How are major counters like CelcomDigi and Petronas Chemicals impacting the index?

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Major Counters Mitigate Index Losses as Broader Market Shows Positive Trend

CelcomDigi and Petronas Chemicals have contributed to reducing the FTSE Bursa Malaysia KLCI's losses in mid-afternoon trading. Despite the main index trading lower, the broader market exhibited positive momentum, with more stocks advancing than declining. At 3 PM, the FBM KLCI was down 1.70 points to 1,381.31, a reduction from its opening at 1,385.82 and a recovery from its morning session low of 1,378.06.
Gains in Key Heavyweights Support the Index

CelcomDigi saw an increase of seven sen, reaching RM4.45, and Petronas Chemicals added 10 sen to trade at RM6.59. These movements by significant constituents helped to temper the overall decline of the FBM KLCI. Other heavyweights also registered gains, including Press Metal, which rose eight sen to RM4.78, Petronas Dagangan up 48 sen to RM21.58, and Kuala Lumpur Kepong gaining 42 sen to RM21.44.
Broader Market Outperforms the Main Index

The overall market sentiment was positive, with 420 gainers compared to 376 losers. This indicates that while the benchmark index was under pressure, a larger number of individual stocks were experiencing upward price movements. Technology, healthcare, and industrial products and services sectors also showed signs of mild recovery.
Index Performance Throughout the Day

The FBM KLCI opened 2.81 points higher at 1,385.82. However, it moved into negative territory during the morning session, closing at 1,378.06, a decline of 4.95 points. By mid-afternoon, the index had recovered some ground, narrowing its losses to 1.70 points at 1,381.31 by 3 PM.
Sectoral Movements Show Mixed Performance

While the FBM KLCI experienced a slight downturn, several sub-indices registered gains. The Industrial Products and Services Index increased by 1.27 points to 160.05, the Energy Index strengthened by 3.97 points to 810.65, and the Plantation Index widened by 44.55 points to 6,651.34. Conversely, the Financial Services Index narrowed by 99.46 points to 15,093.83.

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How are major counters like CelcomDigi and Petronas Chemicals impacting the index?

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