Are These 6 Stocks Gaining Any Volume On NZX?

Summary

  • Kiwi Property Group declares a remarkable FY21 performance with NZ$196.5 million as its NPAT.
  • Pacific Edge announced as the winner of the renowned INFINZ investor relations award.
  • Ryman Healthcare continues to see solid demand for its aged care facilities across New Zealand and Victoria.

One of the most fundamental-yet-helpful ways of how a stock is performing is by keeping a watch on the volume of its daily trading.

Investors can scan through the trading volumes on an intra-day, weekly, or even monthly basis to make an informed and wise decision while investing in their desired stocks.

Source: Copyright © 2021 Kalkine Media

Here is a compilation of some of the agile NZX stocks which are alluring investors. 

Auckland International Airport Limited

Auckland International Airport Limited (NZX:AIA; ASX:AIA) at the time of writing on 26 May was trading with a volume of 107,761.

AIA’s Chief Executive, Adrian Littlewood, revealed his intention to depart from the Company towards the end of 2021 after serving AIA for almost 9 years.

On 26 May, at the time of writing, Auckland International Airport was trading down by 0.62% at NZ$7.195.

Read: 5 NZX Stocks To Watch Out For On Budget Day- KPG, SKT, AIA, GTK, PX1

Kiwi Property Group Limited

Kiwi Property Group Limited (NZX:KPG) at the time of writing on 26 May was trading with a volume of 302, 067.

It has recently announced a spectacular FY21 performance with an NPAT of NZ$196.5 million and an operating PBT of NZ$116.3 million. KPG's balance sheet position remained sturdy with a gearing of 31.2%.

The Company aims to become carbon neutral by 2030 and will pay a final dividend of 2.95 cps on 24 June 2021.

On 26 May, at the time of writing, Kiwi Property Group was trading flat at NZ$1.220.

Spark New Zealand Limited

Spark New Zealand Limited (NZX:SPK; ASX:SPK) at the time of writing on 26 May was trading with a volume of 400,038.

Its subsidiary, Spark Finance, has extended its credit facility by a year. The said standby will now mature in 2024.

On 26 May, at the time of writing, Spark New Zealand was trading up by 0.66% at NZ$4.545.

Read: Is NZ’s Telecom Sector All Set To Experience Growth? 5 Related Stocks- CNU, SPK, VTL, TLS, VCT

Ryman Healthcare Limited

Ryman Healthcare Limited (NZX:RYM) delivered an impressive annual result for the year ended 31 March 2021. Its underlying profit stood at NZ$224.4 million and total assets were recorded at NZ$9.17 billion, up 19.5%. RYM continues to witness strong demand for aged care facilities across NZ and Victoria.

On 18 June, the Company will pay a final dividend of 13.6 cps.

At the time of writing on 26 May, Ryman Healthcare was trading with a volume of 144,791.

On the same day, Ryman Healthcare was trading up by 1.09% at NZ$13.010.

Read: How 6 NZX Stocks are moving the needle? AIR, MEL, PEB, OCA, RYM, A2M

Pacific Edge Limited

Pacific Edge Limited (NZX:PEB) is emerging as one of the most active stocks with a trading volume of 691,123 at the time of writing on 26 May.

It has recently bagged the ‘NZX Emerging Leaders Best Investor Relations Award’ at the acclaimed INFINZ Awards dinner. One of the prime reasons for which PEB has received the honour is because of the systematic positioning of its investor relations policy and the deliverance of the outcomes.

On 26 May, at the time of writing, Pacific Edge was trading unchanged at NZ$1.200.

Read: Market Highlights: 5 Interesting NZX Stocks To Watch Out For

My Food Bag Group Limited

My Food Bag Group Limited (NZX:MFB) is New Zealand’s meal kit supplier and operates an online food delivery business across the country. It posted a handsome revenue of NZ$190.7 million for FY21, up 24% on pcp.

The Company’s pro forma EBITDA jumped 78% to $29.0 million during the year.

It is expecting to achieve an NPAT of NZ$20.1 million, revenues amounting to NZ$186.4 million and EBITDA of NZ$34.2 million for FY22.

At the time of writing on 26 May, My Food Bag Group was trading with a volume of 35,330, down by 2.67% at NZ$1.460.

Stocks gain momentum in case of any modification in government policy, company announcement or a change in market sentiments. Investors should consider various aspects like trading volume, stock performance, etc., before making any investment decision.

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