Bursa Malaysia started the trading session after the National Day holiday with profit-taking activity from last Tuesday's gains, in addition to the factor of anxious sentiment on Wall Street overflowing into the local market.
At 9am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 15.14 points at 1,496.91 from Tuesday's close of 1,512.05.
The index opened 14.04 points lower at 1,498.01.
In the broader market, losers at 286 outpaced gainers at 96, while 216 counters were unchanged, 1,690 untraded and 20 suspended.
Total revenue at 232.37 million units worth RM134.28 million.
Malacca Securities Sdn Bhd's Note Comment Although the Bursa index traded positively last Tuesday, the sentiment of concern continues to haunt investors with the expectation of an aggressive rate hike by the Federal Reserve contaminating the market's uncertainty.
Based on these factors, the market is expected to trade low until the FOMC meeting at the end of the month.
Heavyweight stocks saw Malayan Banking Bhd (Maybank) down 4 sen at RM8.93, Public Bank Bhd down 6 sen at RM4.65 and Petronas Chemicals Group Bhd down 15 sen at RM8.65 while CIMB Group Holdings Bhd added 3 sen at RM5 .40 while IHH Healthcare Bhd remained at RM6.20.
Active shares showed Hibiscus Petroleum Bhd down 4 sen at RM1.02 and UMediC Group Bhd up 1.5 sen at 69 sen while MNC Wireless Bhd remained at 1 sen, Serba Dinamik Holdings Bhd flat 3 sen and Ta Win Holdings Bhd intact at 7 sen.
On the index board, the FBM Emas index decreased by 99.98 points at 10,597.67, the FBMT 100 index decreased by 100.44 points at 10,348.99, the FBM 70 decreased by 105.26 points at 12,607.18, the FBM ACE index decreased by 56.42 points at 4,854.02 and the FBM Emas Shariah Index decreased by 122.26 points at 12,091.
In terms of sectors, the Plantation index weakened by 39.32 points at 7,154.35, the Products and Services index decreased by 2.18 points at 180.02, the Energy index decreased by 11.59 points at 716.95 and the Financial Services index declined by 101.68 points at 16,700.24.
