Bursa: Disruption on local bourse yesterday due to ‘technical issue’

KUALA LUMPUR (July 17): Bursa Malaysia Securities Bhd said the disruption to trading on the local bourse yesterday was due to a technical issue and not because of any cybersecurity-related issues.

“The disruption was caused by a technical issue which resulted in the trading halt on the exchange’s securities trading system. The trading halt was not due to any cybersecurity-related issues and our systems remain secure and protected,” it said in a statement this morning.

“Immediate action was taken by the exchange to diagnose the problem and communicate to all participants while determining the cause and impact,” it added.

Trading on Bursa Malaysia resumed today at 9am as normal after trading was halted at 3.30pm the previous day.

In the statement, Bursa Malaysia Bhd chief executive officer (CEO) Datuk Muhamad Umar Swift said: “We apologise to all our valued clients and stakeholders for the interruption in trading. Together with our partner Nasdaq, we are taking appropriate action to prevent similar issues from recurring in the future.”

Bursa noted that the derivatives market was unaffected and continued to trade as normal.

The FBM KLCI gained 0.92% in early trade today.

At 9.06am, the bellwether index had risen 6.13 points to 1,579.44.

Source: TheEdgeMarkets