Foreign demand hit a six-month high in November as domestic momentum strengthened
Foreign investors extended their buying streak in November, lifting net inflows into Malaysian bonds to RM6.1b (Oct: RM4.4b), the strongest gain in six months. Rising allocations to Malaysian Government Securities (MGS) and firmer demand for Corporate Bond and Sukuk (CBS) reflected confidence in Malaysia’s solid economic footing
- Foreign holdings rose to RM297.8b (Oct: RM291.7b), increasing their share of total outstanding debt to 13.3% (Oct: 13.1%).
- Key drivers: The momentum drew strength from Bank Negara Malaysia’s (BNM) steady policy stance, with the OPR held at 2.75% and from a more resilient ringgit. Macro indicators reinforced the narrative: industrial activity firmed, retail data pointed to sustained demand, and unemployment held at 3.0%. 3Q25 GDP grew 5.2%, while exports in October surged 15.7%, comfortably beating expectations. Approved investments reached MYR285.2b in the first nine months, signalling durable capital formation. Inflation remained stable, and Malaysia’s push to deepen ties with India, Botswana, and South Africa added a further tailwind.
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