Dagang Nexchange Emerges Among Active Stocks, Up By 1.72 Pct

KUALA LUMPUR, June 19 (Bernama) -- Dagang Nexchange Bhd (DNEX) traded higher and emerged as among the actively traded stocks on recent news that the company has secured a RM103.76 million contract from the Ministry of Finance (MoF).

The contract entails the maintenance and application support services for the Integrated Government Financial and Management Accounting System (iGFMAS). It is valued at RM103.76 million and spans over 60 months. 

DNeX group chief executive officer Faizal Sham Abu Mansor said the contract reflects the government’s continued reliance on the group’s technical capabilities and experience in supporting national digital initiatives.

The group currently supports various digital services through its information technology segment, including business-to-government and business-to-business eServices, enterprise resource planning solutions, air-gapped cloud services, and artificial intelligence-driven technologies.

As at 10.53 am, DNEX's share price gained 1.72 per cent, or half-a-sen to 29.5 sen, with 6.33 million shares traded.

-- BERNAMA