KUALA LUMPUR: The Malaysian rubber market closed mixed yesterday on cautious sentiment despite the commodity’s bullish performance on the Tokyo Commodity Exchange (Tocom).
A dealer said Tocom rubber futures rose on weaker yen but local investor sentiment was offset by stronger ringgit.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 rose half sen to 501 sen a kg, and latex-in-bulk decreased two sen to 386.5 sen a kg.
The unofficial closing price for tyre-grade SMR 20 gained 2.0 sen to 502.5 sen a kg, while latex-in-bulk fell one sen to 386.00 sen a kg. Bernama
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