At 9am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 0.95 points at 1,554.36 from Wednesday's close of 1,553.41.
The index opened 1.31 points strong at 1,554.72.
The bourse made a rebound from yesterday’s close to open slightly higher today as a result of new buying impetus at selected heavyweights despite weak regional market sentiment.
On the broader market, investors saw losers at 124 outpacing gainers at 122, while 232 counters were unchanged, 1,765 untraded and 17 suspended.
Total turnover at 169.34 million units worth RM54.66 million.
A note from Malacca Securities Sdn Bhd noted that although the KLCI returned gains, global inflationary pressures that would dampen the economic recovery continued to be a concern.
As a result, local investors were seen trading cautiously following the overnight decline on Wall Street with selected tech stocks being the focus due to strong quarterly yields.
Heavyweights saw Malayan Banking Bhd (Maybank) add 6 sen to RM8.95, Public Bank Bhd rose 2 sen to RM4.65, IHH Healthcare Bhd and CIMB Group Holdings Bhd gained 1 sen to RM6.51 and RM5.21 respectively while Petronas Chemicals Group Bhd lost 4 sen at RM10.02.
Active stocks saw Sapura Energy Bhd decline 0.5 sen to 6.5 sen, Dolphin International Bhd rose 1 sen to 6.5 sen while Fast Energy Holdings Bhd, KNM Group Bhd and Cypark Resources Bhd remained at 4.5 sen, 15 sen and 39 sen.
On the index board, FBM ACE peaked 6.05 points at 5,189.70, FBM Emas Shariah index declined 2.78 points at 11,410.72, FBM Emas index drove 3.66 points at 11,074.55, FBMT 100 index collected 5.48 points at 10,774.27 and FBM 70 reached 2.19 points at 13,236.82.
In terms of sectors, the Products and Services Industry index weakened 0.77 points at 199.89 while the Plantation index rose 27.09 points at 7,963.64 and the Financial Services index jumped 26.20 points at 16,772.79.
