Trading on Bursa Malaysia today opened slightly higher but experienced a decline after that due to profit taking activities on selected heavyweights.
At 9.28am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) index plunged 6.53 points to 1,497.91 from 1,504.44 at the close on Wednesday.
Bernama reported that the index opened 0.85 points better at 1,505.29.
On the broader market, losers outnumbered gainers by 354 to 169, while 318 counters were unchanged, 1,373 untraded and 21 others suspended.
Turnover stood at 553.52 million units worth RM297.07 million.
Malacca Securities said that market sentiment could still be affected by political developments in Malaysia and the escalation of the Covid-19 case.
He added that buying interest is likely to be seen at glove manufacturers' counters as the daily Covid-19 case still remains on the rise.
In addition, the Malaysian Rubber Council (MRC) noted double -digit growth in 2021 in terms of increasing demand for rubber gloves.
For heavyweights, Maybank dropped three sen to RM8. Public Bank declined one sen to RM3.95 and TNB declined four sen to RM9.69.
Meanwhile, Petronas Chemicals and IHH Healthcare fell six sen each to RM7.95 and RM5.76 respectively.
For active stocks, Dagang NeXchange Bhd declined half -a -sen to 81 sen, Globatec Formation declined 3.5 sen to 69.5 sen, while Serba Dinamik rose one sen to 41 sen and KNM Group rose half -a -sen to 19.5 sen.
On the index board, the FBM ACE fell 9.89 points to 7,132.71, the FBM 70 fell 48.77 points to 14,573.35 and the FBMT 100 Index fell 43.86 points to 10,709.27.
The FBM Emas Shariah Index declined 50.05 points to 12,069.5 and the FBM Emas Index declined 41.39 points to 10,994.75.
By sector, the Financial Services Index fell 31.56 points to 14,759.46, the Industrial Products and Services Index fell 1.49 points to 187.8 and the Plantation Index plunged 20.54 points to 6,127.06.
