Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


Rubber prices close lower

Bursa Community :: Community News

Go down

Rubber prices close lower Empty Rubber prices close lower

Post by Cals Tue 07 Jan 2014, 18:25

Rubber prices close lower
Business & Markets 2014
Written by Bernama   
Tuesday, 07 January 2014 17:38

KUALA LUMPUR (Jan 7): The Malaysian rubber market closed lower today in quiet trading for the sixth day due to the further strengthening of the ringgit, a dealer said.

He said the trend was in tandem with the Tokyo Commodity Exchange due to the the rise in the yen against the US dollar.

Meanwhile, the International Rubber Conference Organisation, in its weekly report, said that rubber prices were likely to be volatile this week due to weak investor confidence and poor market sentiment.  

At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 fell 8.5 sen to 714.5 sen a kg and latex-in-bulk eased seven sen to 497 sen a kg. 

The unofficial closing price for tyre-grade SMR 20 fell 11.5 sen to 707 sen a kg while latex-in-bulk also shed 7.5 sen to 492.5 sen a kg.
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum