- Trading volume indicates the overall sum of shares traded in the market at a particular time.
- Z Energy conducted its Investors’ Day, giving insights into its future business strategy and low carbon progression.
- Spark New Zealand to unveil its Annual Results for FY21 next month.
Volume of any stock trading during the market session plays an important role in an investor’s decision to make an investment. Trading volume reflects the number of securities exchanged amid the trading session at any period.
Let us now skim through some of the active NZX stocks during the market session.
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Z Energy Limited is amongst the most active stocks on 30 July, at the time of writing, with a trading volume of 215,564. On its Investors’ Day which was held on Wednesday, the Company mentioned about its future strategy to optimise its business earnings, thereby delivering sustainable dividend growth, and steadily transitioning to a low carbon future.
Moreover, ZEL has outlined a roadmap of delivering 15% annual earnings growth and a minimum of 19 cps of returns to its shareholders towards the end of FY24 by following a prudent capital management strategy.
On 30 July, at the time of writing, Z Energy declined by 0.33% at NZ$2.99.
Spark New Zealand Limited, NZ’s famous telecommunications services, recorded a trading volume of 90,641, at the time of writing, on 30 July. It has recently updated about its plan to publish its FY21 Annual Results for the period ended 30 June 2021, on 18 August.
Investors and analysts are being invited to the teleconference. Also, it is noted that there would be neither any webcast nor any live audience.
On 30 July, at the time of writing, Spark New Zealand rose by 0.42% at NZ$4.790, on 30 July.
NZ’s leading electricity company, Meridian Energy Limited noted a trading volume of 143,895, at the time of writing, on 30 July. The Company has disclosed that it would hold its Annual Shareholder Meeting on 6 October.
Further, MEL would accept the director nominations till 6 August.
The shares of Meridian Energy dipped by 0.75% at NZ$5.29, on 30 July, at the time of writing.
Kiwi Property Group Limited (NZX:KPG)
The country’s famous real estate-based company Kiwi Property Group Limited noted a trading volume of 343,977, at the time of writing, on 30 July. It had announced the results of its recently held 2021 Annual Meeting. Chris Aiken was elected as a director. Resolution was also passed to fix the auditor's remuneration.
At the time of writing, Kiwi Property Group was trading up by 0.43% at NZ$1.170, on 30 July.
Globally acclaimed entertainment and gaming company, SkyCity Entertainment Group Limited noted a trading volume of 15,402, at the time of writing, on 30 July.
The Company has reopened its Adelaide-based SkyCity property from 28 July onwards, following the uplift of the seven-day lockdown imposed by the South Australian Government on 20 July.
However, the venue will open in a staged manner following all the COVID-19 protocols like physical distancing, hygiene, and safety requirements, etc.
At the time of writing, SkyCity Entertainment Group fell by 1.52% at NZ$3.240, on 30 July.