- Many stocks gained volumes on the NZX.
- These were the most traded stocks.
- These stocks were on top of investors’ list due to the announcements they made.
The stocks that were traded the most were the ones with the maximum volumes. Let’s have a look at the volumes and the stock prices and ascertain whether there were more sells or buys on those stocks.
SKY Network Television Limited (NZX:SKT)
SKT was the most traded stock today at 4,425,425, up 0.58% at NZ$0.172. The volumes and the price indicate a lot of interest of the investors. SKT has been the most popular stock of the week. On 20 May, SKT signed a multi-year partnership with ESPN to show the content across platforms.
Through this partnership the customers will get on-demand content
Oceania Healthcare Limited (NZX:OCA)
Oceania Healthcare also reflected good volumes. It was at 1,870521 and the stock was up by 0.72% at NZ$1.390. The Company announced its 10-month results on 21 May 2021.
OCA reported an EBIT of NZ$56.2M for a 10-month period ended 31 March 2021. The company’s achievements include sales volumes increase of 26%, aged care business performing better than expected - reflecting a 92.4% occupancy - and the completion of 217 units and care suites during the 10 months.
Precinct Properties Limited (NZX:PCT)
PCT also traded high volumes at 982,580. The stock was trading up by 1.61% at NZ$1.575, reflecting more buys than sells. Recently, PCT announced that the redevelopment of One Queen Street was going to begin shortly. This will be the second stage of development on Commercial Bay in the centre of Auckland, which opened a year ago.
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Spark New Zealand Limited (NZX:SPK)
Spark was also one of the most traded stocks on the NZX. The volume of the trade for this stock was 895,984 and the stock price was NZ$4.525, up by 0.67%.
Meridian Energy Limited (NZX:MEL)
MEL stock also gathered volume intraday. It was 884.897. The stock price was NZ$5.270, up by 2.33%. MEL, one of the largest utility companies, announced as recently as 27 May that it had extended the electricity swap agreement with New Zealand Aluminium Smelters Limited (NZAS) till 30 June 2021 to help the country manage the hydrology conditions New Zealand was experiencing.
Pacific Edge Limited (NZX: PEB)
Pacific Edge traded high volumes at 700,993. The stock price at which the Company was trading, was NZ$1.170, up by 0.85%. Recently, the Company announced strong full-year results for FY21. The Company reported a revenue increase of 101% at NZ$10.4M, its cash receipts improved, and total operating expenses also increased by 2%. However, the net loss after tax improved by 25%.