KUALA LUMPUR, April 23 (Xinhua) -- Bank Negara and Securities Commission of Malaysia said in a joint statement Tuesday that the country's financial markets have remained resilient.
"Conditions in the capital, foreign exchange and money markets continued to be orderly, supported by ample domestic liquidity, robust market infrastructures and firm macroeconomic fundamentals," they said.
The Malaysian bond market continues to be vibrant with a deep secondary market having an average daily trading volume of 5.4 billion ringgit (1.31 billion U.S. dollars) year-to-date compared to the past three-year average of 3.6 billion ringgit (872 million U.S. dollars), according to the statement.
Meanwhile, the liquidity in the foreign exchange market recorded a sustainable average daily trading volume of 12 billion U.S. dollars, of which the foreign exchange swap and forward market accounts for close to half of the average volume.
"The increase in dynamic hedging activities by global institutional investors has improved market access and further contributed to the liquidity in the foreign exchange forward market," said the regulators.
The regulators also highlighted that the authorities would continue to engage with key market participants and intermediaries to further develop the depth and breadth of the Malaysian financial markets in ensuring accessibility while preserving stability and transparency.
