Bargain-hunting activities before the FOMC and Bank Negara Malaysia (BNM) meetings as well as the strengthening of oil prices pushed the positive value of Bursa Malaysia.
At the opening, the FBM KLCI index started 5.06 points at 1,450.98 before rising 4.50 points at 1,450.42 compared to Tuesday's close at 1,445.92.
In the broader market, gains at 120 outpaced losses at 103, while 191 counters were unchanged, 1,904 untraded and 13 suspended.
Total turnover at 93.89 million units worth RM45.59 million.
According to Rakuten Trade Sdn Bhd, the stock market experienced a 20-point decline over the past 2 trading sessions, but the cautious sentiment did not pollute the bargain-hunting activities of investors before important meetings.
Heavyweight stocks saw Maybank and Sime Darby Plantation Bhd reach 2 sen at RM8.56 and RM4.35 while Public Bank Bhd and MISC Bhd remained at RM4.41 and RM7.20 while Hong Leong Bank Bhd fell 6 sen at RM20.82.
Active shares saw Shin Yang Shipping Corp Bhd down 2 sen at 87 sen, KNM Group Bhd added 0.5 sen to 4.5 sen and Hibiscus Petroleum Bhd rose 1.5 sen to RM1.01 while SNS Network Technology Bhd remained flat at 23.5 sen and MNC Wireless Bhd was flat at 1 cent.
On the index board, FBM Emas index gained 26.52 points at 10,293.65, FBM 70 reached 16.61 points at 12,225.19, FBMT 100 index jumped 27.05 points at 10,029.17, FBM Emas Shariah index added 27.03 points at 10,362.73 and FBM ACE fell 0.10 points at 12,878.
In terms of sectors, the Energy index added 3.32 points to 698.82, the Financial Services index fell 29.49 points to 16,341.79, the Products and Services index jumped 0.76 points to 175.43 and the Plantation index was strong 30.21 points to 6,823.14.
