Why Are 5 NZX Stocks Gaining Trading Volume?

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Why Are 5 NZX Stocks Gaining Trading Volume?

 Why Are 5 NZX Stocks Gaining Trading Volume?
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Summary

  • Sky Network Television to hold its investors day in late June 2021.
  • Contact Energy announces the exit of its Deputy CEO.
  • Kathmandu Holdings successfully completes its debt facility refinancing of AU$300 million.

Market experts keep a tab on the most traded stocks during the day, i.e. stocks that have been the most active and are traded the maximum times in terms of volume.

Moreover, investors get valuable insights into the market sentiment regarding a company, and how likely will the stock price momentum continue to persist?

Source: Copyright © 2021 Kalkine Media

Let us now catch up with the 5 NZX stocks with the maximum trading volume and reasons behind the same.

Sky Network Television Limited (NZX:SKT; ASX:SKT)

Headquartered in Auckland, Sky Network Television Limited is New Zealand’s broadcasting company, which provides an array of services like broadband, media streaming and pay television services. It has scheduled its virtual investors day for 29 June this year.

The Management would give valuable insights on Sky's consumer base, future goals, and strategic decisions, etc.

On 3 June, at the time of writing, Sky Network Television was gaining a volume of 1,969,013 and was trading down by 0.58% at NZ$0.170.

Interesting Read: Are These 6 Interesting NZX Penny Stocks The Cream Of The Crop?

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

Spark New Zealand Limited offers telecommunication services across Aotearoa. Its subsidiary, Spark Finance Limited, has notified the extension of its standby credit facility (provided by various Australasian as well as other banks) by 1 year. The said facility of NZ$200 million will now mature in mid-2024.

On 3 June, at the time of writing, Spark New Zealand was gaining a volume of 269,201 and was trading up by 0.33% at NZ$4.625.

Recommended Reading: Are These 6 Stocks Gaining Any Volume On NZX?

Contact Energy Limited (NZX:CEN)

Wellington-based Contact Energy Limited is NZ’s electricity generator, natural gas supplier, as well as broadband and LPG retailer. On 1 June, the Company had announced the departure of its Deputy CEO, James Kilty. He was associated with Contact for about 20 years and his contribution to the Company was praised immensely.

Kilty will now take charge of Powerco as its CEO in October this year.

On 3 June, at the time of writing, Contact Energy was gaining a moderate volume of 53,134 and was trading down by 0.13% at NZ$7.99.

Must Read: 5 Hot NZX Dividend Stocks To Explore Ahead of Budget 2021

Kathmandu Holdings Limited (NZX:KMD; ASX:KMD)

The leading Australasian retailer, Kathmandu Holdings Limited, specialises in quality apparels and outdoor adventure and sports equipment. It has recently announced the successful completion of the refinancing of its debt facility worth AU$300 million. This also comprised a sustainability linked loan facility of AU$100 million, the largest-ever syndicated SLL in the history of the NZ market.

The above refinancing was facilitated by ANZ Bank New Zealand Limited and National Australia Bank.

On 3 June, at the time of writing, Kathmandu Holdings was gaining a moderate volume of 31,174 and was trading down by 0.60% at NZ$1.66. 

Do Read: 5 Interesting NZX Dividend Stocks To Explore in June 2021

Auckland International Airport Limited (NZX:AIA; ASX:AIA)

Auckland International Airport Limited’s Chief Executive, Adrian Littlewood, will exit from the Company by the year-end after being in the position for almost 9 years.

The Board praised him for steering the Company successfully through the pandemic period and contributing significantly towards the growth and progress of the Company, thereby maximising the shareholders' profits.

On 3 June, at the time of writing, Auckland International Airport was gaining a moderate volume of 47,144 and was trading down by 0.20% at NZ$7.575. 

Also Read: 5 NZX Stocks To Watch Out For On Budget Day- KPG, SKT, AIA, GTK, PX1

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