Onshore financial market activities continue to operate effectively

MONDAY, MAY 7 KUALA LUMPUR- Release of Bank Negara's foreign reserves as at 30 April 2018 at 1500 (0700 GMT) KUALA LUMPUR- HSS Engineers Bhd post-Annual General Meeting (AGM) press conference, Pinnacle 1, Level M1, Connexion Conference & Event Centre @ The Vertical, No 8, Jalan Kerinchi, Bangsar South City, Kuala Lumpur at 1215 (0415 GMT)

KUALA LUMPUR: The Malaysian onshore financial markets activities continued to operate effectively during the first week after the general election, recording a healthy daily average FX transaction volume of US$15 billion (US$1 = RM3.97).

The US$/MYR 1-month implied volatility declined to an average of 5.6 per cent for the week compared with a high of 5.9 per cent pre-election, signalling continued investors' confidence in Malaysian markets, said the Financial Market Committee (FMC).

For the week, the ringgit traded range-bound within the 3.94 and 3.98 level, consistent with the performance and expectation of regional currencies, it said in a statement today.

FMC said the government bond market remained supported by domestic institutional investors.

"The yields of 5 and 10-year benchmark Malaysian Government Securities traded up to 10 basis points to record 3.89 per cent and 4.18 per cent, respectively, in line with the rise in US Treasury yields," it added. - Bernama