The local market retreated after tracking Wall Street's weak performance overnight ahead of the FOMC meeting in the United States (US).
At the opening, the FBM KLCI index opened 2.74 points at 1,457.64 before falling 5.73 points at 1,454.65 compared to Friday's close at 1,460.38.
In the broader market, losses at 130 outpaced gains at 115, while 215 counters were unchanged, 1,844 untraded and 13 suspended.
Total revenue at 172.69 million units worth RM49.75 million.
According to Malacca Securities Sdn Bhd, based on last week's rally the Wall Sreet market experienced profit-taking activity which is expected to spill over to the local exchange.
Based on that factor, investors are expected to focus on election-themed stocks and position themselves on government-related companies.
Heavyweight stocks saw Maybank remain at RM8.59 while IHH Healthcare Bhd flat at RM5.95, CIMB Group Holdings Bhd and Tenaga Nasional Bhd (TNB) down 2 sen at RM5.50 and RM8.40 while Petronas Chemicals Group Bhd added 1 sen. at RM8.73.
Active stocks showed Advance Synergy Bhd down 1 sen at 7 sen, Top Glove Corp Bhd down 0.5 sen at 79 sen and Serba Dinamik Holdings Bhd, Alam Maritim Resources Bhd and Tanco Holdings Bhd remained at 2 sen, 3 sen and 37.5 sen.
On the index board, the FBM Emas index decreased by 32.04 points at 10,318.80, FBM 70 decreased by 22.76 points at 12,243.97, the FBMT 100 Index lost 34.73 points at 10,055.19, the FBM Emas Shariah index decreased by 29.09 points at 10,382.02 while the FBM ACE gained 9.28 points at 21,868.
In terms of sectors, the Energy index dropped 4.22 points to 694.28, the Financial Services index contracted 67.42 points to 16,399.26, the Products and Services index fell 0.37 points to 175.43 while the Plantation index gained 9.92 points to 6,889.84.
