At 9.05am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 4.72 points at 1,581.42 from Wednesday's close of 1,586.14.
The index opened 0.58 points lower at 1,585.56.
It opened retreating from yesterday's gains amid market sentiment in concern as well as taking weak signals on Wall Street.
On the broader market, investors saw losers outpacing gainers by 243 to 192, while 202 counters were unchanged, 1,701 untraded and 35 suspended.
Total turnover at 127.61 million units worth RM92.96 million.
Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the Russia-Ukraine crisis caused the Wall Street market to shrink to new record lows.
Despite the decline, the local bourse is expected to maintain the trend at the level of 1,580-1595 today.
He added that oil and gas counters continued to be in the spotlight with Brent crude rising US $ 97 a barrel and mint oil prices closing at RM6,500 a barrel.
Maybank heavyweights lost 2 sen at RM8.75, Public Bank; CIMB and IHH Healthcare fell 3 sen to RM4.33; RM5.52 and RM6.27 while Petronas Chemiclas declined 5 sen to RM9.18.
Active stocks saw Dagang Nexchange down 2 sen at RM1.19 while Jag Bhd added 0.5 sen at 36.5 sen and Jaya Tiasa up 2.5 sen at 91.5 sen.
On the index board, FBM Emas was down 33.45 points at 11,295.45, FBM Emas Shariah was down 33.05 points at 11,999.24, FBM ACE was down 41.27 points at 6,056.82, FBM 70 was down 35.30 points at 13,481.89 and FBMT 100 was down 35.00 points at 10,961.34.
In terms of sector, the Products and Services Industry index declined 0.93 points at 208.85, the Malay Financial Services index 37.72 points at 16,301.48 and the Plantation index bloomed 24.18 points at 7,894.22.
