Bursa Malaysia reversed a positive opening with cautious sentiment dominating investors after interest rate hikes in the United States (US).
At the opening, the FBM KLCI index started up 1.39 points at 1,481.78 before falling 6.81 points at 1,476.36 compared to Wednesday's close at 1,483.17.
In the broader market, losses at 153 outpaced gains at 143, while 223 counters were unchanged, 1,754 untraded and 41 suspended.
Total revenue at 137.53 million units worth RM57.63 million.
According to Rakuten Trade Sdn Bhd, Wall Street closed in negative territory after investors took into account the Federal Reserve's (Fed) follow-up statement regarding the prospect of rate hikes.
Following the streak, the local bourse is trading with cautious sentiment and the KLCI index is expected to hover in the range between 1,475-1490.
Heavyweight stocks saw Maybank, Public Bank Bhd and CIMB Group Holdings down 4 sen at RM8.73, RM4.40 and RM5.79, Petronas Chemicals Group Bhd down 3 sen at RM8.47 and Tenaga Nasional Bhd (TNB) down 7 sen. at RM9.27.
Active shares saw NWP Holdings Bhd add 0.5 sen to 21 sen, Nylex (Malaysia) Bhd gained 5 sen to 26.5 sen and Lay Hong Bhd jumped 1 sen to 28 sen while Jade Marvel Group Bhd lost 1 sen to 35 sen and Iris Corp Bhd fell. 0.5 sen at 13.5 sen.
On the index board, the FBM Emas index fell 37.21 points at 10,615.50, the FBMT 100 index fell 39.90 points at 10,316.72, the FBM Emas Shariah index fell 34.59 points at 10,748.32, the FBM 70 index fell 19.40 points at 13,011.13 and the FBM ACE index plunged 18.56 points at 453.59. .
In terms of sectors, the Financial Services index fell 52.52 points at 16,617.05, the Plantation index lost 14.59 points at 6,726.30, the Products and Services index dropped 0.12 points at 181.26, while the Energy index jumped 3.37 points at 798.73.
