The FBM KLCI rose in morning trade amid positive regional sentiment tracking Wall Street's overnight recovery.
At 3.15pm, the index rose 2.41 points to 1,606.45 after trading in a seven-point range of 1,601.02 to 1,608.88.
Meanwhile, the broader market was positive with 442 gains compared to 374 losses after 1.75 billion shares changed hands at RM995.81 million.
According to a Reuters report, Asian markets are rising after US bond yields and the US dollar retreated from multi-month highs ahead of President Donald Trump's cabinet picks.
Rakuten Trade Sdn Bhd's vice president of equity research, Thong Pak Leng stated that the latest comments by Federal Reserve (Fed) chairman Jerome Powell show that there is no urgent need to adjust interest rates based on a robust economy and strong labor market.
However, Thong noted that overall market sentiment in Hong Kong remains fragile following the lackluster stimulus package announced recently.
Among heavyweight stocks, Tenaga Nasional added 2.0 sen to RM14.38, while Public Bank lost 3.0 sen to RM4.47.
Maybank and CIMB both slipped 6.0 sen to RM10.28 and RM8.15, while IHH Healthcare was unchanged at RM7.22.
