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Market Intelligence

How we read markets.

Official Malaysian data on interest rates, the ringgit and the economy, global market prices through the trading day, and the lenses we use to read it and the principles we apply before drawing conclusions.

01 · Malaysia in figures

Official data, as published.

Figures below come directly from Bank Negara Malaysia and the Department of Statistics Malaysia and update automatically as they publish. They are shown without interpretation, forecasts or signals.

Updated automatically from official sources. Last checked 7 Nov 2026, 3:39 am MYT.

Interest rates

Overnight Policy Rate

2.75%

Decision of 3 September 2026

Bank Negara Malaysia

Overnight interbank rate

2.75%

6 November 2026

Bank Negara Malaysia

3-month interbank rate

3.58%

6 November 2026

Bank Negara Malaysia

KL USD/MYR reference rate

4.0573

6 November 2026

Bank Negara Malaysia

Economy

Real GDP growth, year on year

6.0%

Q2 2026

DOSM

Headline inflation (CPI), year on year

1.8%

September 2026

Core inflation: 1.7%

DOSM

Unemployment rate

2.9%

August 2026

DOSM

Exports

RM215.1bn

September 2026

+54.5% year on year

DOSM

Imports

RM181.4bn

September 2026

+52.7% year on year

DOSM

Industrial production, year on year

5.0%

August 2026

DOSM

Ringgit exchange rates

CurrencyUnitRM per unit (middle rate)
US dollar USD14.0588
Singapore dollar SGD13.1688
Euro EUR14.5373
Pound sterling GBP15.4357
Chinese renminbi CNY10.6085
Japanese yen JPY1002.5662
Thai baht THB10012.1008
Indonesian rupiah IDR1000.0224

Bank Negara Malaysia interbank middle rates, 17:00 session, 6 November 2026.

Kijang Emas gold coin

One troy ounce, Bank Negara Malaysia price

RM17,575

Selling price · buying price RM16,870 · 6 November 2026

Bank Negara Malaysia

Kijang Emas is Malaysia's official gold bullion coin. Its price follows the international gold price and the ringgit.

Source: Bank Negara Malaysia. Data and information are subject to the Terms of Use for BNM Datasets.

Source: Department of Statistics Malaysia, via OpenDOSM, licensed under CC BY 4.0. Statistics are revised by their publishers from time to time.

02 · Global markets

Prices through the trading day.

Third-party market prices provided by TradingView. US index levels are shown through exchange-traded funds that track each index; their prices follow the index but are not the index level itself.

Track all markets on TradingView
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Market prices are provided by TradingView and are not produced or verified by AM Nusantara. Prices of US-listed funds are delayed (marked “D”); currency and commodity prices may be indicative. Fund names are shown only to identify the price being tracked and are not a recommendation of any fund.

The FTSE Bursa Malaysia KLCI is not available through this service; Bursa Malaysia index data require a separate licence.

03 · Five lenses

What we look at, and why.

Each lens describes what to observe and which questions to ask. None is a forecast; together they form the context for the Observe stage of our investment approach.

01

Equity markets

Breadth, not just direction

An index level tells you how the largest companies did. Breadth, the share of companies taking part in a move, tells you whether the market as a whole agrees.

What we look at

  • How many companies are rising, not only how far the index moved
  • Whether returns come from earnings growth or from rising valuations
  • Which sectors lead, and whether leadership is broadening or narrowing

Official sources

Read Insight 01: The Market Is Rising. But How Much of It Is Actually Participating?
02

The economy

Composition, not just the headline

GDP summarises how fast the economy grew. What drives that growth, household spending, investment, exports or a single industry, shows how durable it is likely to be.

What we look at

  • The balance between domestic demand and exports
  • Whether growth is broad-based or concentrated in one sector
  • How the latest reading compares with the trend, not only with last year

Official sources

Read Insight 02: Beyond GDP: Five Economic Signals That Deserve Closer Attention
03

Prices and interest rates

The cost of living and the cost of money

Inflation affects purchasing power and company margins; interest rates affect financing costs and valuations. Both influence each other, and both are set partly by forces outside Malaysia.

