At 9.05am, country's benchmark index was up 0.8 points to 1,556.06.
After a decline over five straight sessions, the market appears due for a rebound amid an inflow of foreign funds.
Month-to-date foreign investors have recorded a net purchase of RM904.6mil in local equities, suggesting that the relaxation of the country's SOPs under the National Recovery Plan has rekindled foreign participation on the stock exchange.
On Wednesday, offshore funds were net buyers of RM76.9mil in Bursa equities. Local retailers recorded RM7mil net purchases while local institutions net sold RM83.9mil.
From a technical standpoint, Malacca Securities Research suggested the market was turning more negative as the daily moving average convergence/divergence (MACD) histogram extended a red bar, while the relative strength index (RSI) hovered below the 50% level.
"The FBM KLCI fell below the EMA120 level as the key index continued hovering below the 1,560 level," it said.
It pegged resistance to 1,580-1,600 and support at 1,535.
In early Friday trading, Press Metal
dragged on the market as it shed seven sen to RM5.67 in early trade.While most banks remained untraded, Hong Leong Bank fell 16 sen to RM18.62.
Among telcos, Digi dropped six sen to RM4.44.
Glove stocks rebounded as Top Glove retraced five sen to RM3.25 while Hartalega
climbed four sen to RM6.29.Other decliners included Petronas Dagangan down 14 sen to RM19.64 and Kuala Lumpur Kepong sliding 12 sen to RM20.38.
Top actives included KTG
up 0.5 sen to 14.5 sen, Emico rising 2.5 sne to 55 sen and PUC unchanged at 14.5 sen.