A look at the 5 most popular stocks on NZX this week

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A look at the 5 most popular stocks on NZX this week

 A look at the 5 most popular stocks on NZX this week
Image source: Bro Crock, Shutterstock.com

Highlights

  • Most traded stocks are the volume leaders.
  • These stocks are heavily traded on a given day.
  • New Talisman Gold, Air NZ and a2 Milk were the most traded stocks of the day.

Most traded stocks are those stocks whose shares have the biggest trading volumes on an exchange. Active stocks are generally the volume leaders and are heavily bought and sold.

Here’s the list of the 5 most traded stocks on NZX this week.

Source: © Rido | Megapixl.com

New Talisman Gold Mines Limited (NZX:NTL)

NTL was the most traded stock on Thursday with a trading volume of 4,221,654.

Despite the interruptions caused by COVID-19 and the political situation, NTL had a difficult 2021.

For the quarter ended 31 March 2022, the Group's mine site work remained on hold as NTL focused on developing the Talisman Mine's strategic plan and analysing fundamental assumptions and costings.

On 17 June, at the time of writing, NTL was trading flat at $0.001.

Air New Zealand Limited (NZX:AIRASX:AIZ)

Air NZ has been another most traded stock and reported a total volume of 4,169,458 on 16 June.

DO READ: AIR, AIA, THL: 3 NZX travel stocks in focus this winter

Air New Zealand predicts a loss of less than $750 million in FY22, down from an earlier forecast of less than $800 million. However, new covid types, travel restrictions in some countries, and the effects of the Russia-Ukraine war continue to have an influence on airline statistics.

On 17 June, at the time of writing, AIR was trading at $0.545, down 5.22%.

The a2 Milk Company Limited (NZX:A2MASX:A2M)

The a2 Milk also showed higher trading volumes of 2,563,399.

GOOD READ: GNE, CEN, MEL, VCT: 4 NZX utilities in news amid rising power prices

After the largest producer in the US, Abbott Laboratories had to close its manufacturing plant due to bacteria found on the premises, the company had been eyeing its entrance into the US. ATM is facing a class-action lawsuit in New Zealand for giving false information about its capacity to reach revenue and profitability targets.

On 17 June, at the time of writing, ATM was trading at $4.49, down 0.44%.

SkyCity Entertainment Group Limited (NZX:SKCASX:SKC

SKC traded good volumes at 2,017,078 shares.

ALSO READ: SkyCity (NZX:SKC) expects rapid business recovery to trigger profit in FY22

Skycity anticipates a Group normalised EBITDA between $135 million and $140 million and a Group normalised NPAT of between $3.5 million and $7 million for FY22 because of rapid recovery in the business after easing of COVID-19 curbs.

On 17 June, at the time of writing, SKC was trading at $2.67, down 2.2%.

Spark New Zealand Limited (NZX:SPKASX:SPK)

Spark recorded a trading volume of 2,001,169 shares on 16 June.

Spark made changes to its Board recently. It appointed Gordon MacLeod and Sheridan Broadbent as independent and non-executive directors from 1 August 2022.

On 17 June, at the time of writing, SPK was trading at $4.58, down 1.72%.

(NOTE: Currency is reported in NZ Dollar unless stated otherwise)

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