Malaysia: Foreign Portfolio inflows remained firm in May – UOB – by pabspiovano Malaysia Portfolio Banks
UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting review the latest foreign portfolio figures in Malaysia.Foreign portfolio inflows persisted for the fifth straight month in May with an increase to MYR2.2bn . It was purely driven by net foreign purchases of Malaysian debt securities as equity space continued to face foreign selling pressures for the ninth consecutive month . This brought year-todate foreign portfolio inflows higher to MYR13.
Going forward, we continue to see challenges for capital flows into emerging markets including Malaysia. This is mainly premised on weaker-thanexpected China economic data releases in recent months, implying a softer economic recovery path; renewed expectations of a Fed rate hike by Jul and lower bets on a Fed rate cut in 2H23; as well as uncertainty surrounding Malaysia’s six state elections amid ongoing geopolitical risks.
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