Malaysian bonds see record monthly net foreign outflow at RM4.1b — analysts

image-20220808110104-1Malaysian bonds recorded the highest monthly net foreign outflow of RM4.1 billion in June 2022 amid global risk-off sentiment as investors weighed the impact of US interest rate hikes to fight inflation and strength of the US dollar, according to analysts.

由于投资者权衡美国加息以对抗通胀和美元走强的影响,全球避险情绪导致马来西亚债券在 2022 年 6 月创下 41 亿令吉的月度外国净流出最高纪录,据分析师称。

 

The net foreign outflow of RM4.1 billion in June completely offset the cumulative net foreign inflow of RM911 million recorded from January to May 2022, according to Malaysian Rating Corp Bhd (MARC).

根据马来西亚评级公司(MARC)的数据,6 月份 41 亿令吉的外国净流出完全抵消了 2022 年 1 月至 2022 年 5 月记录的 9.11 亿令吉的累计外国净流入。

 

"As such, the cumulative foreign flows currently stand in the negative territory at RM3.2 billion, last seen in June 2020," MARC wrote in a note on 2nd Aug .

因此,目前累计外国流量处于负值区域,为 32 亿令吉,最后一次出现是在 2020 年 6 月,”MARC 在8 月 2 日的一份报告中写道。

 

Maybank Investment Bank Bhd analyst Wong Chew Hann said in a note on 3 Aug that foreign funds pulled out RM4.1 billion from ringgit-denominated bonds in June compared to the estimated RM500 milllion foreign money inflow in May.

 

马银行投资银行分析师Wong Chew Hann在8月3日的一份报告中表示,外国资金在6月份从以令吉计价的债券中撤出41亿令吉,而5月份估计有5亿令吉的外国资金流入。

 

This trimmed total foreign holdings to RM253.3 billion as at end-June, Wong said.

Wong说,截至6月底,这将外国总持股量减少至2533亿令吉。

 

The June outflows were primarily from Government Investment Issues (GII) of RM3.4 billion and Malaysian Government Securities (MGS) of RM900 million.

6 月份的资金流出主要来自 34 亿令吉的政府投资问题(GII)和 9 亿令吉的马来西亚政府证券(MGS)。

 

"The share of foreign holdings fell to 9.2% for GII (May: 10.1%), 36.5% for MGS (May: 37.4%) and 23.9% for MGS+GII (May: 24.7%)," Wong said.

外国持股比例下降至 GII 的 9.2%(5 月:10.1%)、MGS 的 36.5%(5 月:37.4%)和 MGS+GII 的 23.9%(5 月:24.7%),”Wong 说。

 

"Including the RM1.3 billion of foreign net sell in [Malaysian] equities in June, total portfolio flow was –RM5.4 billion (May: +RM0.6 billion). For [January-June] 2022, total portfolio flow was a smaller +RM2.9 billion (2021: +RM30.4 billion)," Wong added.

包括 6 月份 [马来西亚] 股票的 13 亿令吉外国净卖出,总投资组合流量为 – 54 亿令吉(5 月:+6 亿令吉)。2022 年 [1 月至 6 月],总投资组合流量为较小的+29亿令吉(2021年:+304亿令吉),”Wong补充道。