Update Ingenuity Consolidated unaware of reason behind UMA

by **Cals** Tue 15 Sep 2015, 23:06

Update

[size=28]Ingenuity Consolidated unaware of reason behind UMA

By Danial Idraki / theedgemarkets.com | September 15, 2015 : 7:58 PM MYT

KUALA LUMPUR (Sept 15): Ingenuity Consolidated Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.95) said today that it is unaware of any reasons behind the sharp rise in the trading volume of its shares.

In a reply to Bursa Malaysia's unusual market activity (UMA) query earlier today, the ACE Market-listed company said it does not have any corporate development that has not been previously disclosed that may account for the UMA, nor any rumour or report concerning the business and affairs of the group.

"The company will make the necessary announcement to Bursa Securities ([You must be registered and logged in to see this image.] Valuation: 2.10, Fundamental: 2.30) of any material information in compliance with Rule 9.03 of Bursa Securities ACE Market listing requirements," the group said.

Ingenuity's share price rose as much as 15.38% to hit an intra-day high of 7.5 sen today, before paring earlier gains to close unchanged at 6.5 sen. Year-to-date, its share price has gained 36.36%, peaking at 9.5 sen in April.

At the close, Ingenuity saw 137.63 million shares changing hands, making it the most actively traded stock on Bursa Malaysia. Its market capitalisation stood at RM62 million.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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