Kuala Lumpur Rubber Market Closes Mixed In Line With Regional Peers

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Oct 4 (Bernama) -- The Kuala Lumpur rubber market ended mixed on Friday, tracking the performance of its regional peers, a dealer said.

He said sentiment was also affected by mixed United States (US) economic data and heightened economic risk from the escalating Middle East conflict.

“Nevertheless, further losses were capped by a weaker ringgit against the US dollar ahead of a US jobs report expected later in the day and as China stepped up fundraising efforts,” he told Bernama.

Japanese rubber futures fell on Friday, weighed down by a stronger yen; but firmer overnight oil prices capped losses, the dealer added.

The Malaysian Rubber Board (MRB) reported that the price for Standard Malaysian Rubber 20 (SMR 20) was down by eight sen to 870.5 sen per kilogramme (kg), while latex-in-bulk increased by 3.5 sen to 736.5 sen per kg.

At 5 pm, SMR 20 stood at 871 sen per kg and latex-in-bulk at 739.5 sen per kg.

-- BERNAMA