Are these 5 the most active stocks on NZX today?

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Are these 5 the most active stocks on NZX today?

 Are these 5 the most active stocks on NZX today?
Image source: Gsign76, Shutterstock.com

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.

5 Most Active Stocks of the Day

Image source: © 2021 Kalkine Media, Data source- Refinitiv

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.

ALSO READ: Do these 5 Renewable Energy stocks have potential to grow in 2022?

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.

DO READ: Which 3 NZX REIT stocks to explore amid robust housing sales?

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:AIAASX: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)

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