KUALA LUMPUR: The Malaysian rubber market closed higher today on the back of a weaker yen, a dealer said.
He said the market was also influenced by the US Federal Reserve’s announcement on ending its bond purchasing programme which flagged the country’s economic recovery.
At the close, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 gained three sen to 520 sen a kg, and latex-in-bulk also improved by three sen to 398 sen a kg.
The unofficial closing price for tyre-grade SMR 20 rose 1.5 sen to 519.5 sen a kg, while latex-in-bulk earned three a sen to 398.50 sen a kg. – BERNAMA