There was a total of RM18bil of portfolio outflows in March. As foreign net selling of equities amounted to RM5.6bil, the foreign holdings of ringgit bonds might have declined by RM12.4bil in March.
KUALA LUMPUR: Foreign outflows from ringgit bonds might have totaled RM12.4bil in March, based on Bank Negara Malaysia’s annual report data, Maybank Investment Bank Research said.
It said on Monday there was a total of RM18bil of portfolio outflows in March. As foreign net selling of equities amounted to RM5.6bil, the foreign holdings of ringgit bonds might have declined by RM12.4bil in March.
“No breakdown of flows by debt instrument is available currently. For illustration, if we attribute the RM12.4bil total outflows based on a ratio of 75%/15%/5%/5% to MGS/GII/PDS/Discount Instruments respectively, this translates into outflows of -RM9.3bil/-RM1.9bil/-RM600m/-RM600milrespectively.
“Based on the same set of assumptions, the foreign share of MGS could have dropped to 37.6% (Feb: 39.6%),” it said.
Limited time offer:
Just RM5 per month.
