KUALA LUMPUR: Bank Negara Malaysia's international reserves rose RM1.3 billion to RM329.9 billion or US$106.9 billion as at Jan 14 from Dec 31, 2010 which was also in line with the inflow of funds into the equities markets.
The central bank said on Friday, Jan 21 the reserves position is sufficient to finance 8.8 months of retained imports and is 4.1 times the short-term external debt. The reserves showed an increase of RM1.3 billion or US$400 million from the US$106.5 billion on Dec 31.
The reserves level as at Dec 31, took into account the quarterly adjustment of foreign exchange revaluation gain, following the strengthening of most major currencies against the ringgit during the quarter.
During the period, the 30-stock FBM KUALA LUMPUR COMPOSITE INDEX [] (KLCI) advanced 36.47 points from 1,533.42 on Jan 3 to 1,569.89 on Jan 14, during which the KLCI hit several fresh record highs. The highest during the two-week period was 1,572.21
According to Bursa Malaysia data, within the period, the stock market capitalisation increased by RM42 billion from RM1.289 trillion to RM1.331 trillion.
The central bank said on Friday, Jan 21 the reserves position is sufficient to finance 8.8 months of retained imports and is 4.1 times the short-term external debt. The reserves showed an increase of RM1.3 billion or US$400 million from the US$106.5 billion on Dec 31.
The reserves level as at Dec 31, took into account the quarterly adjustment of foreign exchange revaluation gain, following the strengthening of most major currencies against the ringgit during the quarter.
During the period, the 30-stock FBM KUALA LUMPUR COMPOSITE INDEX [] (KLCI) advanced 36.47 points from 1,533.42 on Jan 3 to 1,569.89 on Jan 14, during which the KLCI hit several fresh record highs. The highest during the two-week period was 1,572.21
According to Bursa Malaysia data, within the period, the stock market capitalisation increased by RM42 billion from RM1.289 trillion to RM1.331 trillion.
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