a positive performance on Wall Street as investors celebrated the good progress of Russia-Ukraine negotiations.
On the broader market, investors saw gainers outpacing losers by 192 to 123, while 193 counters were unchanged, 1,784 untraded and 88 suspended.
Total turnover at 2.4 million units worth RM1.87 million.
Note Malacca Securities Sdn Bhd expects a comprehensive recovery on the local bourse to take place with investors likely to focus on recovery -themed stocks such as the consumer, finance, tourism and aviation sectors ahead of the reopening of the border this Friday.
In addition, investors may shy away from the energy and plantation sectors as crude palm oil prices are still in range mode while technology stocks may track the Nasdaq’s positive overnight performance.
Heavyweights saw Malayan Banking Bhd rise 3 sen at RM8.93, Public Bank Bhd and CIMB Group Holdings Bhd added 1 sen at RM4.64 and RM5.33 while Petronas Chemicals Group Bhd lost 2 sen at RM9.56 and IHH Healthcare Bhd remained at RM6.19.
Active stocks saw Sapura Energy Bhd and BSL Corp Bhd down 0.5 sen at 3.5 sen and 16.5 sen while CSH Alliance Bhd, SMTrack Bhd, Pasukhas Group Bhd and Widad Group Bhd remained at 15 sen, 8 sen, 2 sen and 35.5 sen.
On the index board, FBM 70 recovered 93.63 points at 13,719.07, FBM Emas index gained 25 points at 11,343.88, FBM Emas Shariah index rebounded 20.43 points at 11,914.75, FBMT 100 index drove 27.54 points at 11,029.76 and FBM ACE rose 54.75 points at 5,613.75.
In terms of sector, the Products and Services Industry index decreased 0.25 points at 203.9 and the Plantation index decreased 10.81 points at 7,976.91 while the Financial Services index added 52.95 points at 16,720.3.