At 9am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 1.39 points at 1,603.22 from Monday's close of 1,604.61.
The index opened 0.74 points weaker at 1,603.87.
It opened lower extending yesterday’s losses as bearish sentiment remained in the market after tracking Wall Street’s overnight performance.
On the broader market, investors saw losers at 270 outpacing gainers at 96, while 216 counters were unchanged, 1,671 untraded and 132 suspended.
Total turnover at 232.23 million units worth RM85.87 million.
A note from Malacca Securities Sdn Bhd said investors are expected to invest in risk-off sentiment following Wall Street's negative performance especially after a sell-off session on technology stocks which caused bond yields to rise.
In addition, the recovery-themed sector is seen to benefit from the decline in Covid-19 cases in Malaysia.
Heavyweights saw Malayan Banking Bhd (Maybank) rise 1 sen to RM8.86 and Petronas Chemicals Group Bhd added 10 sen to RM10.30 while Public Bank Bhd fell 1 sen to RM4.66 and IHH Healthcare Bhd and CIMB Group Holdings Bhd remained at RM6.40 and RM5.33.
Active stocks saw CSH Alliance Bhd and Vortex Consolidated Bhd add 1 sen at 15 sen and 17.5 sen, China Ouhua Winery Holdings Ltd hit 0.5 at 9 sen, ATA IMS Bhd rose 3.5 sen at 47 sen and Vsolar Group Bhd remained at 1 sen.
On the index board, the FBMT 100 index lost 21.78 points at 11,121.77, the FBM Emas index weakened 23.59 points at 11,464.36, the FBM Emas Shariah index declined 33.75 points at 12,081.43, the FBM 70 declined 76.49 points at 13,699.99 and the FBM ACE plunged 30.19 points at 5,764.30.
In terms of sectors, the Products and Services Industry index weakened 0.49 points at 213.59, the Financial Services index declined 3.47 points at 16,752.39 while the Plantation index rose 23.24 points at 8,498.20.
