Thank you very much , The Investors(July 2023 to remember) 💓

 July 2023 definitely another moment to remember when foreign investors pumped in RM 12.7 billion into debt and equities, the largest monthly foreign portfolio inflows since March 2016, according to a report by UOB Economist Loke Siew Ting.July marks the seventh straight month of net foreign purchases and the longest buying streak since late 2020.Non resident inflows were in both equities(RM 1.4 billion) and Malaysian debt securities(RM 11.3 billion).

Cumulatively , foreign portfolio inflows totalled RM 29.6 billion in the first seven months of 2023 (Jan-July 2022: RM 600 million) , purely boosted by foreign buying of Malaysian debt securities(Jan-July 2023:+RM 32.4 billion , Jan-July 2022:-RM 6.8 billion) as equities recorded an outflow of RM 2.8 billion so far this year (Jan-July 2022:+RM 6.2 billion).

July 26, the Fed appears to be less hawkish , raising market bets that that it may not follow through with the last 25 bps hike Federal Open Market Committee members projected for this year.

The rating agency noted that the stronger demand saw the benchmark 10 year Malaysian Governement Securities(MGS) yield failing 4.8 bps m-o-m to 3.84 per cent as of end-July while the Ringgit appreciated to 4.54 against the US Dollar (end -June : 4.68).As of Aug 15, the 10 - year MGS yield stood at 3.88 per cent while the Ringgit stood at 4.63 per US Dollar.

Thank you very much again for The Investors from the variety of field for your continuous trust and all the best for you and your team.Have a nice day.