Tradeshot: New Zealand King Salmon (NZK.NZX)
Ex-rights today!
The head shares for NZK went ex-rights today; 22 April, 2022.
An interesting range of trades went through on the NZX.
Pessimists outweighed the optimists initially and the first trade was at just NZD 25.5 cents.
Later in the day there were trades as high as NZD 34 cents and the stock closed at the high.
The day's low was NZD 25.5 cents.
Trading volume for the day was 537,205 shares.
Source: Direct Broking
On the ASX the Australian registered ordinary shares started trading two hours after the NZX opened.
The first trade was at AUD 43 cents and this was the day’s high.
Looks like someone had lodged a buy order at the cum-rights price.
The stock closed at AUD 35 cents with the day’s low being AUD 31.5 cents.
Trading volume for the day was 385,432 shares.
Source: Direct Broking