DNeX shares, warrants actively traded

KUALA LUMPUR: Dagang NeXchange Bhd ’s (DNeX) shares and warrants were actively traded on Wednesday.

Its shares rose 0.5 sen to 53.5 sen while DNEX-WB gained 0.5 sen, or 2.13% to 24 sen. Both are among the most heavily traded counters on Bursa Malaysia with over 13 million shares exchanged hands.

AmInvestment Bank Research said DNeX may trend higher after crossing 50 sen in its latest session.

“With the RSI level just crossing the 70 mark, a bullish bias may be present above this point, with a target price of 57.5 sen, followed by 60 sen.

“Meanwhile, it may resume trading sideways if it retraces back below the 50 sen level in the near term. In this case, support is anticipated at 47 sen, whereby traders may exit on a breach to avoid the risk of further weakness,” it said.

The company announced that it had acquired the exclusive rights to offer EC-Council Global Services (EGS) cyber security services in Malaysia through its wholly-owned subsidiary, DNeX Technology Sdn Bhd.

DNeX Technology has signed an exclusive brand license agreement with with EC-Council International Ltd to provide consultancy and advisory services based on the delivery model, methodology and brand of EGS.

The agreement will give DNex access to EC-Council’s methodologies, enabling it to learn from cyber security implementation in key global economies.

Stock on the Move