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DNeX surges to all-time high on Malaysian govt trade facilitation contract extension

KUALA LUMPUR (March 12): Dagang NeXchange Bhd’s (DNeX) share price surged to a record high this morning, after rising 12.5 sen or 14.37% to 99.5 sen, following the company’s announcement yesterday that its wholly-owned subsidiary Dagang Net Technologies Sdn Bhd had secured a three-year contract extension from the Malaysian government to operate the country’s National Single Window (NSW) for trade facilitation. At 11am today, DNeX had pared gains at 97.5 sen, with some 414 million shares traded to top Bursa Malaysia s active list. At 97.5 sen, DNeX had a market capitalisation of RM2.11 billion based on the company’s 2.16 billion issued shares. Meanwhile, DNeX’s free detachable warrant DNEX-WD was the second the most-actively traded security, with some 245 million units transacted. The warrant’s price rose 1.5 sen or 4.17% to 37.5 sen after trading between 36 sen and 40 sen so far today.

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