Financial market in orderly state: BNM

PETALING JAYA: Bank Negara Malaysia (BNM) said the domestic financial market conditions remained orderly as the equity market continued to receive non-resident inflows amid improved domestic sentiments following better-than-expected corporate earnings.
In its monthly highlights released yesterday, the central bank also expressed its optimism about Malaysia’s economy given the improving current account surplus and trade outlook resulted in a resumption of non-resident inflows into the domestic bond market during the month.
Bond yields also declined amid continued support from domestic institutional investors.
BNM said financial institutions are well-positioned to withstand any adverse macroeconomic and financial shocks, with capital buffers of RM132.5 billion as at April 2017.
Robust growth was recorded across all export categories, with manufactured export growth continued to be driven by semiconductor devices and petroleum products.
Going forward, the central bank said exports will continue to be supported by the improvement in global demand.
On the currency front, the ringgit was the best performer in the region in April, with a 1% appreciation against US dollar following inflows into both the bond and equity markets.