At 9am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 2.99 points at 1,439.69 from Friday's close of 1,436.70.
The index opened 2.12 points strong at 1,438.82.
The exchange started the trading session at the beginning of the week well following last week’s Wall Street rally, where all three major indices ended brilliantly, to open higher.
On the broader market, gainers at 198 outpaced losers at 99, while 189 counters were unchanged, 1,822 untraded and 55 suspended.
Total turnover at 169.15 million units worth RM58.65 million.
Rakuten Trade Sdn Bhd's vice president of equity research, Thong Pak Leng, said the local bourse had restored moderate bargain-hunting activity as a result of strong Wall Street rally support at the end of last week.
As a result, the KLCI is expected to recover today to be at 1,430-1,445.
Meanwhile, the Malacca Securities note expects the technology sector to continue to be the focus of attention to make a rally based rebound on the Nasdaq that may spill over into the local region.
Heavyweights saw Malayan Banking Bhd (Maybank) up 4 sen at RM8.64 and Public Bank Bhd added 1 sen at RM4.44 while Petronas Chemicals Group Bhd fell 7 sen at RM9.18, CIMB Group Holdings Bhd lost 1 sen at RM4 .89 and Tenaga Nasional Bhd (TNB) fell 5 sen to RM8.14 while IHH Healthcare Bhd remained at RM6.42.
Active stocks saw Green Packet Bhd and Reach Energy Bhd advance 1 sen at 7.5 sen and 9.5 sen while Cypark Resources Bhd and ATA IMS Bhd rose 1.5 sen at 48 sen and 35.5 sen.
On the index board, the FBM Emas index strengthened 34.37 points at 10,291.76, FBM 70 reached 88.00 points at 12,532.15, FBM Emas Shariah index collected 27.47 points at 10,442.11 and FBMT 100 index expanded 32.61 points at 10,030.79 while FBM ACE added 44.98 points at 4,814.57.
In terms of sector, the Financial Services index rose 60.58 points at 16,025.03 while the Plantation index added 0.69 points at 6,918.42 and the Products and Services Industry index rose 0.33 points at 183.70.
