Why Are These 5 Most Active Stocks Of The Day

Source: wutzkohphoto, Shutterstock

Stocks that trade the highest volume of shares in a particular period are the most traded stocks. Higher volume stocks are the ones that draw greater interest of investors in buying and selling due to some unexpected news or an announcement. Volumes traded also reflect price trends and give an alert on possible setbacks.

Source: © Lassedesignen  | Megapixl.com

Generally, stocks with higher trading volume are considered more liquid. Higher volume implies more people are actively trading the stock and a seller is more likely to find a buyer at the needed price.  

Let’s have a look at the 5 most traded stocks of the day.

Tower Limited (NZX:TWR, ASX:TWR)

Tower Limited was the most traded stock of the day with a trade volume of 8,594,526 for the day. The stock ended the trading session at $0.85, up 3.66% on 15 April.

ALSO READ: How These 4 NZX Stocks performed today - PEB, NWF, HMY, AFT

The Group achieved good profits in 2020 at the top end of its guidance range. It also intends to confirm an interim dividend of $0.025 in May 2021. Tower has plans to take its cloud-based digital and data platform to its Pacific business after being successful with the same in NZ.

New Talisman Goldmines Limited (NZX:NTL)

New Talisman was the second most traded stock with a total volume of 5,350,616 shares traded for the day. The stock ended the trading session flat at $0.004 on 15 April.

The Group’s business was affected by the COVID-19 pandemic in H1 of 2020. However, the Company’s business gained pace in the second half of the year.

ALSO READ: A Glance at 4 NZX Dividend Stocks With At Least 4% Yield

NTL has robust growth plans and is undergoing an internal review of its business. The review has suggested the need to attain greater scale to allow any investment in processing plant to be recovered within the short to medium term.

Contact Energy Limited (NZX:CENASX:CEN)

Contact Energy also traded high with volumes of  for the day at 4,901,202. The stock ended the trading session at $7.47 on 15 April, down 1.84%.

The Group’s customer business recorded mass market electricity and gas sales of 277 GWh in March 2021, lower than 310 GWh in March last year. The Group recently bought a specialist geothermal well services firm, Western Energy Services, and has also entered into a contract with Nova Energy.

Meridian Energy Limited (NZX:MEL)

Meridian Energy also showed higher trading volumes of 3,920,371 at the end of the day. On 15 April, MEL ended the trading session at $5.96, down 1.49%.

MEL recorded higher retail sales volumes in February 2021, with monthly gross inflows equaling 54% of the monthly average. With the announcement of the start of construction on the Harapaki wind farm, the Group estimates capex to be in the range of $120 million to $130 million in FY21.

DO READ: Are These 5 NZX Stocks The Biggest Movers And Shakers Of The Day?

MEL also declared that Jason Stein, the CEO of Meridian Energy Australia and Powershop Australia, will continue to carry out his duties this year.

AFC Group Holdings Limited (NZX:AFC)

AFC Group Holdings also traded at high volumes of 2,500,000 at the end of the day. On 15 April, AFC ended the trading session flat at $0.001.

Last month, the Company appointed Ms Jingwei MA (Karen) to its Board effective 29 March 2021 to bolster its management talent. Moreover, recently AFC saw the resignation of its Director, Mr Hao Long. However, he would continue to work as the CFO of the Company.

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


Disclaimer
The website https://kalkinemedia.com/nz is a service of Kalkine Media New Zealand Limited (Kalkine Media), Company Number: 8107196. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.
   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK