At 9.05am, the KLCI was up 3.70 points to 1,048.18. Turnover was 28.84 million shares valued at RM27.64 million. Gainers led losers 102 to 19, while 36 counters traded unchanged.

Among the major gainers were KL Kepong Bhd, United Plantations Bhd and Asiatic Development Bhd. KLK added 20 sen to RM12.10, while United Plantations and Asiatic gained 10 sen each to RM12.80 and RM5.55.

John Master Industries, which yesterday proposed to sell its entire business and undertakings via a tender process, added 21.5 sen to 70.5 sen.

The company also proposed a capital repayment via a capital reduction exercise and/or cancellation of retained earnings and/or share premium reserves.

Other gainers in early trade included Mahajaya, Berjaya Land, LCL Corporation, EON Capital and RHB Capital.

Samchem, which made an impressive debut on Bursa Malaysia yesterday, continued its run and was up 1.5 sen to 91.5 sen with 27.12 million shares traded.

KNM was the most actively traded stock with 39.9 million shares done. The stock added one sen to 81.5 sen. Other actively traded stocks included Resorts, LCTH, Talam, Scomi, UEM Land and LCL.

Among losers, Panasonic fell 10 sen to RM11.90; Parkson down 6 sen to RM4.80, C Works lost 4.5 sen to 9 sen, while KPJ and Proton fell two sen each to RM3.10 and RM2.61, respectively.