By Rosemarie Khoo Mohd Sani
KUALA LUMPUR, Jan 16 (Bernama) -- The Kuala Lumpur rubber market closed higher today, supported by the uptrend in regional rubber futures markets as traders responded to better-than-expected US economic data, said a dealer.
She said continued wet weather forecasted to affect major natural rubber (NR) producers, and gains in crude oil prices further lifted market sentiment.
“Nevertheless, further gains were capped by the stronger ringgit against the US dollar amid worries over uncertainties of US policies and tariff decisions,” the dealer told Bernama.
At 3 pm, the Malaysian Rubber Board reported that the Standard Malaysian Rubber 20 was higher by 2.0 sen per kilogramme (kg) to 894.00 sen per kg from Wednesday’s 892.00 sen per kg, while latex in bulk increased 1.0 sen per kg to 671.50 sen per kg from 670.50 sen per kg previously.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
