November 29, 2024 05:30 GMT
MALAYSIA: Country Wrap: Global Investors Selling Malaysian Equities.
MALAYSIA
- Power utility company Tenaga Nasional has shut 14 substations in the east Malaysian state of Kelantan due to the worsening flood situation there, according to a statement (source: BBG).
- Malaysian equities saw the highest net selling by global investors on Nov. 28 in more than nearly four years. (source: BBG).
- Malaysia’s FTSE Bursa KLCI index is slowly moving into month end, down -0.10% for the day and is on track to finish -0.35% down in a month where economic data was generally good
- MYR is on track to finish better today by +0.15%, but down just over -1.3% for the month.
- Bond yields drifted higher into month end, with the short end underperforming by 2bp. MGS 10-year is set to finish the month at 3.82% a move marginally lower in yield over the month.
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