XOX and DGB Asia trading volume swells following MoU on AI vending machines

XOX and DGB Asia trading volume swells following MoU on AI vending machines
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KUALA LUMPUR (April 17): XOX Bhd and DGB Asia Bhd were among the top actively-traded stocks on Bursa Malaysia today after they signed a memorandum of understanding (MoU) to develop artificial intelligence (AI) vending machines.

At 10.30am, shares in XOX were the fourth-most traded shares on the local bourse, rising by one sen or 40% to 3.5 sen.

In terms of trading volume, XOX saw some 49.4 million shares traded, exceeding its 200-day average trading volume of 11.31 million shares by nearly four times.

Meanwhile, DGB was the eighth-most actively traded counter on Bursa Malaysia with a trading volume of 29.25 million shares, exceeding its 200-day average trading volume of 22.58 million shares.

DGB rose 20% or half a sen to three sen.

Yesterday, XOX announced that its unit XOX Media Sdn Bhd had inked an MoU with DGB to collaborate on the development of 1,000 AI vending machines.

XOX said the collaboration was part of its strategies to generate more revenue streams while providing synergies to its core business a mobile virtual network operator (MVNO).