5 NZX Stocks Gaining Volume During The Market Session - FBU, KMD, OCA, SPK, PCT

Summary

  • Fletcher Building has scheduled its Investor’s Day late in May 2021 during which, details of future strategies would be shared.
  • Kathmandu Holdings declared a robust half-year performance with Rip Curl recording higher sales and profits.
  • Oceania Healthcare to announce its annual results on 21 May.

Every day, New Zealand Stock Exchange witnesses high volumes of stocks being traded on it. Trading volume is a way to estimate the number of shares that has been traded in a stock exchange during the market session.

With proper analysis and study of the volume patterns of the stocks being traded, investors and shareholders can gauge the strength and robustness of stocks as well as they can make sense of the sentiments of markets.

Generally, the volumes soar at the time of the market opening or closing time because intraday traders and investors need to reserve and shut down their positions for the day during the mentioned period.

Source: Copyright © 2021 Kalkine Media Pty Ltd

Against the given backdrop, let us take a peek at the 5 NZX stocks to know whether their shares are gaining volume or not.

Fletcher Building Limited

Fletcher Building Limited (NZX:FBU; ASX:FBU) has scheduled its virtual Investor’s Day on 26 May 2021.

Aimed at investors and analysts, the agenda of the Investor’s Day would focus on the Company’s strategies and financials. Also, presentations would be made by FBU’s Chief Health and Safety Officer and the Chief People and Communications Officer.

At the time of writing on May 5, Fletcher Building’s trading volume was recorded at 25,442.

Simultaneously, Fletcher Building was trading down by 0.14% at NZ$7.360.

Must Read: Why Did These 5 NZX-Listed Stocks Make A Buzz- STU, FBU, SKC, MFB, NPH?

Kathmandu Holdings Limited

Kathmandu Holdings Limited (NZX:KMD; ASX:KMD) announced a remarkable 1H FY21 performance. In spite of COVID-19-related challenges, its iconic brands Rip Curl and Obozwitnessed robust sales and profits because of the successful diversification and product innovation strategy of the Company.

KMD recorded a statutory NPAT of $22.3 million and an underlying EBITDA of $48.2 million during the period.

The Company announced an interim dividend of 2.0 cps, payment of which will be made on 4 June 2021.

At the time of writing on May 5, Kathmandu Holdings’ trading volume was recorded at 161,032.

Simultaneously, Kathmandu Holdings was trading down by 0.14% at NZ$7.360.

Oceania Healthcare Limited

Oceania Healthcare Limited (NZX:OCA; ASX:OCA) recently declared to publish its annual results for 10 months ended 31 March 2021 on 21 May 2021.

Further, a webcast would be held on the same day, which would be hosted by both its CEO, Brent Pattison and its Acting CFO, Kathryn Waugh.

Also, it must be noted that the Company had recently announced the oversubscription of its retail offer of NZ$20 million.

At the time of writing on May 5, Oceania Healthcare’s trading volume was recorded at 263,994.

Simultaneously, Oceania Healthcare was trading down by 1.44% at NZ$1.37.

Must Read: Stocks Garnering Attention Ahead Of The ANZAC Day- OCA, MCY, JLG, GSH, VGL, MPG

Spark New Zealand Limited

Spark New Zealand Limited (NZX:SPK; ASX:SPK) has a wholly owned subsidiary, Spark Finance Limited, which undertakes the borrowing activities for the entire group.

Recently, Spark Finance announced that it had prolonged the duration of its standby revolving credit facility worth NZ$200 million by 1 year i.e. the maturity date would now be 30 April 2024.

At the time of writing on 5 May, Spark New Zealand’s trading volume was recorded at 219, 266.

Simultaneously, Spark New Zealand was trading flat at NZ$4.55.

Precinct Properties New Zealand Limited

Precinct Properties New Zealand Limited (NZX:PCT) had recently declared the terms for the sale of the remaining 50% sale interest in ANZ Centre had been met, thereby making the agreement unconditional.

The deal is likely to be completed in mid-May 2021.

At the time of writing on 5 May, Precinct Properties New Zealand’s trading volume was recorded at 495,939.

Simultaneously, Precinct Properties New Zealand was trading up by 0.60% at NZ$1.68.

Do Read: Why These 6 NZX Stocks Are Gaining Prominence Today- PCT, IFT, OCA, ARG, CEN, TPW


Disclaimer
The website https://kalkinemedia.com/nz is a service of Kalkine Media New Zealand Limited (Kalkine Media), Company Number: 8107196. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

   

Kalkine

Rated 4.3/5 based on 904 Reviews at Google My Business
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK