At 9am the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 0.56 points at 1,597.35 from Tuesday's close of 1,596.79.
The index opened 0.67 points weaker at 1,596.12.
It opened weak then turned positive in mixed mood and obscured cautious investor sentiment after tracking Wall Street’s weak overnight performance.
On the broader market, investors saw losers outpacing gainers by 217 to 114, while 287 counters were unchanged, 1,618 untraded and 13 suspended.
Total turnover at 200.07 million units worth RM87.97 million.
A note from Malacca Securities Sdn Bhd stated that the KLCI is expected to face a weak session with profit -taking activity on heavyweights of banking and telecommunications.
In addition, they expect the reopening of international borders to benefit the economy with consumer counters, banking, transportation and aviation being the focus.
Meanwhile, investors are seen focusing on the 15th General Election even though there is still no fixed date, which will give an edge to the construction and building materials sectors.
Heavyweights saw Malayan Banking Bhd (Maybank) add 1 sen at RM8.87, IHH Healhcare Bhd gained 1 sen at RM6.28 and CIMB Group Holdings Bhd collected 2 sen at RM5.29 while Public Bank Bhd and Petronas Chemicals Group Bhd remained at RM4.70 and RM9.85.
Active stocks saw Dagang NeXchange Bhd (DNeX) fall 2 sen at RM1.09, Sapura Energy Bhd lost 0.5 sen at 4 sen, Techna-X Bhd rose 0.5 sen at 9 sen and Pappajack Bhd added 1 sen at 50.5 sen while SMTrack Bhd remained flat. at 8 cents.
On the index board, the FBMT 100 index declined 10.39 points at 11,138.67, the FBM Emas index cut 11.73 points at 11,481.89, the FBM Emas Shariah index declined 25.11 points at 12,114.87, the FBM 70 declined 70.88 points and 13,956.14 and the FBM ACE declined 13.72 points at 5,850.80.
In terms of sector, the Products and Services Industry index rose 0.14 points at 209.94 while the Financial Services index reached 7.07 points at 16,727.03 while the Plantation index contracted 1.09 points at 8,172.18.
