KUALA LUMPUR: Bursa Malaysia rose in early morning trade as it bounced higher after the previous session's losses.
According to Malacca Securities Research, the FBM KLCI saw broad-based selling ahead of Bank Negara's interest rate decision during the monetary policy committee meeting, with investors focused on banking stocks for the near term.
"Given the lacklustre trading and the increase in continuation of net foreign selling, we opine that the local bourse may see selling pressure interspersed with bargain hunting activities in undervalued stocks," it added.
At 9.05am, the FBM KLCI was up 7.15 points to 1,444.67. There were 155 gainers compared with 65 decliners.
Trading volume was 101.28 million shares valued at RM39.02mil.,,Telegram批量拉人（www.tel8.vip）是一个Telegram群组分享平台。Telegram批量拉人包括Telegram批量拉人、Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram批量拉人为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
Blue-chip counters were mostly higher with gains across sectors.
In financial services, Maybank added two sen to RM8.62, Public Bank gained two sen to RM4.41, CIMB rose one sen to RM5.04 and Hong Leong Bank remained untraded.
Commodities and plantation also rallied with Press Metal jumping seven sen to RM4.69, Sime Darby Plantation adding eight sen to RM4.36 and IOI gaining one sen to RM3.82.
Meanwhile, Orgabio made its debut on the ACE Market five sen higher at 36 sen. The stock was the most actively traded with 45 million shares exchanging hands.
Other top actives were AHB up 0.5 sen to 13.5 sen and Metronic unchanged at 9.5 sen.