Weekend wrap up: Are these the most active stocks on NZX?

Highlights

  • Most active stocks are the stocks that see the highest trading activity on a given day.
  • Spark and Blis were the most traded stocks of the day.
  • Ryman was the third most active stock of the day. 

Most active stocks on an exchange are the stocks that trade in the highest volumes on a given day. These stocks see big movements in price and increased volatility that may present trading prospects.

Active stocks are the stocks that witnessed a lot of trading activity through the course of the day.

Here are the 5 stocks that traded the most on the NZX on Friday.

5 most traded stocks

Image source: © 2021 Kalkine Media, Data source- Refinitiv

Spark New Zealand Limited (NZX:SPKASX:SPK)    

Spark was the most traded stock of the day. The volume of the trade was at a high of 1,986,344. The stock price of SPK was up by 0.91% to $4.45 on 3 December.

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Spark’s subsidiary, Spark Finance announced that it had established 3 sustainably linked loans of $425 million. The Group has also pledged to lower its absolute Scope 1 and 2 GHG emissions by 56% by FY30 under a Science-Based Emissions Reduction Target.

Blis Technologies Limited (NZX:BLT)

Blis Technologies was the second-most traded stock of the day. The volumes traded were up at 1,558,981, while the stock price was down 1.96% to $0.05 on 3 December.

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BLT announced on 1 December that its Marketing and e-commerce Director, Laura Grant, has resigned due to personal reasons. She will stay in the role till 31 March 2022.

Ryman Healthcare Limited (NZX:RYM)

Ryman was the third most traded stock of the day, recording total volumes of 1,433,907. The stock was up 1.58% at $12.2.

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Ryman posted an increase of 8.5% in its underlying profit of $95.9 million for the half-year ended 30 September 2021. It also posted a 32.5% rise in reported profit to $281.5 million because of investment property revaluations.

The Group also reported an interim dividend of 8.8cps for the period.

Kiwi Property Group (NZX:KPG)

Kiwi Property was also one of the highest traded stocks with volumes of 900,078. KPG ended the trading session at $1.145, up by 0.44% from the previous close.

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KPG announced on 2 December that it had inked a deal with IKEA to offer its 3.2 hectares of land at Sylvia Park. The Group also intends to develop a 6430 square metre retail centre next to the land provisionally sold to IKEA.

Contact Energy Limited (NZX:CENASX:CEN)

Contact Energy was also amongst the most traded stocks, reporting trading volumes of 724,802. CEN ended the trading session at $7.89, up by 0.64% from the previous close.

Contact released a report this month that summarised advantages of a market-based solution and ways to handle decarbonisation of thermal electricity generation at minimum cost.

Bottom Line

Investors can make more informed decisions by knowing the most traded stocks of the day.

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

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