At 9.52am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 0.87 points at 1,483.77 from Thursday's close of 1,484.64.
It opened lower following a weak performance on U.S. equities led by the sale of technology shares and consumer discretion.
The index opened 0.79 points at 1,485.43.
On the broader market, investors saw losers outnumber gainers by 175 to 111, while 185 counters were unchanged, 1,855 untraded and 43 suspended.
Total turnover at 111.54 million units worth RM61.16 million.
A note issued by Malacca Securities Sdn Bhd said the US stock market slumped after the decision to raise rates by the Bank of England (BoE) made market players worried.
He added that investors continued to be cautious in digesting the tapering acceleration results for bond purchases issued by the more hawkish Federal Open Market Committee (FOMC).
Moreover, the firm said investors are still in a cautious tone especially for technology stocks.
Heavyweights saw Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd fall 3 sen each to RM8.08 and RM5.20 respectively while IHH Healthcare Bhd rose 6 sen to RM6.56 and public Bank Bhd, Petronas CHemicals Group Bhd ( PetChem) and Tenaga Nasional Bhd (TNB) remained at RM4.03, RM8.68 and RM9.24.
Active stocks saw ATA IMS Bhd fall 1 sen to 67 sen, Fast Energy Holdings Bhd rose 3 sen to 3.5 sen, Hwa Tai Industrial Bhd added 5 sen to 72 sen and KNM Group Bhd jumped 1 sen to 15 sen while Ta Win Holdings Bhd remained 12.5 sen.
On the index board, the FBM Emas index was down 11.95 points at 10,817.72, the FBMT 100 index was down 9.09 points at 10,513.74 and the FBM Emas Shariah index was down 11.17 points at 11,626.59.
FBM 70 lost 23.72 points at 13,936.34 and FBM ACE lost 29.52 points at 6,248.59.
The Products and Services Industry Index declined 0.32 points at 194.41, the Financial Services index lost 23.06 points at 15,198.53 and the Plantation index declined 3.79 points at 6,355.37.
