The Bursa Malaysia trading session showed a surge to open positive following the recovery in market sentiment and tracking Wall Street's encouraging performance on the back of strong corporate earnings reports.
At 9am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 8.58 points at 1,437.34 from Tuesday's close of 1,428.76.
The index opened 1.26 points strong at 1,430.02.
On the broader market, gainers at 324 outnumbered losers at 94, while 190 counters were unchanged, 1,680 untraded and 7 suspended.
Total turnover at 386.1 million units worth RM141.24 million.
Commenting on Malacca Securities Sdn Bhd's note, the technology sector is expected to recover amid excessive buying interest in technology stocks following Wall Street's strong rebound.
In addition, the firm expects trade to emerge in the energy sector during the rebound in crude oil prices and recovery -themed stocks driven by interest in the consumer, transport and logistics sectors.
Heavyweights saw Malayan Banking Bhd rise 3 sen at RM8.59, Public Bank Bhd added 2 sen at RM4.42, Petronas Chemicals Group Bhd reached 13 sen at RM8.43, IHH Healthcare Bhd collected 1 sen at RM6.43 while CIMB Group Holdings Bhd was down 1 sen at RM5.09.
Active stocks saw Metronic Global Bhd and AHB Holdings Bhd rise 0.5 sen at 9 sen and 14.5 sen, Dagang NeXchange Bhd jumped 2 sen at 75 sen, Sapura Energy Bhd declined 0.5 sen at 4 sen while MMAG Holdings Bhd remained at 5 sen.
On the index board, the FBM Emas Index rose 58.68 points at 10,190.71, the FBM Emas Shariah index added 74.55 points at 10,290.99, FBM 70 jumped 125.39 points at 12,253.82, the FBMT 100 index expanded 55.57 points at 9,951.48 and FBM ACE drove 79.442.72 points at 4,672.72.
In terms of sector, the Plantation index added 51.46 points at 6,812.59, the Financial Services index reached 43.11 points at 16,048.52, the Energy index jumped 11.3 points at 636.81 and the Products and Services Industry index jumped 1.44 points at 172.36.
