Bursa Malaysia showed bargain-hunting activity in the early morning after experiencing a selling session at the beginning of the week due to widespread market uncertainty.
According to Malacca Securities Sdn Bhd, investors are seen looking for defensive consumer stocks especially with market uncertainty ahead of the release of United States (US) inflation data.
In addition, the local bourse is also expected to experience the same situation due to the absence of new positive catalysts.
Nevertheless, the FTSE KLCI index (FBM KLCI) was up 0.94 points at 1,387.76 from Tuesday's close of 1,386.82 with a good opening of 1.46 points at 1,388.28.
In the broader market, gains at 166 outpaced losses at 109, while 208 counters were unchanged, 1,875 untraded and 17 suspended.
Total revenue at 142.22 million units worth RM63.98 million.
Heavyweight stocks saw Maybank rise 4 sen to RM8.48, Public Bank Bhd gained 2 sen to RM4.22 and CIMB Group Holdings Bhd jumped 1 sen to RM5.30 while Petronas Chemicals Group Bhd lost 2 sen to RM8.57 and IHH Healthcare Bhd fell 6 sen to RM5.59.
Active shares saw Privasia Technology Bhd up 2 sen at 13 sen, Tanco Holdings Bhd flat at 30 sen and Vinvest Capital Holdings Bhd remained at 19.5 sen while SNS Network Technology Bhd added 0.5 sen at 25 sen and Impiana Hotels Bhd gained 0.5 sen at 2 sen. .
On the index board, FBM Emas reached 9.8 points at 9,910.67, FBM 70 rose 17.9 points at 12,050.67, FBMT 100 gained 8.4 points at 9,663.39, FBM Emas Shariah lost 15.38 points at 9,895.4 and FBM ACE added 3.72 points at 4,656.56.
In terms of sectors, the Financial Services index rose 60.37 points at 15,945.51, the Products and Services index was down 0.48 points at 170.11, the Plantation index was down 20.04 points at 6,355.71 and the Energy index was down 2.95 points at 672.81.
Meanwhile, the ringgit traded flat at 4.6720/6760 against the dollar from a close of 4.6720/6745.
