At 9.25am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.64 points to 1,441.16 from yesterday’s close of 1,437.52.

The benchmark index opened 4.35 points higher at 1,441.87.

On the broader market, gainers led losers 217 to 156, while 223 counters were unchanged, 1,633 not traded and 14 others suspended.

Turnover stood at 303.98 million units worth RM125.26 million.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng expects to see some selective accumulation emerge as the benchmark index hovers within its current support level.

“As such, we anticipate the index to trend around the 1,430-1,450 range today, but plantation stocks may feel the impact of the decline in crude palm oil price, which fell to RM4,460 per tonne as Indonesia raised its export quota,” he added.

Among the heavyweights, Maybank added two sen to RM4.41, CIMB went up a sen to RM5.04 and TNB rose five sen to RM7.96. Petronas Chemicals declined two sen to RM9.10 and Axiata fell a sen to RM2.72.

ACE-market debutant Orgabio advanced three sen or 9.68% to 34 sen with 1.20 million units traded.

Of the active counters, AHB Holdings edged up half-a-sen to 13.5 sen, Metronic and Widad were flat at 9.5 sen and 36.5 sen, respectively, while Opcom eased 3.5 sen to 79.5 sen.

On the index board, the FBM Emas Index widened 29.85 points to 10,255.89, the FBM Emas Shariah Index increased 36.59 points to 10,390.36, the FBM 70 advanced 54.83 points to 12,348.86, the FBMT 100 Index improved 29.76 points to 10,003.72 and the FBM ACE decreased 43.46 points to 4,673.99.

Sector-wise, the Financial Services Index expanded 21.77 points to 16,061.58, the Industrial Products and Services Index inched up 0.37 of-a-point to 180.57, and the Plantation Index strengthened 42.88 points to 6,933.47.