At 9.05am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 3.59 points at 1,587.67 from Friday's close of 1,591.26.
The index opened 3.19 points weak at 1,588.07.
It opened weak following market sentiment which was in a cautious mood after the United States (US) and China were set to hold a meeting on the Russia-Ukraine crisis.
On the broader market, investors saw gainers outnumber losers by 223 to 146, while 204 counters were unchanged, 1,733 untraded and 28 suspended.
Total turnover at 201.30 million units worth RM111.68 million.
A note from Malacca Securities Sdn Bhd stated that despite the current situation, the bourse is expected to remain optimistic.
He added that investors are focusing on improving prospects regarding the general election.
In addition, oil and gas counters may extend gains with crude oil prices consolidating at US $ 100 a barrel.
Heavyweights saw Malayan Banking Bhd (Maybank) fall 5 sen to RM8.97, Public Bank Bhd fell 7 sen to RM4.62 and Petronas Chemicals Group Bhd lost 1 sen to RM9.39 while IHH Healthcare Bhd added 3 sen to RM6. 40.
Active stocks saw NWP Holdings Bhd, Sapura Energy Bhd and SMTrack Bhd remain at 2.5 sen, 4 sen and 8.5 sen while Nylex (Malaysia) Bhd rose 6.5 sen at 50.5 sen.
On the index board, FBM 70 reached 55.14 points at 13,323.13 and FBM ACE jumped 15.85 points at 5,355.31 while FBM Emas index weakened 18.70 points at 11,249.77, FBM Emas Shariah index declined 8.83 points at 11,809.16 and FBMT 100 index declined 23.39 points at 10,953.33.
In terms of sectors, the Products and Services Industry index declined 0.37 points at 202.97, the Plantation index erased 7.67 points at 7,902.28 and the Financial Services index declined 64.78 points at 16,667.01.
