At 9.05am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 19.22 points at 1,553.34 from Monday's close of 1,572.56.
The index opened 6.11 points weak at 1,566.45.
It opened weak on investor concerns about rising commodity and energy prices since the Russia-Ukraine conflict began.
On the broader market, investors saw losers outpacing gainers by 443 to 50, while 186 counters were unchanged, 1,593 untraded and 11 suspended.
Total turnover at 206.37 million units worth RM107.97 million.
Rakuten Trade Sdn Bhd vice -president of equity research, Thong Pak Leng said the Wall Street market experienced a significant decline while on the local bourse bargin hunting activity was expected to emerge.
Meanwhile, Asian stocks experienced a decline, tracking the Wall Street market amid inflationary concerns from rising commodity prices and the impact on the world economy.
Heavyweights saw Hong Leong Financial Group Bhd fall 32 sen to RM18.74, Petronas Dagangan Bhd fell 36 sen to RM20.44, Tenaga Nasional Bhd (TNB) lost 1 sen to RM8.90, IHH Healthcare Bhd plunged 17 sen to RM6 .28 and Dialog Group Bhd declined 7 sen to RM2.60.
Active stocks saw G3 Global Bhd add 0.5 sen to 8 sen, Dagang NeXchange Bhd (DNeX) fell 5.5 sen to 87.5 sen and TWL Holdings Bhd declined 0.5 sen to 5.5 sen.
On the index board, FBM Emas was down 137.51 points at 10,936.32, FBM 70 was down 149.74 points at 12,608.79, FBMT 100 was down 130.73 points at 10,654.30, FBM ACE was down 87.54 points at 5,961.08 while FBM Emas Shariah was down 171.58 points at 11,654.85.
In terms of sectors, the Products and Services Industry index weakened 3.02 points at 206.55, the Financial Services index contracted 139.66 points at 15,802.06 and the Plantation index declined 190.46 points at 8,171.52.
