Moderate selling activity in the banking, plantation and telecommunications sectors disrupted the excellent performance of the local bourse.
At the opening, the FBM KLCI index opened 0.45 points at 1,454.54 before falling 0.52 points at 1,453.57 compared to yesterday's close at 1,454.09.
In the broader market, gains at 135 offset losses at 103, while 207 counters were unchanged, 1,924 untraded and 83 suspended.
Total revenue at 87 million units worth RM39 million.
According to Malacca Securities Sdn Bhd, the effects of interest rate hikes in Europe and negative Wall Street sentiment are expected to spill over to the local stock market with the index expected to hover around 1,450-1,470 today.
Heavyweight stocks saw Maybank and Axiata Group Bhd down 2 sen at RM8.66 and RM2.74, Maxis Bhd and Kuala Lumpur Kepong Bhd (KLK) down 6 sen at RM3.74 and RM22.14 while Petronas Gas Bhd lost 14 sen at RM17.02 and Digi.Com Bhd less 5 sen at RM3.70.
In addition, IHH Healthcare Bhd rose 8 sen to RM6 while MR DIY Group (M) Bhd, Tenaga Nasional Bhd (TNB) and Hartalega Holdings Bhd gained 2 sen to RM1.98, RM8.31 and RM2.10.
Active shares saw Top Builders Capital Bhd lose 1 sen to 2 sen, UEM Sunrise Bhd fell 0.5 sen to 20.5 sen and SNS Network Technology Bhd advanced 0.5 sen to 24.5 sen.
On the index board, FBM Emas index fell 2.58 points at 10,310.99, FBM 70 added 10.76 points at 12,261.92, FBMT 100 index lost 0.71 points at 10,052.88, FBM Emas Shariah index fell 1.32 points at 10,345.41 and FBM ACE budged 20.60 points at 4,842.59.
In terms of sectors, the Financial Services index lost 11.49 points at 16,468.42, the Energy index fell 2.04 points at 699.63, the Products and Services index fell 0.1 points at 175.27 and the Plantation index dropped 3.96 points at 6,915.09.
