At 9.10am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 6.79 points at 1,490.24 from Monday's close of 1,483.45.
It opened upward in the recovery phase from the losses of heavyweights on Monday as investors prepared to move into a better period at the end of the year.
The index opened 1.49 points at 1,484.94.
On the broader market, investors saw gainers outnumber losers by 274 to 127, while 236 counters were unchanged, 1,649 untraded and 20 suspended.
Total turnover at 339.5 million units worth RM151.1 million.
A note issued by Malacca Securities Sdn Bhd noted the positive overnight bounce on Wall Street on the mildly symptomatic Omicron variant may have provided buying support for local equities.
He added that investors may focus on stock values and weighted stocks with the idea of recovery activity while strong crude oil prices may support energy stocks in the near term.
Heavyweights saw Public Bank, Axiata Group Bhd and Tenaga Malaysia Bhd (TNB) up 6 sen at RM3.94, RM3.71 and RM9.08.
Malayan Banking Bhd (Maybank), IHH Healthcare Bhd and Telekom Malaysia (TM) increased 5 sen to RM8.04, RM6.60 and RM5.36.
Meanwhile, Top Glove Bhd declined 12 sen to RM2.45 and Hartalega Holdings Bhd declined 15 sen to RM5.94.
Active stocks saw Sapura Energy Bhd fall 2 sen to 6 sen, Impiana Hotels Bhd added 0.5 sen to 9.5 sen and KNM Group Bhd fell 0.5 sen to 14.5 sen.
On the index board, the FBM Emas index rose 48.97 points at 10,858.91, the FBMT 100 index increased 48.77 points at 10,567.70 and the FBM Emas Shariah index rose 32.60 points at 11,743.63.
FBM 70 jumped 67.24 points at 14,040.13 and FBM ACE drove 20.02 points at 6,233.04.
The Products and Services Industry Index rose 0.35 points at 191.41, the Financial Services index added 85.47 points at 15,053.18 and the Plantation index rose 8.28 points at 6,402.43.
