KUALA LUMPUR (Oct 24): Dagang Nexchange Bhd (DNeX) shares rose 1.35% this morning after it signed a contract to provide solid expandable tubulars to the North Malay Basin gas development for US$5 million.
At 9.18am, DNeX rose 0.5 sen to 37.5 sen with 501,400 shares done.
DNeX’s 80% owned unit DNeX Oilfield Services Sdn Bhd entered into the service contract with Hess Exploration and Production Malaysia BV. DNeX said the contract is expected to last for one year.