KUALA LUMPUR: Bursa Malaysia ended the morning session higher, with bargain-hunting pushing the benchmark index above the 1,630 points level at midday.
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 8.46 points to 1,630.53 from Monday's close of 1,622.07.
The index opened 3.16 points higher at 1,625.23 and fluctuated between 1,625.23 and 1,630.88 during the morning session.
In the broader market, gainers outpaced losers 630 to 385, while 460 counters remained unchanged, 996 untraded, and 16 suspended.
Total turnover amounted to 2.53 billion units valued at RM1.66 billion.
Apex Securities Research said local markets were dampened by renewed volatility yesterday with the key index languishing largely in the red that was impacted by the renewed uncertainty in the US Presidential election.
"Following yesterday's slump, we expect a mild recovery to emerge as investors take the opportunity to bargain hunt beaten down stocks," it said in a note.
Among the heavyweights, Malayan Banking Bhd added 2.0 sen to RM10.08, CIMB Group Holdings Bhd rose 9.0 sen to RM7.21, and IHH Healthcare Group Bhd gained 4.0 sen to RM6.30.
Among the actives, Well Chip Group Bhd rose 56.0 sen to RM1.71, Velocity Capital Partner Bhd and Hubline Bhd edged up 1.0 sen each to 6.5 sen and 11.5 sen, respectively, and Velesto Energy Bhd increased half-a-sen to 23.5 sen.