Following Wall Street's performance of 3 consecutive sessions of losses, Bursa Malaysia continued to open weak with negative sentiment dominating the market.
According to Malacca Securities Sdn Bhd, the local market is expected to remain in a cautious mood in a downward trend based on the current performance of Wall Street.
Even so, firms feel positive about the banking, telecommunications, solar, construction and building materials sectors which are expected to see purchases by Budget 2023.
Meanwhile, the FTSE KLCI index (FBM KLCI) was down 0.96 points at 1,438.20 from Thursday's close of 1,439.16 with a weak opening of 0.05 points at 1,439.11.
In the broader market, gains at 119 outpaced losses at 102, while 174 counters were unchanged, 2,003 untraded and 9 suspended.
Total revenue at 76.16 million units worth RM37.42 million.
Heavyweight stocks saw Public Bank Bhd down 1 sen at RM4.38, Petronas Chemicals Group Bhd down 4 sen at RM8.46, IHH Healthcare Bhd down 5 sen at RM5.95 while Maybank gained 1 sen at RM8.72 and CIMB Group Holdings Bhd remained at RM5.38.
Active shares saw Resintech Bhd and Cnergenz Bhd gain 2 sen to 56 sen and RM1.04, Resintech jumped 0.5 sen to 15 sen and Jentayu Sustainables Bhd added 1 sen to 55.5 sen while China Automobile Parts Holdings Ltd remained at 0.5 sen.
On the index board, FBM Emas jumped 0.13 points at 10,293.68 and FBM 70 gained 5.5 points at 12,559.8 while FBMT 100 lost 4.04 points at 10,028.21, FBM Emas Shariah fell 5.20 points at 10,353.02 and FBM ACE fell 20.52 points at 4,798.13.
In terms of sectors, the Energy index recovered 5.22 points at 725.09, the Plantation index jumped 6.05 points at 6,850.74, the Financial Services index reached 11 points at 16,345.45 and the Products and Services index gained 0.33 points at 174.57.
Meanwhile, the ringgit fell at 4.5670/5710 against the dollar at 4.5660/5695 at Thursday's close.
