Bursa Malaysia started this week's trading session with a low opening with market sentiment continuing to be risky as Wall Street's performance ended weak last Friday.
At 9am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 16.29 points at 1,484 from Friday's close of 1,500.29.
The index opened 13.77 points lower at 1,496.38.
In the broader market, losers at 494 outnumbered gainers at 47, while 152 counters were unchanged, 1,666 untraded and 81 suspended.
Total revenue at 200.45 million units worth RM105.12 million.
Nota Malacca Securities Sdn Bhd comments, the local bourse is expected to experience extensive selling following the decline on Wall Street after Federal Reserve (Fed) Chairman Jerome Powell gave a hawkish speech.
Meanwhile, firms underlined technology stocks may lose interest as there is a resurgence of concerns over the implications of global high interest rates.
As a result, sectors that may be in focus are consumer stocks, real estate investment trusts, building materials, utilities and banking.
Heavyweight stocks saw Maybank and Public Bank down 3 sen at RM8.88 and RM4.60, Petronas Chemicals down 1 sen at RM8.68, CIMB down 11 sen at RM3.35 and IHH Healthcare down 2 sen at RM6.35.
Active shares saw Dagang NeXchange Bhd (DNeX) down 3 sen at 84.5 sen, warrant Serba Dinamik Holdings Bhd fell 0.5 sen at 1.5 sen and Agmo Holdings Bhd fell 2 sen at 87.5 sen while Borneo Oil Bhd remained at 2.5 sen and VinVest Capital Holdings Bhd flat at 19.5 sen.
On the index board, the FBM Emas index fell 132.52 points at 10,516.32, the FBMT 100 index lost 123.74 points at 10,269.62, the FBM 70 fell 195.69 points at 12,550.46, the FBM ACE declined 123.37 points at 4,833.0 and the FBM Emas Shariah Index lost 161.05 points at 190.98.
In terms of sectors, the Plantation index weakened by 65.90 points at 6,988.44, the Products and Services index decreased by 2.57 points at 179.61, the Financial Services index decreased by 117.62 points at 16,606.07 and the Energy index decreased by 14.24 points at 713.20.
