At 9am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 4.52 points at 1,598.27 from Wednesday's close of 1,593.75.
The index opened 4.64 points strong at 1,598.39.
It opened higher for the 2nd day in a row as a result of continued bargain-hunting activity during Wall Street’s mixed overnight performance.
On the broader market, investors saw gainers at 199 outpacing losers at 147, while 262 counters were unchanged, 1,665 untraded and 16 suspended.
Total turnover at 250.01 million units worth RM82.06 million.
Note Malacca Securities Sdn Bhd expects technology stocks to likely reverse recent gains due to the weak performance of the Nasdaq.
He added that investors also monitor other catalysts such as the reopening of borders, rising commodity prices as well as the recovery of construction activities before making decisions.
Heavyweights saw Maybank, Public Bank Bhd and Press Metal Aluminum Holdings Bhd add 2 sen at RM8.82, RM4.67 and RM6.57, IHH Healthcare Bhd gained 1 sen at RM6.53 while Petronas Chemicals Group Bhd lost 2 sen at RM10.28.
Active stocks saw Vizione Holdings Bhd rise 1.5 sen at 11.5 sen while its warrants remained at 2.5 sen, Fitters Diversified Bhd declined 1 sen at 13 sen, Techna-X Bhd lost 0.5 sen at 10.5 sen and OCR Group Bhd remained at 13 sen.
On the index board, the FBMT 100 index added 27.72 points at 11,122.01, the FBM Emas index strengthened 27.22 points at 11,477.2, the FBM Emas Shariah index reached 19.27 points at 12,150.84, the FBM 70 gained 19.41 points at 13,841.53 while the FBM ACE shrank 31.24 points at 5,778.65.
In terms of sectors, the Products and Services Industry index rose 0.22 points at 215.40, the Financial Services index 64.58 points at 16,642.98 and the Plantation index accumulated 33.57 points at 8,640.95.
