February 10, 2025 05:49 GMT
MALAYSIA: Country Wrap: Minister Optimistic on Trade.
MALAYSIA
- Malaysia is optimistic its total trade will remain above 2 trillion ringgit ($450 billion) this year as the economy is set to expand, Bernama reported, citing Trade Minister Zafrul Aziz. Malaysia will continue to see trade growth even if global conditions worsen, with a potential slowdown in China’s economy and shifts in US policy, Zafrul was quoted as saying (source: BBG)
- The pace of foreign outflows from Bursa Malaysia slowed to RM169.4mil in the week ended Feb 7, 2025, a bout a third of the net exit of RM503.3mil in the prior week. However, foreign investors continued to be net sellers on every trading day of the week except Friday, said MIDF Research in its weekly fund flow report. (source: The Star)
- Following last week's gain of +2.18%, Malaysia’s FTSE Bursa KLCI is staring the week on a softer note, down -0.12%.
- MYR: with tariff headlines abounding, the ringgit has been under pressure all day, weaker by -0.62 at 4.4677.
- Bonds: MGS continue their period of inactivity with the MSG 10YR unchanged at 3.821%
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