At 9am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 2.77 points at 1,584.59 from Thursday's close of 1,587.36.
The index opened 0.93 points strong at 1,588.29.
It opened higher then retreated after tracking the weak performance of the Wall Street market in the wake of the ongoing war in Ukraine while rising interest rates continued to cloud market sentiment.
On the broader market, investors saw losers outpacing gainers by 234 to 99, while 229 counters were unchanged, 1,674 untraded and 35 suspended.
Total turnover at 180.92 million units worth RM78.86 million.
Rakuten Trade Sdn Bhd vice-president of equity research, Thong Pak Leng said market sentiment remained cautious as there were no new catalysts.
In addition, they expect the index to be at 1,580-1,595 today.
Heavyweights saw Malayan Banking Bhd (Maybank) fall 1 sen to RM8.93, Public Bank Bhd and IHH Healhcare BHd lost 2 sen to RM4.65 and RM6.18 and Petronas Chemicals Group Bhd declined 5 sen to RM9.55.
Nestlé (Malaysia) Bhd collected 50 sen at RM134.10, PPB Group Bhd drove 10 sen at RM17.20 and Kuala Lumpur Kepong Bhd (KLK) added 4 sen at RM25.24 while Tenaga Nasional Bhd (TNB) and Axiata Group Bhd remained at RM9 and RM3.79.
Active stocks saw Pappajack Bhd add 7.5 sen at 37.5 sen, MQ Technology Bhd, Vinest Capital Holdings Bhd and Jade Marvel Group Bhd declined 0.5 sen at 4.5 sen, 23 sen and 79.5 sen while TWL Holdings Bhd rose 0.5 sen at 7.5 sen.
On the index board, FBM 70 decreased 34.29 points at 13,819.18, FBMT 100 index declined 21.18 points at 11,044.93, FBM Emas index contracted 23.26 points at 11,364.06 and FBM Emas Shariah index decreased 33.04 points at 11,910.31 while FBM ACE increased 0.80 points at 5,619.62.
In terms of sector, the Products and Services Industry index lost 0.30 points at 205.14 while the Plantation index cut 19.79 points at 7,933.19 while the Financial Services index rose 1.96 points at 16,780.55.
