- Trading Volume provides a snapshot as to how well a particular stock has fared in a specified period.
- Precinct Properties New Zealand has announced the settlement of Freyberg Building, located in Wellington.
- Fletcher Building would publish its Annual Results in August 2021.
The trading volume of a particular stock refers to the number of shares traded in a given period, which may be intra-day, inter-day, weekly, monthly, etc. High-volume stocks are traded more often as compared to low-volume stocks.
Trading volume gives a quick snapshot and helps in gauging the reasons behind the upward or downward trends pertaining to given stocks and the market.
In the light of the above background, let us look at the 7 NZX stocks with good trading volumes.
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Precinct Properties New Zealand Limited (NZX:PCT)
Precinct Properties New Zealand Limited at the time of writing noted a trade volume of 712,378. On 21 July, at the time of writing, PCT up by 0.30% at NZ$1.655.
The Company has recently announced the settlement of the acquisition of Wellington-based Freyberg Building for NZ$49 million.
Z Energy Limited (NZX:ZEL)
Z Energy Limited recorded a trading volume of 79,137, at the time of writing on 21 July. It has recently provided a 1Q FY22 update, wherein the Company delivered a solid performance. Despite low margins due to the increase in the prices of crude oil, ZEL's retail volumes for the said quarter were up 51.5% on pcp.
Moreover, it has reaffirmed its RC EBITDAF guidance for FY22 between NZ$270 million and NZ$310 million, along with dividends in the range of 19 cps to 23 cps.
On 21 July, at the time of writing, Z Energy was up by 0.36% at NZ$2.810.
Fletcher Building Limited (NZX:FBU)
Being one of the biggest companies to be listed on the NZX, Fletcher Building Limited recorded a trading volume of 1,664,628, at the time of writing. The Company would publish its FY21 financial results on 18 August 2021.
At the time of writing on 21 July, Fletcher Building was up by 1.70% at NZ$7.16.
Spark New Zealand Limited (NZX:SPK)
The telecom giant reported a trade volume of 939,689, at the time of writing. It has extended the tenure of Ana Wight, who is the Company’s Future Director. Her appointment, which was supposed to cease by July end, has now been extended to December end. The Company is pleased with Wright’s valuable contribution to the Board.
Spark New Zealand gained 0.31% at NZ$4.835, at the time of writing, on 21 July.
Kiwi Property Group Limited (NZX:KPG)
Kiwi Property Group Limited was another stock that was highly active, with a trading volume of 274,663, at the time of writing.
Recently, the Company allotted its fixed-rate senior secured green bonds (KPG050), proceeds of which would be utilisied to refinance energy-efficient buildings as well as repaying the existing debt of KPG.
The shares of Kiwi Property Group were up by 0.43% at NZ$1.175, at the time of writing, on 21 July.
Fisher & Paykel Healthcare Corporation Limited (NZX:FPH)
On 21 July, at the time of writing, Fisher & Paykel Healthcare Corporation Limited recorded a trading volume of 187,042. The stock rose by 0.98% at NZ$31.91.
The Company has notified its stakeholders of its Annual Shareholders’ Meeting, which would be held on 18 August. It would be following all the COVID-19 safety precautions like wearing masks, physical distancing, use of contact tracing COVID-19 app, etc., in its in-person meeting.
However, in case of any significant development related to COVID-19, FPH would virtually conduct its ASM. Details would be communicated to shareholders well in advance.
Air New Zealand Limited (NZX:AIR)
Air New Zealand Limited, at the time of writing on July 21 noted a trading volume of 322,787.
The Company has recently announced new director appointments to its Board, comprising Alison Gerry, Claudia Batten, and Paul Goulter. They would take charge of their new roles later this year, after their approval in the 2021 ASM.
On 21 July, at the time of writing, the shares of Air New Zealand were up by 0.33% at NZ$1.54.