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KUALA LUMPUR (March 12): Dagang NeXchange Bhd (DNeX) share price rose to an all-time high this morning, after rising 12.5 sen or 14.37% to 99.5 sen, following the announcement of yesterday from the company that its wholly owned subsidiary Dagang Net Technologies Sdn Bhd had obtained a three-year contract extension from the Malaysian government to operate the country’s National Single Window (NSW) for trade facilitation.
As of 11 a.m. today, DNeX had cut earnings to 97.5 sen, with some 414 million shares traded to top Bursa Malaysia’s active list.
At 97.5 sen, DNeX had a market capitalization of RM 2.11 billion based on the company’s 2.16 billion issued shares.
Meanwhile, DNeX’s free draw DNEX-WD order was the second most actively traded security, with some 245 million units traded. The order price rose 1.5 sen or 4.17% to 37.5 sen after trading between 36 sen and 40 sen so far.
At the close of the market, the DNeX share price had trimmed earnings to end today’s session at 97 sen, still up 10 sen or 11.49%, after trading between 86.5 sen and RM1. 03. At 97 sen, it had a market capitalization of RM2.09 billion. 825.9 million shares were traded.
DNeX’s free withdrawable order, DNEX-WD, closed down one sen or 2.78% at 37 sen, after 467.65 million shares were traded.
Yesterday, DNeX said in a Bursa filing that the company was referring to its announcement on July 24, 2019 of the government’s contract extension for Dagang Net with respect to NSW for trade facilitation.
“DNeX is pleased to announce that Dagang Net on March 10, 2021 received a letter from the government informing that the government had in principle approved a three-year contract extension for NSW for trade facilitation subject to the terms and conditions as will be agreed between the government and Dagang Net.
“The contract extension is for a period of three years, from September 1, 2021 to August 31, 2024,” said DNeX.
Today, the share price of Censof Holdings Bhd, which owns 56.06 million shares representing around a 3% stake in DNeX, also rose possibly due to the latter’s latest business update on the contract extension.
As of 12.20pm, Censof was up 2.5 sen or 6.94% to 38.5 sen, with around 52 million shares traded.
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