Are these the most active stocks on NZX?

Highlights

• Active stocks are the most traded stocks in a day.
• Many stocks earned high volumes on 17 December.
• Precinct Properties and Pacific Edge were the most traded stocks of the day.

The trading volume of stocks refers to how many shares of a company's stock have been traded on a specific market day. Stock performance, market updates, economic circumstances, and many other variables influence the volume of stocks traded.

A stock's popularity climbs in a single day due to any recent or unexpected event and everyday announcements made by a Company.

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Let’s look at 5 most traded stocks of the day.

Precinct Properties New Zealand Limited (NZX:PCT)

On 17 December, Precinct recorded a trading volume of 6,830,910 and traded at $1.6, down 1.84%, at the end of the market session.

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PCT showed substantial strength in the last 18 months. The Group intends to pay a dividend of 6.7cps for FY22.

Pacific Edge Limited (NZX:PEB; ASX:PEB)

On 17 December, Pacific recorded a trading volume of 6,217,300 and traded at $1.3, down 5.8%, at the end of the market session.

DO READ: Which are the top 5 NZX healthcare stocks of 2021?

Pacific recently inked a deal with an Australian healthcare provider, Northern Health, whose urologists will use Cxbladder Monitor to evaluate its patients who are under surveillance after the treatment of bladder cancer.

Spark New Zealand Limited (NZX:SPK, ASX:SPK)    

On 17 December, Spark New Zealand Limited recorded a trading volume of 4,954,749 and traded at $4.49, down 0.77%, at the end of the market session.

Spark announced Sylvia Ding as his future director on Friday, with his term to begin from 1 February 2022. Ms Ding has been hired under the Future Directors Programme.

ArborGen Holdings Limited (NZX:ARB)

On 17 December, ArborGen recorded a trading volume of 4,731,873 and traded at $1.62, up 1.25%, at the end of the market session.

ALSO READ: Which are 5 NZX dividend stocks under NZ$5?

ArborGen recently completed the sale of its NZ and Australian businesses for $22.25 million. The step was taken because of the strategic evaluation done by the Company.

Goodman Property Trust (NZX:GMT)

On 17 December, Goodman recorded a trading volume of 4,319,184 and traded at $2.58, down 1.9%, at the end of the market session.

GMT announced Thursday that it had purchased Sky’s campus in Mt Wellington for $56 million. The settlement for the same is likely to be done in March next year.

Bottom Line

Investors keep track of the most traded stocks to make more informed investment decisions on a certain day.

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