Bursa Malaysia opened marginally lower on Wednesday but rebounded soon after, supported by continued buying in selected heavyweights amid optimism over the domestic economic outlook, an analyst said.

Since late February, natural rubber prices have dropped sharply by over 17 per cent, sliding from 375 Japanese yen (US$2.60) per kg to around 310.7 ($2.15) per kg on June 30.

SINGAPORE: Japanese rubber futures ended little changed on Monday, but wrapped up June with gains supported by persistent wet weather in major producing regions, fuelling supply concerns.

Oil prices edged down on Monday as investors weighed easing Middle East risks and a possible OPEC+ output increase in August.

Several leading automakers including Detroit giants General Motors and Ford reported increased US car sales in the second quarter on Tuesday as consumers fast-forwarded purchases ahead of US tariffs.

The oil demand-supply fundamentals are expected to remain unexciting in view of rising barrel production from OPEC+ in May and June.

The ringgit extended its upward trend at Tuesday’s open, buoyed by persistent weakness in the US dollar.

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