- The most active stocks are those with the highest trading volume.
- They're also the most traded in terms of both value and volume.
- Property stocks like Goodman, Argosy, Stride were amongst the most traded stocks on Thursday.
Active stocks are those that move in large volumes on a stock market and are considered as liquid. These equities are actively purchased and sold, giving data on investor sentiment and price movement to investors.
Any positive news, market announcement or favourable results can lead to substantial price volatility and trading volume.
Source: Copyright © 2021 Kalkine Media
Amid this backdrop, let’s skim through the 10 most active stocks on the NZX on Thursday.
Goodman Property Trust (NZX:GMT)
Goodman Property was the most active stock on Thursday. GMT recorded a trading volume of 28,505,617 shares and the stock traded at $2.44 on 22 July, up 1.88%.
Goodman Property reported a 128.2% increase in profit to $648.9 million for the year ended 31 March 2021. The Group has stayed resilient and now expects a 4% rise in cash earnings for FY22, and a corresponding rise in cash distribution to at least 5.5 cpu.
Kiwi Property Group (NZX:KPG)
KPG was the second most traded stock of the day. It reported a high trading volumes of about 10,595,090 stocks and its stock was down by 0.42% at $1.175.
KPG was significantly affected by COVID-19 but it took active steps to protect its tenants and the balance sheet helped the company in improving position at the end of FY21. The Group paid a final cash dividend of 2.95cps with next year’s dividend likely to be not less than 5.3cps.
Argosy Property Limited (NZX:ARG)
ARG also reported strong volumes on Thursday. It reported a trading volume of about 9,807,667 stocks and its stock was down by 1.21% at $1.63.
ARG stayed resilient from the COVID-19 impact and posted a net property income of $108 million for the 12 months ended 31 March 2021. For Q4 FY21, the Group paid a dividend of 1.6125cps on 23 June 2021. The dividend for FY22 is expected to be 6.55cps, up 1.6% from the previous year.
Pacific Edge Limited (NZX:PEB)
Pacific Edge was another stock to record high volumes. It reported a trading volume of about 9,013,354 stocks and its stock was up by 0.82% at $1.23.
The Group revealed on 8 July that its new paper confirming the diagnostic performance of Cxbladder Resolve (CxbR), the company's fourth Cxbladder test, was accepted for publication.
Stride Property Ltd & Stride Investment Management Ltd (NZX:SPG)
Stride Property was also traded in high volumes. It reported a trading volume of about 6,282,404 stocks and its stock was up by 0.8% at $2.51.
Stride Property posted positive financial results for FY21 and reported PAT from continuing operations of $132 million for the year. The Group proposes to pay a combined cash dividend for SPL and SIML of 9.91cps during FY22.
Sky Network was another stock to report high volumes. It reported a trading volume of about 3,034,823 stocks and its stock was down by 0.6% at $0.167.
During the investor day presentation, the Company presented its strong strategy. The strategy involves a major satellite advantage, which provides NZ with a broad reach and high ARPU for its consumers, as well as a focus on well-established streaming and data-driven customer focus. The Group expects revenue of $695-$715 million for FY21.
Air New Zealand reported a trading volume of about 2,710,406 stocks and its stock traded flat at $1.525.
On 19 July, Air NZ revealed that it had hired Alison Gerry, Claudia Batten, and Paul Goulter as directors, adding diverse skills to its Board. The new appointments are expected to bring digital, strategic and employment relations expertise to the airline’s revival.
Vital Healthcare Property Trust (NZX:VHP)
Vital Healthcare reported a trading volume of about 2,385,395 stocks and its stock traded at $3.18 on the day, down by 0.63%.
The Group performed remarkably during COVID-19 for the 12 months ended 31 December 2020, showing its defensive portfolio. This led VHP to increase its distribution to 9cpu for the second half of FY21, up from 8.75cpu.
Investore Property Limited (NZX:IPL)
Investore Property also showed high volumes. The trading volumes stood at 1,856,910, up 1.97% at $2.07, at the end of the trading session.
The Group reported strong results for FY21, reporting NPAT of $161.3 million, up from $132 million in FY20 due to net valuation gain across its portfolio. On 15 June, IPL entered into divestment of Dunedin Property for $10.2 million.
Kathmandu Holding also reflected high volumes for the day. The trading volumes stood at 1,642,741, up 0.71% at $1.42, at the end of the trading session.
KMD began winters on a positive note but new COVID-19 restrictions impacted its business. Group sales are now expected to be lower than before at $930 million during FY21 with EBITDA projected to stand at $120 million.
(NOTE: Currency is reported in NZ Dollar unless stated otherwise)