马来西亚股票指数 (FKLCI) 加自选

马来西亚10年期政府债券收益率降至3.46%的3年低点。过去4周，马来西亚10年期债券收益率下跌7.20个基点，过去12个月下跌41.00个基点。

Malaysia 10 Year Government Bond Yield decreased to a 3-year low of 3.46%. Over the past 4 weeks, Malaysia 10Y Bond Yield lost 7.20 basis points, and in the last 12 months, it decreased 41.00 basis points.

周二，马来西亚林吉特兑美元汇率升至2024年10月以来的最高水平，徘徊在4.188左右，这得益于强劲的外国债券流入和美元的普遍疲软。此次反弹之际，全球贸易紧张局势的缓解改善了投资者对马来西亚等出口导向型经济体的情绪。根据马来西亚国家银行的数据，由于对该国财政和货币前景的信心不断增强，外国投资者在5月份向马来西亚债券注入了29亿美元，这是自2013年10月以来的最大月度流入。对美联储可能在今年晚些时候开始降息的预期也给美元带来了压力，进一步支撑了林吉特。根据最新数据，马来西亚6月制造业采购经理人指数（PMI）连续第21个月收缩，但速度为2月以来的最低水平，因为产出、新订单和外部需求的下降都有所缓和，这表明工业部门出现了初步稳定迹象。

Malaysia’s ringgit strengthened to its highest level since October 2024 on Tuesday, hovering around 4.188 per dollar, supported by strong foreign bond inflows and broad weakness in the U.S. currency. The rally comes as easing global trade tensions improve investor sentiment toward export-oriented economies like Malaysia. According to Bank Negara Malaysia, foreign investors poured $2.9 billion into Malaysian bonds in May—the largest monthly inflow since October 2013—amid rising confidence in the country’s fiscal and monetary outlook. Expectations that the Federal Reserve may begin cutting rates later this year also weighed on the dollar, further supporting the ringgit. On fresh data, Malaysia’s manufacturing PMI contracted for the 21st straight month in June but at the softest pace since February, as declines in output, new orders, and external demand all moderated, suggesting tentative signs of stabilization in the industrial sector.

标准普尔全球马来西亚制造业采购经理人指数从5月份的48.8升至2025年6月的49.3，为2月份以来的最高水平。产出和新订单均以四个月来最慢的速度萎缩，而海外需求的下降是自12月当前下降趋势开始以来最温和的。购买活动连续第34个月下降，投入库存保持不变。尽管积压的工作连续第11个月下降，其消耗速度略快于5月，但就业人数在9个月内首次增加。在成本方面，由于原材料成本上升和不利的汇率波动，投入价格以2024年11月以来的最快速度上涨。公司六个月来首次上调售价，为2024年8月以来的最高水平。展望未来，市场情绪略有改善，但仍远低于系列平均水平，因为对全球经济状况的担忧缓和了对新产品发布的乐观情绪。

The S&P Global Malaysia Manufacturing PMI rose to 49.3 in June 2025 from 48.8 in May, marking the highest reading since February. Both output and new orders shrank at the slowest pace in four months, while a drop in overseas demand was the mildest since the current downtrend began in December. Buying activity declined for the 34th month, and input inventories remained unchanged. Employment rose for the first time in nine months, even as backlogs of work fell for the 11th straight month, with its rate of depletion slightly faster than in May. On the cost front, input prices rose at the fastest pace since November 2024, due to higher raw material costs and unfavourable exchange rate fluctuations. Firms raised selling prices for the first time in six months and at the steepest rate since August 2024. Looking ahead, sentiment improved slightly, though it remained well below the series average, as optimism around new product launches was tempered by concerns over global economic conditions.

2025年5月，马来西亚生产者价格指数同比下降3.6%，较上月3.4%的跌幅进一步下滑。这是连续第三个月下降，也是自2023年6月以来的最大跌幅，主要原因是采矿业下降了15%（4月份为-17.8%），原油（-15.7%）和天然气（-13.1%）大幅减少。制造业也下降了3%（对-2.6%），受焦炭和精炼石油产品（-15.4%）以及计算机、电子和光学产品（-6.9%）制造业大幅下降的拖累。同样，电力和天然气供应收缩1.1%（对-0.6%），而供水部门小幅下降0.2%（对0.9%）。相比之下，农业、林业和渔业继续增长1.8%（对2.6%），主要得益于多年生作物的生长（4.5%）。5月份，生产者价格指数环比下跌1.1%，而前一时期下跌了1%。

Producer prices in Malaysia dropped by 3.6% year-on-year in May 2025, slipping further from a 3.4% fall in the previous month. This marked the third consecutive month of decline and the sharpest since June 2023, primarily driven by a 15% drop (vs -17.8% in April) in the mining sector, with significant reductions in crude petroleum (-15.7%) and natural gas (-13.1%). The manufacturing sector also declined by 3% (vs -2.6%), weighed down by sharp decreases in the manufacture of coke & refined petroleum products (-15.4%) and computer, electronic & optical products (-6.9%). Similarly, electricity & gas supply contracted by 1.1% (vs -0.6%), while the water supply sector fell marginally by 0.2% (vs 0.9%). In contrast, the agriculture, forestry & fishing industry continued to increase by 1.8% (vs 2.6%), largely supported by the growing perennial crops (4.5%). On a monthly basis, producer prices went down by 1.1% in May, following a 1% loss in the preceding period.