At 9am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 7.88 points at 1,473.40 from Tuesday's close of 1,481.28.
The index opened 0.40 points weaker at 1,480.88.
The bourse failed to continue the profit momentum gained on Tuesday to open lower early in today’s morning trading session with investors continuing to remain cautious amid relatively mixed market sentiment.
On the broader market, investors saw losers at 181 outpacing gainers at 117, while 211 counters were unchanged, 1,770 untraded and 9 suspended.
Total turnover at 184.58 million units worth RM69.5 million.
Malacca Securities Sdn Bhd's note explained that local bourse sentiment remained weak ahead of the interest rate hike decision by the Federal Open Market Committee (FOMC) meeting early tomorrow morning, at 2am local time.
In the meantime, investors may be looking for bargain-hunting opportunities in the real estate investment trust, consumer stocks and banking sectors.
Heavyweights saw Malayan Banking Bhd (Maybank) down 1 sen at RM8.67, Public Bank Bhd lost 2 sen at RM4.49, Petronas Chemicals Group Bhd remained at RM9.66 and IHH Healthcare Bhd fell 4 sen at RM6.26 while CIMB Group Holdings Bhd rose 2 sen to RM5.01.
Active stocks saw Sapura Energy Bhd rise 0.5 sen at 5 sen, Unitrade Industries Bhd was down 0.5 sen at 29.5 sen and LGMS Bhd added 2 sen at 80 sen while Fintec Global Bhd was flat at 1 sen.
On the index board, the FBM Emas index weakened 40.84 points at 10,530.73, the FBM Emas Shariah index declined 47.22 points at 10,755.99, FBM 70 drove 8.70 points at 12,730.24, the FBM ACE declined 3.92 points at 4,935.66 and the FBMT 100 index declined 40.327 points at 10,24.
In terms of sectors, the Financial Services index declined 34.11 points at 16,219.79, the Plantation index declined 25.19 points at 7,525.12 and the Products and Services Industry index weakened 1.09 points at 189.35.
