Bursa ‘assessing’ price-feed glitch

by **Cals** Fri 12 Dec 2014, 01:11

Bursa ‘assessing’ price-feed glitch

By Chong Jin Hun / The Edge Financial Daily | December 11, 2014 : 10:45 AM MYT

KUALA LUMPUR: Bursa Malaysia Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) is analysing the cause behind the bourse operator and regulator’s share price-feed system glitch yesterday morning.

In an emailed reply to enquiries by the theedgemarkets.com yesterday, Bursa Malaysia strategic communications official Rizal Lynam Matjeraie said the stock exchange operator was still assessing the situation.

“We are still assessing the situation on this end,” Rizal said. He did not elaborate.

Remisiers said the glitch, which happened between 8.45am and 9am, resulted in stockbroking firms not being able to receive share price data from Bursa Malaysia’s computer systems. According to remisiers, Bursa Malaysia rectified the matter by 9.02am.

“The impact was minimal. My colleagues did not complain,” a remisier told theedgemarkets.com over telephone.

At 3.53pm, the FBM KLCI rose 16.02 points or 0.9% to 1,754.12. The KLCI’s advance came on gains in plantation shares like PPB Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) and Kuala Lumpur Kepong Bhd ([You must be registered and logged in to see this image.] Financial Dashboard).

Reuters reported that Malaysian palm oil futures rose yesterday, rebounding from near one-week lows hit in the previous session, as data showing a rise in palm oil exports in early December, helped reinforce some optimism about the outlook for demand.

Exports of palm oil products for Dec 1 to10 rose 1.7% to 407,425 tonnes from 400,614 tonnes shipped during Nov 1 to 10, cargo surveyor Intertek Testing Services said yesterday.

[size=14]This article first appeared in The Edge Financial Daily, on December 11, 2014. [/size]