At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 25.34 points to 1591.91.

The index opened 1.41 points lower at 1,615.84 compared with yesterday’s close of 1,617.25.

On the broader market, gainers surpassed losers 940 to 213, while 315 counters were unchanged, 616 untraded and 12 others suspended.

Total volume stood at 3.77 billion units worth RM2.29 billion.

Banking stocks dragged the heavyweight counters down, with Maybank losing 17 sen to RM8.02 and Public Bank 56 sen to RM19.72.

Tenaga Nasional Bhd went down 14 sen to RM10.10, PetChem dropped 18 sen to RM7.12, and Top Glove and IHH two sen to RM6.41 and RM5.58, respectively.

Only Sime Darby, TM and Press Metal were on positive note, gaining five sen to RM2.33, 10 sen to RM5.61 and one sen to RM8.26, respectively.

Among the active stocks, Hubline, AT Systematization and Lambo were flat at five sen, 17.5 sen and three sen, respectively.

On the index board, the FBM Emas Index surrendered 173.95 points to 11,374.53, the FBMT 100 Index lost 175.74 points to 11,137.32, and the FBM Emas Shariah Index dropped 125.09 points to 12,945.60.

The FBM ACE narrowed 142.23 points to 10,216.81 and the FBM 70 depreciated 218.28 points to 14,214.80.

Sector-wise, the Financial Services Index was down 372.71 points to 14,458.70, the Industrial Products and Services Index dropped 2.59 points to 169.41 and the Plantation Index fell 65.90 points to 7,417.67.