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- Various stock performances across the week reflected in their trade volumes.
- Energy and the Gold Mining companies besides others were the most traded stocks, according to market figures.
- Telecom Company, which telecom company? Spark announced its interim results, possible reason for higher trading.
Most traded stocks are the ones with the highest trading volumes. The volumes reflect higher trade and higher trade reflects the liquidity of the stock. The most traded stocks are the active stocks of the day, week or the month.
There is a close connection between the trading volumes and the stock price. If the stock is down, it indicates more sells, and if it is up, it indicates more buys. You can determine how investors are looking at a stock by looking at the volume.
Volumes also appear in close proximity to the stock price. Such volumes are often the result of a large number of orders being filled on certain price levels when big players enter the market.
Let’s see what these stocks have done so far and what the weekend holds in store.
Pushpay Holdings (NZX:PPH)
Offering donor management system solutions, the Company focusses on simplifying payment and administration for its clients. The Company recently issued a capital change notice and a Substantial product Holder notice for interest in Mawer Investment Management Ltd. As of 26 February, Pushpay Holdings last traded at N$1.680, at the time of writing. The Trade volume for the Company stands at 26,932,062.
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Contact Energy Limited (NZX:CEN)
This sustainable energy Company works towards creating valuable solutions for electricity generation and making people’s lives easier. The Company recently announced a retail offer for the sum of N$75M. The revenue earned by the Company till 31 December 2020 was N$1,141M as revealed in the interim results declared recently. The trade volume recorded for them was 2,338,962. As of 26 February, Contact Energy Limited last traded at N$6.720, down by 2.18%, at the time of writing.
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Spark New Zealand (NZX:SPK)
This NZ-based telecom company functions in mobile, landline, and internet solutions, etc, and is widespread across the country. The Company recently announced its revenue as N$1796M in its FY21 results. The trade volume was recorded to be 2,115,238. As of 26 February, Spark New Zealand last traded at N$4.650, down by 1.27% at the time of writing.
Sky Network television limited (NZX:SKT)
This NZ-based pay television Company focusses on providing entertainment content to its customers across the country. According to the Company’s interim results released on 23 February, N$356.9M was earned in revenue. The Company’s trade volume was recorded to be 1,931,276. As of 26 February, Sky Network television limited last traded at N$0.169, down by 0.59%, at the time of writing.
New Zealand Windfarms (NZX:NWF)
Having recently announced its interim results for H1FY21, the sustainable energy-producing company earned a revenue of N$5.4M. Its aim is to generate clean energy for homes and help in reducing the carbon footprint on the planet. The trade volume for the Company was recorded at 1,774,933. As of 26 February, NZ Windfarms last traded at N$0.168, down by 7.18% at the time of writing.
Kiwi Property Group Limited(NZX:KPG)
This NZ-based real estate company is responsible for some of the prime properties for offices and shopping centres in the country. It has recently announced the appointment of a new General Manager -- Mr. Steve Penney -- for Funds management. It announced its sales growth in December 2020 of 4.2% from pcp. The trade volume for the Company was recorded to be 1,575,746. As of 26 February, Kiwi Property Group Limited last traded at N$1.195, down by 0.42%, at the time of writing.
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New Talisman Gold Mines Limited (NZX:NTL)
The NZ-based Gold Mining Company recently announced the acquisition of ‘Broke Hills Historic Gold Mine’. The Company further revealed its quarterly activities reporting till 31 December 2020. The Company’s trade volume was recently recorded to be 1,505,917. As of 26 February, New Talisman Gold Mines Limited last traded at N$0.004, down by 20.00%, at the time of writing.