What we look at

  • The composition of inflation, especially energy and transport
  • Monetary policy decisions and the reasons given for them
  • Credit conditions for large companies compared with small ones

Official sources

Read Insight 02: Beyond GDP: Five Economic Signals That Deserve Closer Attention
04

Currencies and capital flows

A return component and a transmission channel

For a cross-border investor, the exchange rate can add to a return or erase it. Currencies also move with global risk appetite, often at the same time as equities.

What we look at

  • The ringgit against the US dollar and against a basket of trading partners
  • Whether currency exposure is a deliberate decision or a by-product
  • How foreign portfolio flows respond to global stress

Official sources

Read Insight 01: The Market Is Rising. But How Much of It Is Actually Participating?
05

Investment discipline

From observation to decision

Information becomes useful only when it is tested. Before capital is committed, assumptions should be challenged, the downside quantified and the reasoning documented.

What we look at

  • What evidence supports the thesis, and what would invalidate it
  • How sensitive the outcome is to rates, earnings or the currency
  • Which indicators will show that circumstances have changed

Official sources

Read Insight 03: Before Capital Is Committed: What Makes an Investment Thesis Defensible?

04 · Where the data come from

Official sources for Malaysian market and economic data.

DataPublished byFrequencyLink
Gross domestic productDepartment of Statistics MalaysiaQuarterly (advance estimate, then full release)Visit Department of Statistics Malaysia (opens in new tab)
Consumer prices (CPI)Department of Statistics MalaysiaMonthlyVisit Department of Statistics Malaysia (opens in new tab)
External tradeDepartment of Statistics MalaysiaMonthlyVisit Department of Statistics Malaysia (opens in new tab)
Industrial productionDepartment of Statistics MalaysiaMonthlyVisit Department of Statistics Malaysia (opens in new tab)
Release dates for official statisticsOpenDOSM advance release calendarPublished in advanceVisit OpenDOSM advance release calendar (opens in new tab)
Overnight Policy RateBank Negara MalaysiaAt scheduled Monetary Policy Committee meetingsVisit Bank Negara Malaysia (opens in new tab)
Exchange ratesBank Negara MalaysiaEach business dayVisit Bank Negara Malaysia (opens in new tab)
Equity market dataBursa MalaysiaEach trading dayVisit Bursa Malaysia (opens in new tab)
Index methodologyFTSE Russell (LSEG)Updated as rules changeVisit FTSE Russell (LSEG) (opens in new tab)
Shariah-compliant securitiesSecurities Commission MalaysiaPeriodic list updatesVisit Securities Commission Malaysia (opens in new tab)

Links lead to third-party websites. AM Nusantara does not control their content and is not responsible for it.

05 · Reading data with discipline

Five principles before any conclusion.

  • Separate observation from interpretationWhat a statistic says and what it may mean are different claims. We state the first with a source and label the second as a view.
  • Read direction as well as levelA strong reading that is weakening can matter more than a modest one that is improving.
  • Expect revisionsAdvance estimates are revised as more data arrive. Early figures are useful, but provisional.
  • Look for the common driverSignals that appear independent often share one cause. Counting them separately overstates the evidence.
  • Prefer the primary sourceWhere possible, we cite the statistical agency or central bank that produced a figure, with its date.

06 · Research notes

Markets, Evidence & Capital Allocation

Coming up: What we’re watching · Glossary · Editorial policy

Important information

This section provides general information and education only. Official statistics are reproduced as published by Bank Negara Malaysia and the Department of Statistics Malaysia. Global market prices are provided by TradingView and may be delayed or indicative. All figures may be delayed, revised or temporarily unavailable, and AM Nusantara does not guarantee their accuracy or timeliness. The section contains no forecasts, signals or recommendations, and nothing in it is investment, financial, legal, tax or Shariah advice, or an offer or solicitation in respect of any investment. Links to third-party websites are provided for convenience; AM Nusantara does not control or endorse their content. Investments involve risk, including the possible loss of capital. Readers should seek advice from an appropriately licensed adviser before making any investment decision.