Dagang Nexchange active, up ahead of collaboration with Maybank

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KUALA LUMPUR (Oct 31): Shares of information communication technology company Dagang Nexchange Bhd (Dnex) rose in active trade on Friday morning ahead of its collaboration with Malayan Banking Bhd to launch a centralised online trade financing facility.

At 9.40am, Dnex rose 4.05% or 1.5 sen to 38.5 sen with 86.94 million shares done.

Dubbed myTrade2Cash, it said, the facility is aimed for Malaysian-based SME exporters. and is estimated to serve more than 100,000 SME customers nationwide via the National Single Window e-Commerce Trade Facilitation service managed by DNeX.

The online trade facility is set to be launched later this afternoon by Datuk Seri Mustapa Mohamed.