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KUALA LUMPUR, July 3 (Bernama) -- Bursa Malaysia is confident that trading on the market will resume as usual Friday, its chief executive officer Datuk Yusli Mohamed Yusoff said here Thursday.

He said that the exchange has managed to resolve all technical glitches which led to the suspension of trading on the bourse for the whole day Thursday.

Yusli attributed the problem to the equities trading system experiencing a hardware failure.

However, the derivatives and bond markets, clearing, settlement and depository system are unaffected, he told a press conference called after trading was suspended on Bursa throughout the day.

Bursa had earlier announced that trading would be suspended for the morning session.

Later, during the lunch break, said trading would resume at 2.30 pm.

But just before 2.30 pm, Bursa again sent a notification saying trading would not resume at 2.30 pm.

Finally at 3.40 pm, the exchange announced that trading would continue to be suspended until 5 pm when the market usually closes.

Yusli said the exchange would revise all their systems and that it was expected to launch a new system in a couple of months, he said.

Yusli said that "there was no exchange in the world than could guarantee a system that will not fail."

"However, we tried very hard and we will ensure that this will not happen in the future.

The last time it happened was in June 2000 when trading was halted for half a day due to a technical problem.

"Since then, the system has been very reliable," he said.

He estimated Thursday's loss based on broking fees lost at RM450,000 as volume traded had been thin the past few days.

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