Markets lower, positive debut for Inari

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KUALA LUMPUR: Markets across Asia were generally lower at mid-day due to concerns over the debt crises in the United States and the euro-zone.
At 12.30pm, Tokyo's Nikkei 225 was down 0.50% to 9,924.17 while Hong Kong's Hang Seng Index dipped 0.29% to 21,740.76 and Shanghai's A share index was 0.47% lower at 2,803.53.
The benchmark FBM KLCI was down 0.44% to 1555.77 and Singapore's Straits Times Index was up 0.21% to 3,085.54.
At Bursa Malaysia, losers overwhelmed gainers by 459 to 143 while 258 other counters were traded unchanged.
There were 395.25 million shares done with a total turnover of RM656.27 million.
Among the gainers were MSM Malaysia Holdings Bhd which was up 12 sen to RM5.42, Sindora Bhd which rose 11 sen to RM2.45, I-Bhd which rose 9 sen to 76 sen and BTM Resources Bhd which rose 8 sen to 39 sen.
Meanwhile, Inari Bhd's debut on the ACE Market of Bursa Malaysia today saw its stock as the most actively traded, rising 5 sen to 43 sen with 30,777,600 shares changing hands as of 12.30pm. The losers included Mah Sing Group Bhd which fell 19 sen to RM2.16, WCT Bhd which dipped 16 sen to RM2.91 and CIMB Group Holdings Bhd which slipped 11 sen to RM8.45.
At mid-day, spot gold and silver continued to stay at record highs.
Spot gold was US$1.49 lower at US$1,603.30 per ounce while silver fell 17 cents to US$40.38.
Nymex crude oil in electronic trade gained 25 cents to US$96.18 per barrel while Brent crude added 28 cents to US$116.33.
Crude palm oil futures for October delivery eased RM3 to RM3,075 per tonne.
The ringgit was quoted at 3.012 to the US dollar and 4.25 to the euro.

Source: The Star