Ringgit rises 0.2% to 3.2892 per
dollar;
pivot point at 3.2912;
resistance at 3.2849, 3.2797,
3.2682;
support at 3.2964, 3.3027, 3.3142.
* USD/MYR 14-day RSI falls to 68, showing dollar near
overbought level
* One-month implied volatility rises 12 bps to 7.6550%; this
year’s average is 7.9878%
* One-month forwards gain 0.2% to 3.2942; 12-mo. contracts up
0.1% at 3.3548
* ANZ sees heavy govt bond supply in Malaysia next quarter and
continues to favor 7-yr notes over long end of the curve,
according to note dated Dec. 27; says fewer MGS and GII will
be maturing in 1Q while maturities will be heavier in 2Q and
3Q, making net-duration supply higher in 1Q
* Nation saw stock outflow slow last week, partly due to
seasonally-thin trading volume, while outflow still
continued for 12th consecutive week, MIDF Amanah Investment
Bank Berhad says in report dated Dec. 29, citing exchange
data; says outflow fell to 114.1m ringgit, lowest in the
period...
(Some excerpts from Bloomberg dated Dec. 31)