KUALA LUMPUR: Bursa Malaysia opened higher on Wednesday but retreated shortly after, weighed down by selling activity in selected heavyweight counters, led by financial services and industrial products and services.

At 9.11am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 3.68 points to 1,629.67 from Tuesday’s close of 1,633.35. The index opened 0.19 points higher at 1,633.54.

However, on the broader market, gainers outpaced decliners 221 to 180, with 306 counters unchanged, 2,083 untraded and 13 suspended.

Turnover stood at 327.37 million units worth RM150.56 million.

Hong Leong Bank eased 10 sen to RM21.98, CIMB slid 15 sen to RM7.55, and Press Metal Aluminium fell six sen to RM7.13. These three counters collectively pulled down the composite index by a combined 7.23 points.