At 9am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 5.54 points at 1,554.72 from Monday's close of 1,549.18.
The index opened strong 2.37 points at 1,551.55.
The bourse was seen making a surprise bounce from Monday's losses as it opened higher following bargain-hunting activity.
On the broader market, investors saw losers at 470 outpacing gainers at 120, while 241 counters were unchanged, 1,412 untraded and 14 suspended.
Total turnover at 444.24 million units worth RM212.97 million.
Rakuten Trade Sdn Bhd vice-president of equity research, Thong Pak Leng, said that although the market was expecting bargain-hunting activity, market sentiment remained cautious due to high uncertainty in regional markets.
He added that the KLCI index is expected to be at 1,540-1,555 today based on yesterday's closing index at 1,550 due to continued buying in foreign funds.
Heavyweights saw Petronas Gas Bhd add 28 sen to RM17.16, Public Bank Bhd rose 8 sen to RM4.64, PPB Group Bhd advanced 30 sen to RM16.68 and Hartalega Holdings Bhd gained 11 sen to RM4.39.
Active stocks saw Serba Dinamik Holdings Bhd bud 2.5 sen at 8.5 sen, Ta Win Holdings Bhd remained at 13 sen and Pertama Digital Bhd added 0.5 sen at 94 sen while Hibiscus Petroleum Bhd lost 5 sen at RM1.32.
On the index board, FBM ACE declined 33.59 points at 5,349.42, FBM 70 declined 40.47 points at 13,184.08 and FBM Emas Shariah index declined 12.25 points at 11,515.72 while FBMT 100 index drove 21.93 points at 10,766.23 and FBM Emas index jumped 3.83 points at 11,087.44.
In terms of sector, the Financial Services index gained 52.67 points at 16,660.71, the Products and Services Industry index declined 1.76 points at 198.43 and the Plantation index declined 48.79 points at 8,202.64.
