PETALING JAYA: Foreign appetite for Malaysian Government Securities (MGS) is increasing, pointing to more positive investor sentiments and rising investor confidence in the country’s economic performance as well as expectations that the ringgit will appreciate further.
Foreign holdings of MGS have doubled to a record RM62bil as at end-July from a year ago, reaching 24.4% of the total outstanding amount of RM254.4bil. By contrast, foreign holdings amounted to 16.9% at the end 2009 and 13.7% in 2008.
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