At 10.01am, the FBM KLCI was down 11.40 points at 1,615.61.
Market breadth was tepid with 551 losers and 311 gainers, while 354 counters traded unchanged. Trading volume was 1.73 billion shares valued at RM840.78 million.
The top losers included Nestle (Malaysia) Bhd, Heineken Malaysia Bhd, Kuala Lumpur Kepong Bhd (KLK), Euro Holdings Bhd, PPB Group Bhd, Hong Leong Bank Bhd (HLB), Asia File Corp Bhd, Malaysia Airports Holdings Bhd (MAHB) and Hong Leong Capital Bhd.
The actively traded stocks included Pegasus Heights Bhd, XOX Bhd, PNE PCB Bhd, Kanger International Bhd and AT Systematization Bhd.
The gainers included Malaysian Pacific Industries Bhd, Kobay Technology Bhd, JF Technology Bhd, PMB Technology Bhd, UWC Bhd, Dutch Lady Milk Industries Bhd and G3 Global Bhd.
At 9.05am, the FBM KLCI rose 5.42 points to 1,642.11.
The early gainers included Malaysian Pacific Industries Bhd, Public Bank, Kuala Lumpur Kepong Bhd, UWC Bhd, Asia File Corp Bhd, Hong Leong Bank Bhd, ViTrox Corp Bhd, Toyo Ventures Holdings Bhd and Carlsberg Brewery Malaysia Bhd.
Bloomberg said Treasury yields retained their recent declines amid optimism the American economy will continue to benefit from government support.
Asian shares opened with small losses, it said.
Rakuten Trade said Wall Street were mixed amid recent record run as traders remain sidelined.
It said the Dow Jones Industrial Average closed flat at 30,060 with the tech heavy Nasdaq closed 56 points higher at almost the 13,130 mark.
The stocks with negative momentum were:
Asia File Corp Bhd up five sen at RM2.16
BSL Corp Bhd up two sen at 69.5 sen
Formosa Prosonic Industries Bhd up 16 sen at RM2.5
Inari Amertron Bhd up 11 sen at RM2.86
Pineapple Resources Bhd down 3.5 sen at 45 sen
Toyo Ventures Holdings Bhd up 37 sen at RM2.7
Xian Leng Holdings Bhd up 4.5 sen at 75.5 sen
YBS International Bhd up 2.5 sen at 21 sen
The stocks with positive momentum were:
KPower Bhd up 22 sen at RM2.44
PRG Holdings Bhd up three sen at 22.5 sen
Sarawak Consolidated Industries Bhd up nine sen at RM1.68
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.