At 9.10am, the key index declined by 2.85 points to 1,422.94 from Friday’s close of 1,425.79. It opened 0.40 of-a-point higher at 1,426.19.
The market was closed yesterday for the replacement holiday of Hari Raya Aidiladha.
On the broader market, losers surpassed gainers 226 to 105, while 193 counters were unchanged, 1,716 not traded and eight others suspended.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Wall Street traders were on cautious mode as they await the earnings season which is expected to kick off later this week.
On the home front, he said, the FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to remain in consolidation mode after the index edged higher last Friday due to some bargain-hunting activities.
“Therefore, we anticipate the benchmark index to hover within the 1,415-1,430 range today,” he said.
Among the heavyweights, Maybank gained a sen to RM8.63, IHH Healthcare added four sen to RM6.40, Tenaga Nasional gained a sen to RM7.93, while Public Bank and Petronas Chemicals eased two sen to RM4.38 and RM8.45 respectively, and CIMB was down three sen to RM5.11.
As for the actives, TWL lost 1.5 sen to five sen, Metronic rose 5.5 sen to 15 sen, Top Glove added a sen to RM1.00, Aturmaju Resources inched down half-a-sen to 10.5 sen and Dagang NeXchange fell a sen to 75.5 sen.
On the index board, the FBM Emas Index went down 23.65 points to 10,112.88, the FBM Emas Shariah Index shaved off 28.27 points to 10,165.65, the FBM 70 was 37.13 points lower at 12,159.18, the FBMT 100 Index contracted 22.20 points to 9,870.88, and the FBM ACE dropped 48.72 points to 4,619.09.
Sector-wise, the financial services index declined 21.39 points to 16,055.73, the industrial products and services index was 1.03 points lower at 171.80, the energy index gave up 8.04 points to 628.40 and the plantation index weakened 1.90 points to 6,632.96.
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