November 21, 2024 05:16 GMT
MALAYSIA: Country Wrap: Malaysia China’s Second Biggest Oil Supplier.
MALAYSIA
- Data released from China customs yesterday show that Malaysia has replaced Saudi Arabia as China’s second largest supplier of oil, behind Russia (source: BBG)
- Palm oil declined on weaker prices of rival soybean oil and worries that exports of the tropical commodity from the second-largest grower Malaysia will disappoint this month (source: BBG).
- Malaysia’s FTSE Bursa Malaysia KLCI lacked direction today finishing flat on yesterday’s closing level.
- MYR – whilst the USD had a positive night, the MYR bucked that off today to rally up +0.13%.
- Bonds: MGS bonds performed well today with all maturities seeing lower yields. 10-year MGS was the best performer down 5bps to 3.815%
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