KUALA LUMPUR (Feb 21): Shares of Dagang Nexchange Bhd (DNeX) continue to march higher this morning, hitting a high of 40.5 sen — the highest in nearly nine years. The stock opened at 40 sen, higher than yesterday's closing at 37.5 sen. Its trading volume swelled above 95 million shares in the first trading hour. As at 11am, the stock retreated slightly from the day's high to 38 sen, up five sen or 1.33% from yesterday's closing, with 164.7 million shares changing hands. The group also declared a second interim dividend of 0.5 sen per share, payable on Feb 28. DNeX said the increased revenue was mainly contributed by partial revenue recognition on the Vehicle Entry Permit (VEP) and Road Charges (RC) contract of RM17.1 million, as well as revenue contribution from its newly acquired subsidiaries — OGPC Sdn Bhd and OGPC O&G Sdn Bhd.

Source: The Edge Markets February 21, 2017 03:22 UTC