Are these 5 the most active stocks on NZX today?

Highlights

• Most active stocks are stocks that trade in highest volumes in a day.
• Kathmandu Holdings and Z Energy were the most traded stocks of the day.
• Auckland International reported its total passenger volumes reduced by 92.2% and 92.5%, respectively, in September and October.

The most active stocks of the day are those that traded in the largest volumes on a given day. The reason they are the most traded may be any positive or negative news that led a particular stock to trade in large volumes.

Here is a look at the 5 most traded stocks in Friday’s trading session.

Image source: © 2021 Kalkine Media, Data source- EODHD/Others

Kathmandu Holdings Limited (NZX:KMD)

Kathmandu Holdings was the most traded stock of the day, posting a trading volume of 7,551,563. On 26 November, KMD ended the trading session at $1.51, lower by 1.31%.

RELATED READ: How are 5 NZX retail stocks doing amid sharp rise in imports?

KMD delivered a 35.9% increase in EBITDA on pcp of $113.3 million in FY21 while also gaining full 12-month ownership in FY21. COVID-19 related closures substantially impacted the Group’s Q1 FY22 results.

Z Energy Limited (NZX:ZEL)

Z Energy was the second most active stock of the day, posting a trading volume of 1,567,683. On 26 November, ZEL ended the trading session flat at $3.51.

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Z announced on Thursday that the forex rate used for ZEL’s interim dividend had been set at 0.9616. The same will be paid to Australian investors in AUD on 8 December 2021.

Precinct Properties New Zealand Limited (NZX:PCT)

Precinct was the third most active stock of the day. On 26 November, PCT ended the trading session by 0.64% at $1.56 and reported a high trading volume of 1,013,330.

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PCT posted robust FY21 results, with the Group financials exhibiting portfolio resilience and investor confidence. The Group announced that its shareholders would get a dividend of 1.675cps for Q1, due to be paid on 10 December 2021.

Auckland International Airport Limited (NZX:AIA; ASX:AIA)

Auckland International was also amongst the most traded stocks on Friday. On 26 November, AIA ended the trading session lower by 0.88% at $7.85 and reported a high trading volume of 637,090.

AIA notified that its total passenger volumes decreased by 92.2% and 92.5%, respectively, in September and October. Auckland stayed at Alert Level 3 in October, limiting both domestic and international services.

Pacific Edge Limited (NZX:PEB)

Pacific Edge was also amongst the most active stocks, noting a trading volume of 625,092. On 26 November, PEB ended the trading session lower by 4.62% at $1.24.

RELATED READ: Pacific Edge (NZX:PEB) reports strong revenue growth in half-year results

PEB posted robust growth in revenue despite disruptions caused by COVID-19 for 6-months ended 30 September 2021. Increasing insurance exposure and acceptance by urologists and healthcare organisations, reimbursement objectives drove PEB’s growth in the period.

Bottom Line

Investors can make a more informed investment decision by knowing about the most traded stocks of the day.

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