Weekend wrap: Look at 10 most traded stocks on the NZX

Summary

  • The most traded stocks are the ones that have the maximum volumes.
  • They are the most active stocks as they reflect investors’ interest.
  • Through the stock price, the volumes reflect buys or sells on the stock.

The most active stocks, as the name suggests, reflect investors’ interest, whether for their volume or value. These stocks have the maximum volumes that could see the maximum buys or sells during the day. These stocks could be showing the maximum volumes either due to selling or buying seen on them.  Then, if the selling exceeds the buying, the stock is in red, and if buying activity is more, it is in green.

Higher volumes also indicate liquidity in the stock. Trading volumes are looked at along the price of the stock. Let’s look at the most traded stocks on Friday.

Image source: Copyright © 2021 Kalkine Media

Sky Network Television Limited (NZX:SKT)
SKT was one of the most traded stocks on the NZX. Its volumes were to the tune of 3,642,246 and the stock was down by 1.76% at NZ$0.167 reflecting more sell orders than buys. SKT has made several announcements of late, of which one that is going to have maximum impact, is going to include smaller executive and a flatter structure, where the next generation of Sky leaders are empowered to deliver clear outcomes and collaborate with each other.

Also Read: What are growth stocks? Seven most popular growth stocks on the NZX

Meridian Energy Limited (NZX:MEL)

It was one of the most traded stocks on the NZX on Friday. It reflected trading volumes as high as 2,242,183, down by 1.41% at NZ$5.220. The volumes and the price both reflected more sells. The operating report announced sometime back is not making the investors very enthusiastic about this stock. The report stated that the Company’s Q3 inflows were 70% of historical average and 31% lower versus pcp.

Also Read: Meridian Fined $11 million For Wasting Water, Contact Fined $5 million.

NZ Windfarm Limited (NZX:NWF)

NWF was also one of the most traded stocks on the NZX. The volumes were 1,781,940, and the stock was up by 7.89% at NZ$0.280. Recently, NZ Windfarms agreed to a variable fixed price agreement (WFPA) for 25% of its production from 1 October 2022.

Kiwi Property Group (NZX:KPG)

The Group reported trading volumes of 1,178,357. The stock was trading flat at NZ$1.180.
The latest announcement made by KPG was that it was considering offering green bonds. It is one of the top real estate investment trusts in NZ that invests in diversified portfolio of properties.

Spark New Zealand Limited (NZX:SPK)

Spark was also one of the most active stocks on the NZX. The volume of trade for this stock was 1,906,976 and the stock price was NZ$4.890, down by 0.51%.
Do Read: Which are the top four telecom companies in New Zealand?  

Also Read: Did You Know These 5 NZX-Listed Stocks Could Bring You Good Growth?

Auckland International Airport (NZX:AIA)

The trading volumes reported on AIA were to the tune of 1,549,804 and the stock was down by 1.45% at NZ$7.460. Although the company recently announced that it would be announcing its annual results on 19 August 2021, the investors are not enthused as the year has been generally bad for the international trade. As a result, the volumes reflected more sells than buys on the stock.

Do Read: Why are these 7 NZX-listed shares drawing investors’ attention? ATM, FCG, TRU, WBC, CRP, AIA, TLL

Argosy properties Limited (NZX:ARG)

This reflected strong volumes at 1,040,921, down by 0.29% at NZ$1.690. The Company recently held its investor day presentation, in which it revealed all its achievements and its resilience during the pandemic. It also reported that the Company had performed well on the back of highly diversified portfolio of real estate by sector, locations, and tenant mix.

EBOS Group (NZX:EBO)

EBO also reflected high volumes on Friday. The trading volumes were almost 1,332,712 and the stock was up by 0.66% at NZ$32.00. The Company into general and animal healthcare appointed a new independent director. But more than that, the investors are bullish on it because of increasing healthcare needs for humans and pets.

Also Read: What are growth stocks? Seven most popular growth stocks on the NZX

Promisia Healthcare Limited (NZX:PHL)

It was one of the most traded stocks on the NZX today with volumes at 1,050,000. The stock was trading flat at NZ$0.002.

Precinct New Zealand (NZX: PCT)

This is another stock that reflected high volumes. It reported trading volumes to the tune of 956,562 and the stock was down by 2.34% at NZ$1.670. Recently, the Company announced that its retail offer for NZ$30M was oversubscribed and it was supported well by the shareholders.

Comment


Disclaimer

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK