KUALA LUMPUR, July 3 – The longest shutdown of Bursa Malaysia today could cost Datuk Yusli Mohamed Yusoff his job.
Sources told the Malaysian Insider that the Ministry of Finance officials had been leaning against renewing his contract as the chief executive officer of the bourse even before today's embarrassing technical glitch.
His contract is up for renewal soon.
The day-long closure was the worst in the exchange's history and dealers warned that the index could see a sharp fall when the trade resumes on Friday, Reuters reported.
The benchmark Kuala Lumpur Composite Index has already lost 3 per cent so far this week as domestic political uncertainty mounts following sodomy charges against opposition leader Datuk Seri Anwar Ibrahim
However, Bursa was confident of restarting share trading on Friday despite an earlier attempt to restart in today's afternoon session which failed with Yusli admitting the day-long closure was the worst in the exchange's history.
The exchange traced the fault to a computer hard disk.
The Malaysian market was ranked 11th amongst Asia Pacific stock exchanges in capitalisation in May, according to data on the website of the World Federation of Exchanges (www.world-exchanges.org)
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