At 9am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 5.63 points at 1,451.11 from Friday's close of 1,456.74.
The index opened 2.34 points weak at 1,454.40.
The bourse opened weaker earlier in the week with investors remaining cautious after seeing Wall Street’s overnight performance mixed all the way to regional markets.
On the broader market, investors saw losers at 179 outnumber gainers at 92, while 200 counters were unchanged, 1,813 untraded and 18 suspended.
Total turnover at 188.42 million units worth RM81.12 million.
Rakuten Trade Sdn, vice president of equity research, Thong Pak Leng said bargain-hunting activity would emerge based on the current valuation of the index and the KLCI is expected to be at 1,450-1,470.
Heavyweights saw Malayan Banking Bhd (Maybank) lose 15 sen at RM8.73, Public Bank Bhd down 1 sen at RM4.48, Petronas Chemicals Group Bhd bud 2 sen at RM9.50 and IHH Healthcare Bhd down 6 sen at RM6. 22 while CIMB Group Holdings Bhd remained at RM4.92.
Active stocks saw SFP Tech Holdings Bhd add 34.5 sen at 64.5 sen, Dagang NeXchange Bhd (DNeX) and LKL International Bhd lost 1.5 sen at 79.5 sen and 4.5 sen while MQ Technology Bhd declined 0.5 sen at 3.5 sen while KNM Group Bhd remained at 13.5 sen. sen.
On the index board, the FBM Emas index decreased 35.78 points at 10,362.09, the FBM Emas Shariah index declined 21.74 points at 10,504.75, FBM 70 declined 32.55 points at 12,581.86, FBM ACE contracted 27.37 points at 4,806.61 and the FBMT 100 index declined 36.08 points at 10,100.93.
In terms of sectors, the Financial Services index weakened 101.68 points at 16,204.15, the Plantation index lost 34.16 points at 7,184.07 and the Products and Services Industry index declined 0.89 points at 185.42.
