MARKET PULSE AM JUNE 10, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets.
Paradigm REIT opened flat on its Main Market debut today, unchanged against its IPO price of RM1 per unit.
In early trade, the REIT moved within a narrow range, between 99.5 sen and RM1.02, with over 11 million units changing hands.
Bursa Malaysia saw choppy trading earlier today, tracking Wall Street's mixed performance amid ongoing caution over the outcome of US-China trade talks.
The FBM KLCI is expected to trend within the 1,515 to 1,525 range.
In the cryptocurrency market, Bitcoin climbed to RM462,888.
Ethereum and Solana have followed suit, trading at RM11,374 and RM676, respectively.
That's it for Market Pulse.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Free Malaysia Today
an hour ago
- Free Malaysia Today
Tengku Zafrul sees Google's investment driving Malaysia's AI economy
Tengku Zafrul Aziz, who is on a working visit to the US, says he met Google representatives in Washington. PETALING JAYA : Google's investment in Malaysia is expected to continue driving the country's artificial intelligence (AI) and cloud computing economy, according to investment, trade and industry minister Tengku Zafrul Aziz. He said Google's RM9.4 billion investment to set up its first data centre and Google Cloud region in Malaysia could generate up to RM15 billion in long-term economic impact and create 26,500 jobs by 2030. Tengku Zafrul, who is currently on a working visit to the US said he met Google representatives to discuss how the company can continue to drive AI development in Malaysia, strengthen cybersecurity and invest in digital skills. 'The government is committed to providing full support and ensuring a conducive investment climate for high-quality investments,' he said in a Facebook post. Last week, Microsoft reaffirmed its commitment to a RM10.5 billion investment in cloud and AI infrastructure in Malaysia, including the development of hyperscale data centres in the Klang Valley. The announcement came in the wake of a 24% tariff on Malaysian goods announced by the US in April, before a 90-day pause was declared a week later.

Barnama
7 hours ago
- Barnama
OPEC+ Oil Production Hike Justified By Iran-Israel Conflict
ST. PETERSBURG, June 21 (Bernama-Sputnik/RIA Novosti) -- The decision of the OPEC+ group of major oil exporters to boost production is far-sighted and reasonable given the ongoing Iran-Israel conflict, Russian oil giant Rosneft CEO Igor Sechin said on Saturday, reported Sputnik/RIA Novosti. "The decision taken by OPEC+ leaders to boost production seems very far-sighted at the moment, and from the market's point of view, even reasonable, given the interests of consumers and the uncertainty about the scale of the Iran-Israel conflict," Sechin said in a keynote address at the 2025 St. Petersburg International Economic Forum's (SPIEF) Energy Panel. Despite the increase in OPEC+ production, an oil glut is unlikely in the long term because world reserves are at their lowest in five years, Sechin said. bootstrap slideshow "Despite the announced production increase, there are no signs of any surplus oil glutting the market in the long term. Global oil reserves are now at their lowest levels in the last five years," Sechin added. Eight OPEC+ countries — Russia, Saudi Arabia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman — have voluntary obligations additional to quotas. Production limits of 1.65 million barrels per day (bpd) are in effect until the end of 2026. An additional 2.2 million bpd cut has been gradually phased out starting April. Starting in May, OPEC+ agreed to accelerate the withdrawal from these restrictions: since May, they have produced 411,000 bpd more than in April. Production will also increase by 411,000 bpd in June and July. The Russian city of St Petersburg is hosting the 28th edition of SPIEF from June 18-21 under the theme of "Shared Values: The Foundation of Growth in a Multipolar World." The Rossiya Segodnya international media group, RIA Novosti's parent company, is the forum's information partner. Rosneft has put an oil price of US$45 per barrel down in its business plan for 2025, and US$42-43 for the next year, CEO Igor Sechin said on Saturday. "We do not know what geopolitical factors will affect the market. Yet whatever it may be, our company Rosneft has the price of US$45 per barrel written down in its business plan for this year, and US$42-43 per barrel for next year. We do not want to depend on this volatility," Sechin said.


New Straits Times
10 hours ago
- New Straits Times
India's watchdog warns Air India for breaching pilots' flight duty timings
NEW DELHI: India's aviation watchdog has issued a warning to Air India for "repeated and serious violations" related to pilot duty scheduling and oversight, according to government directives reviewed by Reuters on Saturday. The Directorate General of Civil Aviation (DGCA) directed Air India to remove three company executives from crew scheduling roles – a divisional vice-president, a chief manager of crew scheduling and one planning executive – for lapses linked to flights from Bengaluru to London on May 16 and May 17 that exceeded the stipulated pilot flight time limit of 10 hours. The 20 June order cited "systemic failures in scheduling protocol and oversights" and criticised the lack of strict disciplinary measures against responsible officials. The latest action by the aviation authority against the airline is unrelated to this month's crash of an Air India Boeing 787-8 plane that killed all but one of the 242 people onboard but signals heightened scrutiny of the airline. On Thursday, Reuters reported the authorities had also warned Air India for breaching safety rules after three of its Airbus planes flew despite being overdue for checks on emergency equipment of escape slides. The latest order by Assistant Director of Operations at the DGCA, Himanshu Srivastava, said: "Of particular concern is the absence of strict disciplinary measures against key officials directly responsible." In a statement to Reuters, Air India said it has implemented the DGCA order and, in the interim, the company's Chief Operations Officer will provide direct oversight to the Integrated Operations Control Centre. "Air India is committed to ensuring that there is total adherence to safety protocols and standard practices," it added. The DGCA stated in its order that Air India had voluntarily disclosed the violations. Air India was taken over by the Tata Group in 2022 and faces many challenges in its attempts to rebuild its image, after years of criticism from travellers for poor service. The Indian regulator, like many abroad, often fines airlines for compliance lapses. India's government in February told parliament that authorities had warned or fined airlines in 23 instances for safety violations last year. Around half of them – 12 – involved Air India and Air India Express. The biggest fine was US$127,000 on Air India for "insufficient oxygen on board" during some international flights.