At 9.05am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 10.11 points at 1,581.43 from Wednesday's close of 1,571.32.
The index opened 6.24 points strong at 1,577.56.
It opened ‘green’ after tracking gains on Wall Street that soared following the US Federal Reserve’s (Fed) announcement of an interest rate hike to curb inflation.
On the broader market, investors saw gainers outnumber losers by 336 to 85, while 185 counters were unchanged, 2,310 untraded and 40 suspended.
Total turnover at 175.14 million units worth RM155.16 million.
Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said investors were digesting the 25 basis point increase by the Fed at the FOMC meeting earlier this morning.
He added that the local bourse is expected to continue its bargain-hunting activities due to the cheap valuation of local stocks and the continued inflow of foreign investors, meanwhile, the KLCI is expected to be in trend at 1,565 to 1,585 today.
Heavyweights saw Malayan Banking Bhd rise 5 sen to RM8.95, Public Bank Bhd added 3 sen to RM4.55, Petronas Chemicals Group Bhd advanced 10 sen to RM9.41, IHH Healthcare Bhd jumped 3 sen to RM6.40, CIMB Group Holdings Bhd gained 4 sen at RM5.34 and Tenaga Nasional Bhd gained 1 sen at RM9.11.
Active stocks saw Dagang NeXchange Bhd up 3 sen at RM1.03 while ATA IMS Bhd was flat at 39.5 sen and NWP Holdings Bhd was down 0.5 at 26 sen.
On the index board, the FBM Emas index strengthened 83.57 points at 11,206.37, the FBM Emas Shariah index jumped 85.67 points at 11,793.83, the FBM 70 drove 162.72 points at 13,252.94, the FBMT 100 index gained 83.63 points at 10,920.75 and the FBM ACE reached 55.9 points at 5.5.9 points.
In terms of sectors, the Products and Services Industry index jumped 0.78 points at 200.94, the Plantation index expanded 33.63 points at 7,974.83 and the Financial Services index added 117.87 points at 16,586.3.
