Top 20 NZX trades by Sharesight users – October 2023
Welcome to the October 2023 edition of Sharesight’s monthly NZX trading snapshot, where we look at the top 20 trades Sharesight users made on the NZX during the month.
In this snapshot, trades were strongly led by Smartshares’ US 500 (NZX: USF) and NZ Top 50 (NZX: FNZ) ETFs. In terms of individual stocks, trades were led by Air New Zealand (NZX: AIR), which has warned of lower profits ahead for Q2; followed by Ebos Group (NZX: EBO), which has achieved earnings growth despite uncertain market conditions.
Top 20 NZX trades October 2023
Let’s look at the news behind the key stocks in this month’s snapshot:
Air New Zealand (NZX: AIR)
- Backlash over Air NZ’s decision to outsource call centre jobs to Manila
- Air NZ warns of lower Q2 profits due to volatile fuel prices, growing competition and uneven travel demand
- Rival US airlines launch flights from LA to Auckland.
Ebos Group (NZX: EBO)
- Ebos manages to maintain earnings growth despite uncertain conditions
- Ebos joins NZX 50 slide, contributing to share market’s 16-month low.
Infratil (NZX: IFT)
- Infratil increases stake in Kao Data from 49% to 53%
- Kao data proposes NZ$730 million Stockport data centre following increased Infratil funding
- Infratil announces Andrew Carroll as new CFO.
Mercury New Zealand (NZX: MCY)
- Mercury NZ plans to expand Ngatamariki geothermal power plant
- Solid outlook for Mercury NZ as higher sale prices offset lower hydroelectric generation.
Track your investment portfolio with Sharesight
Get access to Sharesight20 insights like this by tracking your investment portfolio with Sharesight. Built for the needs of investors like you:
-
Track all your investments in one place, including stocks, mutual/managed funds, property, and even cryptocurrency
-
Get the true picture of your investment performance, including the impact of brokerage fees, dividends, and capital gains with Sharesight’s annualised performance calculation methodology
-
Run powerful reports built for investors, including performance, portfolio diversity, contribution analysis and future income
-
Run tax reports including taxable income (dividends/distributions), capital gains tax (Australia and Canada), traders tax (Capital Gains for traders in NZ) and FIF foreign investment fund income reports (NZ)
Sign up for a FREE Sharesight account and get started tracking your investments today.
Disclaimer: The above article is for informational purposes only and does not constitute a specific product recommendation, or taxation or financial advice and should not be relied upon as such. While we use reasonable endeavours to keep the information up-to-date, we make no representation that any information is accurate or up-to-date. If you choose to make use of the content in this article, you do so at your own risk. To the extent permitted by law, we do not assume any responsibility or liability arising from or connected with your use or reliance on the content on our site. Please check with your adviser or accountant to obtain the correct advice for your situation.
FURTHER READING
4 ways to prepare your investment portfolio for retirement
In this blog, we discuss retirement planning for investors, including four important factors every investor must consider.
Evaluate your investment returns with the performance report
One of Sharesight’s most popular reports, the performance report gives you the full picture of your portfolio’s returns over any chosen period.
Sharesight product updates – May 2024
This month's focus was on expanding our broker support and streamlining the customer onboarding journey, as well as additional reporting and holding functions.