Are these the 5 most active stocks on NZX?

Highlights

  • Being highly active, the most traded stocks indicate the market sentiments over a particular period.
  • Sky Network Television enters into a strategic partnership with WarnerMedia.
  • Pacific Edge applies to be listed as a Foreign Exempt Entity with the ASX.

The most active stocks refer to those stocks which are tremendously traded on the stock exchange, for a specific duration, like daily, weekly, fortnightly, monthly, etc.

Being highly liquid, these stocks are frequently traded on the board and reflect the market as well as investors’ sentiments.

With this backdrop, let us skim through the most active stocks on the NZX.

Source: Copyright © 2021 Kalkine Media

Sky Network Television Limited (NZX:SKT; ASX:SKT)

Sky Network Television Limited was one of the most active stocks on Monday and recorded a trade volume of 6,135,972. The Company has recently signed a strategic, long-term, multi-year content deal with WarnerMedia, a globally acclaimed entertainment conglomerate.

The deal would provide Sky customers with exclusive access to more premium content from CNN, HBO, Cartoon Network as well as Warner Bros. TV & Movies.

On 30 August, at the closing bell, Sky Network Television jumped by 6.02% at NZ$0.176.

Related Read: Sky Network (NZX:SKT): Why is it divesting some of its NZ located property?

Pacific Edge Limited (NZX:PEB)

Pacific Edge Limited, a cancer diagnostic company, witnessed a trade volume of 2,943,707. As per the latest update today, the Company has announced to file an application to dual list as a Foreign Exempt Entity with the ASX. It, however, would continue its primary listing on the NZX.

PEB is expected to be listed on the ASX by September end, subject to getting approval by the ASX.

At the market close, Pacific Edge surged by 4.48% at NZ$1.400, on 30 August.

Must Read: Which are 10 major healthcare companies trading on NZX?

Blis Technologies Limited (NZX:BLT)

Functioning as a biotechnology company, Blis Technologies Limited recorded a trading volume of 1,727,459. The Company had recently disclosed the stepping down of Julie Curphey, its Chief Marketing Officer, w.e.f. 29 October.

BLT will soon begin the search for a suitable replacement.

Shares of Blis Technologies dipped by 1.52% at NZ$0.065, on 30 August, at the market close.

Related Read: Why these 10 penny stocks can matter in 2021

Meridian Energy Limited (NZX:MEL; ASX:MEZ)

Meridian Energy Limited, the electricity giant, recorded a trading volume of 2,115,530 on Monday. It will pay a final dividend of 11.20 cps on 15 October, thus, bringing the full-year dividend to 16.90.

At the end of the trading session, Meridian Energy rose by 1.18% at NZ$5.130, on 30 August.

Also Read: Which are the 10 most traded shares on NZX?

Argosy Property Limited (NZX:ARG)

Argosy Property Limited witnessed a trading volume of 1,947,497 on 30 August. The Company had recently extended its bank facilities worth NZ$215 million.

It is noted that the above bank facilities are being offered by a consortium of banks, including ANZ, WBC, Bank of New Zealand Limited, and others.

On 30 August, Argosy Property climbed by 1.23% at NZ$1.640, at the closing bell.

Related Read: Which are five prominent names in New Zealand’s real estate sector?

Bottom Line

Active stocks or the most traded stocks give valuable insights to investors and stakeholders on the liquidity as well as the price movement of securities.

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