Quick take: DNeX rises 7% on Petronas Carigali contract

TheStar Fri, Mar 06, 2020 09:19am - 4 years View Original


KUALA LUMPUR: Shares in Dagang Nexchange Bhd (DNeX) were boosted in early trade Friday after announcing a five-year contract from Petronas Carigali Sdn Bhd.

The eServices provider rose 6.98%, or 1.5 sen to 23 sen with 5.39 million shares.

DNeX, through subsidiary DNEX Drilling Tech and Oilfield Services Sdn Bhd, has been awarded a Pan Malaysia umbrella contract by Petronas Carigali.

DNeX said the contract involved providing equipment and services for directional drilling, measurement while drilling and logging while drilling.

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