Malaysian debt securities saw net foreign buying activities in March. Foreign holdings of MYR debt securities increased by RM2.8bn to RM210.1bn in March, equivalent to 15.6%.
Foreign holdings of both MGS and GII increased by RM0.4bn in March to RM165.9bn (Jan: RM165.5bn) and RM18.8bn (Jan: RM18.4bn) respectively. In percentage wise, foreign ownership of MGS increased to 45.6% (Feb: 45.4%; Jan: 45.7%; Dec’17: 45.1%; Nov: 44.3%) while holdings of GII remained at 6.7% (Feb: 6.7%; Jan: 6.9%; Dec: 6.9%; Nov: 6.7%). Although there was an inflow of RM0.8bn to RM184.7bn in foreign ownership of government debt (MGS + GII), percentage wise, total foreign holding in government debt decreased slightly to 28.6% from 28.7% in February due to an increased in total outstanding (Mar: RM645.7bn; Feb: RM640.8bn).
Meanwhile, foreign holdings of discount instruments increased by RM2.4bn to RM9.4bn while foreign holdings of PDS declined by RM0.4bn to RM15.9bn. In combined amounts (inclusive of short-term bills/notes and corporate bonds/sukuk), foreign holding levels in March 2018 were higher by RM2.8bn, bringing total foreign ownership of MYR bonds to RM210.1bn or 15.6%.
As at end-March, there were RM2.8bn inflows (Feb: -RM3.9bn; Jan: +RM4.4bn) from total debt securities while the equity market, saw relatively marginal foreign fund outflows of RM0.06bn in March (Feb: -RM1.1bn; Jan: +3.4bn) as a stronger ringgit provided buffer against global volatility. This means a total portfolio inflow of RM2.74bn for equities and debt securities combined (Feb: -RM5.0bn; Jan: +7.8bn).
Source: BIMB Securities Research - 10 Apr 2018
Created by kltrader | Aug 19, 2024
Created by kltrader | Aug 12, 2024
Created by kltrader | Aug 12, 2024