Look At 5 Most NZX Traded Stocks Of The Week

Summary

  • The most traded stock are the most active stocks of the week
  • They are called most traded for the volumes they reflect
  • The stock price shows whether there were more buys or sells

Most traded stocks are on investors’ radar whether for selling or buying. These stocks also reflect trading volumes which might be the highest and are calculated on the basis of total buy or sell orders placed on them. The volumes reflect higher trade and higher trade reflects the liquidity of the stock. The volumes have to be looked at in close proximity to the price of the stock.

Promisia Healthcare Limited (NZX:PHL)

PHL was the most traded stock. Its volumes were to the tune of 16,000,000 and was trading flat at NZ$0.001. Recently, there have been no announcements by PHL on the NZX. The last update from the Company was about the Ranfulrly development, whereby it had announced that the construction was in progress. 
Also Read: Prominent NZX stocks that waxed and waned today - PHL, BGI, SVR, SPY

Spark New Zealand Limited (NZX:SPK)

SPK was also one of the most traded stocks of the week. On Friday at the close of the trade, the stock was 0.34 % down at NZ$4.445, reflecting more sells than buys. The total volume of trades was  1,733,756.. Spark is a telecom company that is high growth due to current rollout of 5G across New Zealand. It had announced a dividend reinvestment plan for its investors, the price of which was fixed at  at NZ$4.4372.

The a2 Milk Company (NZX:ATM)

ATM was also one of the most traded stocks on the NZX this week. On Friday its volumes were 1,515,974, the price of the stock was up by 1.17% at NZ$ 6.030. The Company had recently announced its 1HFY21 results which reflected that despite Covid-19 induced restrictions, the Company had noted  a strong growth. However, its full year sales figures were down and reflected the challenges due to daigou channel sales.  ATM announced that despite the first quarter FY22 looking afflicted with the impact of disruptions, the rest of the year promises to be better.
Also Read: A Sneak Peek at 6 NZX Gainer and Losers Of The Day--ARB, SEK, AMP, ATM, MEE, CRP?

Contact Energy Limited (NZX:CEN)

CEN also reported high volumes due to the week. Throughout the week it was more sells than buys  in this stock. The volumes on Friday were 1,490,274 down by 0.53% at NZ$7.560.

Sky Network Television Limited (NZX:SKT)

SKT also reported maximum volumes at 1,326,367. The stock price was down by 1.16% at NZ$0.171.

SKT of late announced that it was going to restructure its leadership positions. It will have smaller executive and a flatter structure.

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