KUALA LUMPUR: Bank Negara Malaysia’s international reserves increased to US$101.5 billion (RM428.9 billion) as at end October. The reserves position is sufficient to finance 7.6 months of retained imports and is 1.1 times the short-term external debt. She also pointed out that foreigners turned sellers of domestic bonds (RM2.8 billion sold in October) and equities (RM0.2 billion sold in October). Most of the bonds were concentrated in Malaysia Government Securities or MGS (RM3.5 billion) and private debt securities (RM0.6 billion). In the case of equities, foreigners were net sellers of equities for the third straight month (RM0.2 billion sold in October) though year-to-date foreigners remained net buyers (RM9.9 billion in Jan-Oct).

Source: New Strait Times November 07, 2017 13:07 UTC