Trading volume refers to the total amount of trades a stock has done on a particular day. Generally, this is calculated by total number of buy and sell orders that have been placed on a particular security. Higher the trade number, higher is the liquidity on the stock.
Normally, stocks with low trading volume are avoided because of their low liquidity. It needs to be noted by investors that there are some exceptions to that. It is generally perceived that stocks which have the potential to become multi-bagger generally trade with low volume as these are undiscovered stocks.
Notably, in this article, we will have a quick look at the ten most traded stocks on NZX.
Kathmandu Holdings Limited (NZX: KMD)
The stock of KMD closed the day’s trading at $1.03 per share on 12th May 2020, down by 2.83% on an intraday basis. Its 52-week high and low is $2.54 and $0.49, respectively. The stock has given a total return of ~48.39% in the time period of one month and has corrected ~61.69% in the time period of three months. On 12th May 2020, the traded volumes of the stock stood at 6529141.000.
Z Energy Limited (NZX: ZEL)
The stock of ZEL closed the day’s trading at $3.11 per share on 12th May 2020, down by 0.96% on an intraday basis. The stock’s 52-week high and low is $6.85 and $2.50, respectively. The stock has given a total return of ~7.53% in the time period of one month and has corrected ~28.47% in the time period of three months. 2086116.000 volumes were traded on 12th May 2020.
Air New Zealand Limited (NZX: AIR)
The stock of AIR closed the day’s trading at $1.22 per share on 12th May 2020, down by 3.94% on an intraday basis. Its 52-week high and low is $3.05 and $0.80, respectively. The stock has given a total return of ~47.31% in the time period of one month and has corrected ~56.07% in the time period of three months. 3360986.000 volumes were traded on 12th May 2020.
Oceania Healthcare Limited (NZX: OCA)
The stock of OCA closed the day’s trading at $0.740 per share on 12th May 2020, down by 2.63% on an intraday basis. The stock’s 52-week high and low is $1.39 and $0.38, respectively. The stock has increased ~5.63% in the span of one month and has corrected ~37.50% in the time period of three months. 1382934.000 volumes were traded on 12th May 2020.
Spark New Zealand Limited (NZX: SPK)
The stock of SPK closed the day’s trading at $4.69 per share on 12th May 2020, up by 0.97% on an intraday basis. The stock’s 52-week high and low is $4.93 and $3.45, respectively. The stock has given a total return of ~4.55% in the time period of one month and has corrected ~2.54% in the time period of three months. 2212026.000 volumes were traded on 12th May 2020.
Fletcher Building Limited (NZX: FBU)
The stock of FBU closed the day’s trading at $3.23 per share on 12th May 2020, down by 5% on an intraday basis. The stock’s 52-week high and low is $5.70 and $3.05, respectively. The stock has corrected ~1.45% and ~37.15% in the time period of one month and three months, respectively. 2180444.000 volumes were traded on 12th May 2020.
Pushpay Holdings Limited (NZX: PPH)
The stock of PPH closed the day’s trading at $6.44 per share on 12th May 2020, down by 1.68% on an intraday basis. The stock’s 52-week high and low is $6.55 and $2.36, respectively. The stock has given total return of ~64.03% and ~41.63% in the time period of one month and three months, respectively. 562133.000 volumes were traded on 12th May 2020.
Fisher & Paykel Healthcare Corporation Limited (NZX: FPH)
The stock of FPH closed the day’s trading at $30.00 per share on 12th May 2020, up by 1.76% on an intraday basis. The stock’s 52-week high and low is $32.22 and $14.85, respectively. The stock has given total return of ~4.09% and ~23.50% in the time period of one month and three months, respectively. 583252.000 volumes were traded on 12th May 2020.
Tourism Holdings Limited (NZX: THL)
The stock of THL closed the day’s trading at $1.69 per share on 12th May 2020, up by 1.81% on an intraday basis. The stock’s 52-week high and low is $4.35 and $0.55, respectively. The stock has given a total return of ~45.45% in the time period of one month and has corrected ~46.67% in the time period of three months. 494155.000 volumes were traded on 12th May 2020.
Australia and New Zealand Banking Group Limited (NZX: ANZ)
The stock of ANZ closed the day’s trading at $16.59 per share on 12th May 2020, down by 2.70% on an intraday basis. The stock’s 52-week high and low is $31.10 and $14.50, respectively. The stock has given a total return of ~2.67% in the time period of one month and has corrected ~37.28% in the time period of three months. 306947.000 volumes were traded on 12th May 2020.
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