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Rubber mart closes lower in quiet trading

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Rubber mart closes lower in quiet trading Empty Rubber mart closes lower in quiet trading

Post by Cals Mon 13 Jan 2014, 18:32

Rubber mart closes lower in quiet trading
Business & Markets 2014
Written by Bernama   
Monday, 13 January 2014 17:39

KUALA LUMPUR (Jan 13): The Malaysian rubber market closed lower today in quiet trading, dealers said.

A dealer said the negative sentiment, brought about by a Wall Street Journal report that the Chinese exports grew 4.3 per cent year-on-year in December, lower than the expected 4.5 per cent, weighed on the market. 

At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 fell three sen to 707 sen a kg and latex-in-bulk eased four sen to 476.50 sen a kg. 

The unofficial closing price for tyre-grade SMR 20 fell 10.5 sen to 701.50 sen a kg while latex-in-bulk also shed four sen to 475.50 sen a kg. 

The market will be closed tomorrow for Maulidur Rasul public holiday and will re-open on Wednesday.
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