Look At The 7 Most Buzzing Stocks Of The Week

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The most traded stocks have the highest volumes at any given time. Volumes are generally calculated based on the total buy and sell orders placed on that stock. The volumes generally reflect the liquidity of the stock. The most traded stocks are also the ones that are the most active on the NZX on that particular day, week, or the month. Large trading volumes also appear in the close proximity to stock price.

Let’s have a quick glance at the stocks with the highest volumes during the week.

Goodman Property Trust Limited (NZX:GMT)

GMT reflected the highest volumes in Friday’s trade at 2,548, 985. The stock was also up by 0.44% at NZ$2.300. Its weekly range was 1,080,00 shares.

GMT seems to be the most popular stock as the Company recently distributed its third quarter distribution payment. It announced to its shareholders that the Q3 distribution for the year ending 31 March 2021 had been paid. The distribution included a cash element of 1.325000 cps with 0.284517 cps imputation credits attached.
Also Read:  A glance at companies offering dividends in March- ENS, HGH, ARV, PGW, KFL, and GMT

Michael Hill International (NZX:MHJ)

MHJ was also one of the most traded stocks of the day and the week. Its trade volumes were the second highest at 1,498, 653 at the time of writing. The stock price was NZ$0.900, up by almost 1.12%. The Company announced its sales update on Thursday, which reflected an upward trend and constant improvement in the margins. The sales update also had a strong online sales platform rise of almost 93% increase year to date.

Spark New Zealand (NZX:SPK)

SPK was one of the most traded stocks on the NZX. Its trade volume has been between 1,243,374 to 1,290, 441 during the week. The price of the stock was NZ$4.430, up almost 0.68%. The buys of the stock reflect the potential that investors are seeing in in them. Recently, it announced its positive trading update and before that had announced its Dividend Reinvestment Plan, with the price of NZ $4.43 for each share. This price is at a discount of 2%.

Also Read: Samsung Collaborates With Spark New Zealand To Roll Out 5G In Christchurch

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Oceania Healthcare Limited (NZX:OCA)

OCA was also trading high on the NZX during the week. The trade volumes were around 1,159,044 during the week and the stock indicated more buys that sells as it was trading in green.
Also Read: Why Are These NZX Stocks –SEK, WHS, MHM, OCA, TLC, WBC-the highlights Today?

On Thursday, the Company announced that its capital raise initiatives had been very fruitful. Its non-unwritten NZ$20 M retail offer had been oversubscribed. OCA has received an application for approximately NZ$ 50 M.

Kiwi Property Group (NZX:KPG)

The stock was trading with high volumes, almost at the level of 997,432. The stock was flat at NZ $1.240 at the time of writing.
Also Read: Kiwi renters are struggling despite government’s housing market changes.
The latest announcement from the Group came on Monday when KPG and Tainui Group Holdings (TGH) announced a partnership. The JV made the way for creation of a mixed-use precinct in the heart of Hamilton’s CBD. Before that, KPG had also announced its sustainable debt programme.

Infratil Limited (NZX:IFT)

Infratil was highly traded stocks on Friday. It reported volumes of 574,126 at the time of writing. The stock was up by 0.50% at NZ$7.035. On Thursday, Tilt Renewables’ announced a better plan its for shareholders as compared to the scheme of arrangement disclosed to the market on 15 March 2021. There was also a trading halt till the outcomes were decided.

NZ Windfarm Limited (NZX:NWF)

NWF also reflected the highest trading volumes. The stock was trading flat at NZ $0.205 and the volumes were around 748,331 and 515,473, respectively, during the week. NWF, in the beginning of the week, had announced that an agreement on its next Variable Volume Fixed Price Agreement (VVFPA) had been reached for all of its production from January 1 to September 30, 2022. The new agreement is a revised one and will help the company a great deal.

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