Trading on Bursa halted due to technical issue

Trading was suspended from 3.30pm and did not resume until the end of the day.

KUALA LUMPUR: Trading on Bursa Malaysia was halted from 3.30pm on Thursday due to a technical issue and it will resume on Friday at 9am as normal.

According to a statement posted on the Bursa website, the halt was due to a technical issue which was still not resolved after 5pm.

In a statement to Bursa Malaysia, trading was halted this evening at 3.30pm.

“The Exchange will not reopen the securities market for trading today. The last traded price will be used as the reference price. The matter is currently being investigated.

“The Exchange remains focused on ensuring there is minimal disruption to trading, ” it said.

At 3.30pm, the FBM KLCI was down 12.08 points or 0.76% to 1,573.48.

Turnover was 9.28 billion shares valued at RM4.14bil. Decliners beat advancers 782 to 249 while 379 counters were unchanged.

Top Glove was the top loser, down RM2.10 to RM19.70 while Kossan lost 44 sen to RM12.26 and Comfort Gloves 21 sen down to RM3.57.

Most key Asian markets were in the red, with China the most affected.

Reuters reported said China stocks posted their biggest fall in more than five months, as investors cooled down their buying spree on signs of policy tightening after the country's economic growth in the second quarter beat expectations.

The Shanghai Composite index closed down 4.5% at 3,210.10, while the blue-chip CSI300 index was down 4.81%, their largest drops since Feb 3.

The tech-heavy start-up board ChiNext Composite index slumped 5.9%, also its worst session since February 3.

Hong Kong shares on Thursday fell the most in more than a month, weighed down by concerns about policy tightening after China posted a better-than-expected economic rebound in the second quarter and as China-US relations deteriorated.

At the close of trade, the Hang Seng index was down 510.89 points or 2% at 24,970.69.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Bursa , trading halt , technical issue


Did you find this article insightful?


73% readers found this article insightful

Next In Business News

Sime Darby's 2Q net profit leaps on Tesco stake sale, motors division
Public Bank posts net profit of RM4.87b in FY20, Div 13c
Axiata posts RM256mil loss in 4Q, declares 5 sen dividend
Banks, commodity plays shore up KLCI
AmBank partners Merchantrade Asia in hybrid e-wallet venture
Amway to roll out plans for long-term business growth
AirAsia expects Choi to add value to its digital business devt in China
Ringgit stays flat amid lack of catalysts
Semicon and tech stocks rebound
Quick take: Dayang’s shares fall as 4Q profit slumps 83%

Stories You'll Enjoy