Why These 7 NZX Stocks Are Moving at Fast Pace - MEL, SPK, OCA, SKT, ARV, BLT, KPG

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Summary

  • Both Meridian Energy and Arvida Group saw the stepping down of its CEO and Chairperson, respectively.
  • Spark New Zealand declares the extension of its standby credit facility of NZ$200 million.
  • Oceania Healthcare announced the closure of its oversubscribed retail offer of NZ$20 million.

Most active stocks refer to the most traded stocks on the stock exchange on any given day. A stock may experience above-average trading volume when a company shares any important announcement or has disclosed any significant update for the investors.

As a result, it attracts a lot of investors who are either keen to buy or sell the stocks during the day, resulting in increased trading volumes across the board.

Moreover, many trade pundits refer the high trading volume to indicate a bullish or a bearish trend prevailing on a particular day.

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With this background, let us now look at the 7 NZX stocks with the highest trading volumes as on 19 April 2021.

Meridian Energy Limited

Meridian Energy Limited (NZX:MEL; ASX:MEZ) is NZ’s leading provider of 100% renewable energy generator and retailer. The Company has recently announced that Jason Stein, CEO of Meridian Energy Australia and Powershop Australia, will continue to work till December 2021.

Since the Trans-Tasman bubble has begun today, MEL can now easily look for a new CEO to take over its Australian business operations.

The trade volume recorded for MEL was 2,740,105 at the market close on 19 April 2021.

On the same day, Meridian Energy ended the day's trading session down by 2.64% at $5.890.

INTERESTING READ: 6 Gainers and Decliners on the NZX Today - GXH, MEL, LIC, GEO, BLT, NZA

Spark New Zealand Limited

Spark New Zealand Limited (NZX:SPK; ASX:SPK) is a telecommunications company operating in New Zealand, offering an array of services like fixed-line services, internet services, etc.

SPK's subsidiary, Spark Finance Limited, which looks after the borrowing activities for the whole group, had recently declared the extension of its standby revolving credit facility worth NZ$200 million by one year, the same to mature on 30 April 2024.

It is noted that the above-mentioned standby is provided through the participation of various Australasian and other prominent global banks.

The trade volume recorded for SPK was 2,330,389 at the market close on 19 April 2021.

On the same day, Spark New Zealand ended the day's trading session down by 0.57% at $4.375.

Oceania Healthcare Limited

Oceania Healthcare Limited (NZX:OCA; ASX:OCA) offers healthcare services by providing residential aged care and retirement villages across the country. The Company had recently announced the closure of its oversubscribed NZ$20 million retail offer. Under this offer, the existing 5,000 shareholders could subscribe the new shares up to NZ$50,000 in the Company.

The trade volume recorded for OCA was 1,635,258 at the market close on 19 April 2021.

MUST READ: Why These 6 NZX Stocks Are Gaining Prominence Today- PCT, IFT, OCA, ARG, CEN, TPW

On the same day, Oceania Healthcare ended the day's trading session down by 1.50% at $1.310.

 

Sky Network Television Limited

Sky Network Television Limited (NZX:SKT; ASX:SKT) is NZ-based broadcasting company.

Recently, the Company had entered a multi-year deal with NBCUniversal (NBCU), which includes continued access to E! and CNBC by the Sky viewers. The deal also includes access to the content and series produced by Sky Studios and Universal Studio Group, along with the movies from NBCU’s portfolio, thereby increasing Sky’s content offering to its viewers. Further, Sky viewers will now get an access to thousands of hours of hit movies and TV shows through this partnership.

The trade volume recorded for SKT was 1,552,615 at the market close on 19 April 2021.

INTERESTING READ: Why Are These Companies CEN, CNU, SKT in Limelight Today?

On the same day, Sky Network Television ended the day's trading session down by 1.63% at $0.181.

 

Arvida Group Limited

Arvida Group Limited (NZX:ARV) is one of the leading providers of aged care facilities and retirement villages across New Zealand. The Company had recently announced the retirement of Peter Wilson, its Chair to the Board. Anthony Beverley will succeed Wilson after the Annual Meeting to be held on 2 July 2021.

The trade volume recorded for ARV was 673,091 at the market close on 19 April 2021.

On the same day, Arvida Group ended the day's trading session up by 0.56% at $1.810.

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Blis Technologies Limited

Blis Technologies Limited (NZX:BLT) is a biotechnology company, which manufactures advanced probiotics for mouth and throat. The Company had recently launched the BLIS PROBIOTICS® store, which reflected its CBEC strategy.

Also, it has recently introduced its newest skincare product under the Unconditional Skincare Co brand. BLT also boasts of an exciting pipeline of products like probiotic toothpaste, personal care products, etc.

The Company is also working on various new patent opportunities and aims to enhance its revenues through numerous e-commerce channels.

The trade volume recorded for BLT was 667,395 at the market close on 19 April 2021.

On the same day, Blis Technologies ended the day's trading session flat at $0.067.

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Kiwi Property Group Limited

Kiwi Property Group Limited (NZX:KPG) is a leading property investment company in NZ, which owns many properties throughout the country.

The Company had recently entered a JV with Tainui Group Holdings over several adjoining properties in Hamilton’s CBD worth NZ$71 million. With the help of this JV, Centre Place North, given its prime location, will offer exciting retail, office, and residential space, and help in the transformation of Hamilton CBD.

The trade volume recorded for KPG was 1000,681 at the market close on 19 April 2021.

On the same day, Kiwi Property Group ended the day's trading session up by 0.40% at $1.240.


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