Investors' cautious sentiment ahead of the presentation of the 2023 Budget made Bursa Malaysia sell off in the early hours of the morning.
According to Malacca Securities Sdn Bhd, the uncertainty of the market and the Budget presentation factor have made investors angry.
Based on these factors, the local stock exchange index saw investors take profits early in the morning based on yesterday's positive performance.
As a result, the FTSE KLCI index (FBM KLCI) was down 7.63 points at 1,412.80 from Thursday's close of 1,420.43 with a good opening of 1.36 points at 1,421.79.
In the broader market, losses at 322 outpaced gains at 188, while 291 counters were unchanged, 1,546 untraded and 7 suspended.
Total revenue at 701.26 million units worth RM331.42 million.
Heavyweight stocks saw Maybank and IHH Healthcare Bhd fall 4 sen to RM8.63 and RM5.77, Petronas Chemicals Group Bhd lost 2 sen to RM8.62 while Public Bank Bhd added 2 sen to RM4.27 and CIMB Group Holdings Bhd gained 3 sen at RM5.29.
Active shares showed Vinvest Capital Holdings Bhd up 0.5 sen at 18.5 sen, Top Glove Corp Bhd less 0.5 sen at 67.5 sen, Citaglobal Bhd down 1.5 sen at 27.5 sen while MMAG Holdings Bhd remained 2.5 sen and Serba Dinamik Holdings Bhd flat 2 sen.
On the index board, FBM Emas fell 41.61 points at 10,091.98, FBM 70 fell 9.15 points at 12,299.72, FBMT 100 lost 42.22 points at 9,843.78, FBM Emas Shariah lost 66.51 points at 10,130.62 and FBM ACE plunged 27.45 points at 4,716.21.
In terms of sectors, the Financial Services index fell 47.06 points at 16,073.96, the Products and Services index was down 0.57 points at 174.15, the Plantation index was down 33.50 points at 6,528.64 and the Energy index was down 3.99 points at 694.31.
