At 9am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 12.34 points at 1,471.39 from Wednesday's close of 1,459.05.
The index opened 10.05 points strong at 1,469.10.
The bourse opened on green territory, tracking Wall Street’s overnight rally following the United States Federal Reserve’s (Fed) announcement of a 75 basis -point interest rate hike in curbing inflation.
On the broader market, investors saw gainers at 344 outpacing losers at 89, while 214 counters were unchanged, 1,632 untraded and 13 suspended.
Total turnover stood at 268.39 million units worth RM154.83 million.
A note from Public Investment Bank Bhd noted that US equities and government bond prices rebounded after 5 sessions of losses after the Fed's announcement yesterday that spilled over into the local bourse.
Heavyweights saw Malayan Banking Bhd (Maybank) gain 5 sen at RM8.68, Public Bank Bhd added 2 sen at RM4.50, Petronas Chemicals Group Bhd advanced 8 sen at RM9.61, IHH Healthcare Bhd rose 6 sen at RM6. 25 and CIMB Group Holdings Bhd added 7 sen to RM5.03.
Active stocks saw Jade Marvel Group Bhd rise 1 sen at 91.5 sen, LGMS Bhd added 4.5 sen at 81.5 sen, Dagang NeXchange Bhd (DNeX) jumped 2.5 sen at 90 sen and Unitrade Industries Bhd collected 1 sen at 29.5 sen.
On the index board, the FBM Emas index rose 83.21 points at 10,514.97, the FBM Emas Shariah index drove 88.39 points at 10,705.57, FBM 70 recovered 95.97 points at 12,735.32, FBM ACE reached 40.10 points at 4,928.77 and the FBMT 100 index added 83.80 points at 10,237.83.
In terms of sector, the Financial Services index jumped 120.29 points at 16,288.36, the Plantation index added 39.32 points at 7,421.82 and the Products and Services Industry index expanded 1.82 at 189.17.
