Malaysia: Rubber mart closes mixed

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KUALA LUMPUR: The Malaysian closed mixed today amid the strong ringgit versus the greenback, a dealer said.

He said the trend was against the Commodity Exchange which closed higher due to firm and upbeat manufacturing data.

“However, the upside was still limited,” he said, adding that China’s factory activity hit a multi-month high in June, reinforcing signs that the world’s second-largest economy is steadying as the government steps up policy support.

At the close, the Board’s official physical price for tyre-grade 20 slipped four sen to 558 sen a kg while latex-in-bulk remained unchanged at yesterday’s 468 sen a kg.

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The unofficial closing price for tyre-grade SMR 20 fell three sen to 556 sen a kg while latex-in-bulk rose 0.5 sen to 468 sen a kg.– Bernama

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