KUALA LUMPUR, Dec 23 (Bernama) — The Malaysian rubber market closed mostly lower today, dealers said.
A dealer said the fall, however, was capped by the lower ringgit against the US dollar.
At 5pm, the local currency closed at 4.3070 against the US dollar as compared with 4.2980 yesterday.
The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 was unchanged at yesterday’s price of 498.5 sen a kg while latex-in-bulk fell 2.5 sen to 353.5 sen a kg.
The 5 pm unofficial closing price for SMR 20 was half-a-sen lower at 499.5 sen a kg while latex-in-bulk was 1.5 sen lower to 353.0 sen a kg.
The rubber market will closed on Thursday and Friday for celebrating Prophet Muhammad’s Birthday (Maulidur Rasul) and Christmas.
— BERNAMA
