Peak in capital market net inflows


Kenanga IB said foreign investors turned net buyers of Malaysian bonds in August with inflows of RM15.9bil.

KUALA LUMPUR: Malaysia’s capital market recorded a 15-month-high net inflow of RM13.9bil in August 2026, reversing from a net outflow of RM5.3bil in July, driven mainly by a sharp reversal in bond flows.

Kenanga Investment Bank Bhd (Kenanga IB) said foreign investors turned net buyers of Malaysian bonds in August with inflows of RM15.9bil, the third-largest monthly inflow on record and the highest since September 2013 versus July’s RM5.6bil net outflow.

“Global duration repricing amid heightened United States fiscal concerns drove the reversal; Malaysia’s resilient domestic fundamentals supported the shift into local debt,” it said in a note yesterday.

Kenanga IB said total foreign holdings rose to RM320.1bil in August 2026 from RM304.2bil in the previous month, lifting foreign ownership of total outstanding debt to 13.5% from 12.9% in July 2026.

“The recovery in Malaysian Government Securities holdings, however, remained partial at RM235.2bil, still below June’s RM237.6bil,” it said.

On equities, it said foreign investors turned net sellers in August 2026, recording outflows of RM2bil against RM300mil in July, with selling concentrated in the financial, industrial and technology sectors. — Bernama

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