KUALA LUMPUR - Share prices on Bursa Malaysia opened sharply lower in early trade this morning and in tracking its regional peers, as concerns over China's slowing growth continued to dominate investors sentiment, dealers said.
At 9.10 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,546.97, down 27.70 points, after opening 21.42 points lower at 1,553.25.
Losers outpaced gainers 447 to 42, while 90 counters remained unchanged, 1,222 untraded and 10 others suspended.
Turnover stood at 217.96 million shares worth RM89.16 million.
A dealer said China's plan to move its main state pension fund into the stock market - the latest attempt to stop the slide on the bourse - triggered deeper concerns over the health of the world's second largest economy.
On the scoreboard, the FBM Emas Index fell 180.95 points to 10,614.02, the FBMT100 Index was down 183.01 points to 10,346.76, and the FBM Emas Shariah Index dropped 180.78 points to 11,009.11.
The FBM 70 declined 192.30 points to 11,343.89 and the FBM Ace depreciated 138.23 points to 5,072.50.
On a sectoral basis, the Finance Index slid 256.34 points to 13,875.98, the Industrial Index shed 27.24 points for 2,999.25