Which were the 5 most traded NZX stocks of the day?

Highlights

• Active stocks are the most traded stocks on an exchange.
• These stocks trade in high volumes.
• Spark, Pacific Edge, and Z Energy traded in the highest volumes for the day.

The most active stocks of the day are those that trade the most during the day. Due to corporate performance, any new major update or news that influences the stock price, these equities get a larger-than-typical trading volume.

This makes it easier for investors to decide whether to buy in a specific company, resulting in increased trading volume and a strong surge.

Let’s glance through these 5 most traded stocks on the NZX on Monday.

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Spark New Zealand Limited (NZX:SPK; ASX:SPK) 

Telecom firm Spark was the most traded stock of the day with a trade volume of 4,682,349 for the day. The stock ended the trading session flat at $4.33 on 31 January.

DO READ: Can these penny stocks under 50 cents also provide growth?

SPK announced on Monday that it had finalised the acquisition of Connect 8, and the company would again become wholly owned by Spark. Connect 8 is an industry leader in the telecom, power and water utilities sectors in NZ.

Pacific Edge Limited (NZX:PEB)

Cancer diagnostic company Pacific Edge was the second most traded stock, noting a total volume of 1,893,300 shares traded for the day. The stock ended the trading session at $1.08 on 31 January, down 4.42% from its previous close.

PEB notified on 19 January that Dr Peter Meintjes began his term as CEO on 17 January, replacing Executive Director and Chief Executive, David Darling.

Z Energy Limited (NZX:ZEL) 

NZ fuel distributor Z Energy also traded with high volumes of 1,805,742. The stock ended the trading session at $3.55 on 31 January, up 1.43% from the previous close.

RELATED READ: How are 4 NZX energy stocks doing amid NZ’s green energy initiatives?

ZEL reaffirmed its EBITDAF guidance to be between $270 million and $310 million for Q3 FY22. The Group made progress across all 4 of its organic growth prospects.

Meridian Energy Limited (NZX:MEL, ASX:MEZ) 

NZ-based electricity generator and distributor Meridian Energy also showed high trading volumes of 1,801,297 at the end of the day. On 31 January, MEL ended the trading session at $4.36, up 0.46% from the previous close.

ALSO READ: Which are the top 4 NZX energy stocks for 2022 and beyond?

Meridian recently informed that the Potline 4 deal between Meridian and New Zealand Aluminium Smelters had been extended up to 31 May 2022.

Auckland international Airport (NZX:AIA)

Airport operator Auckland International also traded at high volumes of 1,783,236 at the end of the day. On 31 January, AIA ended the trading session at $7.18, up 1.13% from the previous close.

DO READ: Auckland International (NZX:AIA): How would it perform in its interim results?

AIA notified that it would delay the first price reset for Price Setting Event 4 (PSE4) by 12 months due to persistent uncertainty in the aviation sector and to help airlines in the early stage of COVID-19 recovery.

Bottom Line

Investors keep a track of active stocks to know which stocks are being traded the most in the market and make more informed investment decisions.

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