KUALA LUMPUR: Bursa Malaysia retreated to open lower on Tuesday, tracking Wall Street’s mixed performance overnight as persistent geopolitical uncertainties and rebounding oil prices weighed on market sentiment.

Malacca Securities expects cautious sentiment to prevail on the local bourse, with investors likely to remain selective in positioning themselves for stocks that could benefit from Budget 2027.

At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 6.21 points, or 0.38%, to 1,611.80 from yesterday’s close of 1,618.01. The index opened 1.39 points weaker at 1,616.62.

Across the broader market, losers outnumbered gainers 293 to 125, while 274 counters were unchanged, 2,134 were untraded, and 21 were suspended.