Top 20 NZX trades by Sharesight users – April 2024

Welcome to the April 2024 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, the top trades were led by Spark NZ (NZX: SPK), which made a NZ$15 million investment into digital infrastructure in NZ’s Waikato region. The top trades were also led by Air New Zealand (NZX: AIR), which recently saw its share price drop after a downward revision of its earnings estimate. It was an ETF-heavy month overall, with 13 of the top 20 trades belonging to ETFs.

Top 20 NZX trades April 2024

Let’s look at the news behind the key stocks in this month’s snapshot:

Spark NZ (NZX: SPK)

• Spark invests NZ$15 million into digital infrastructure in Waikato

Air NZ (NZX: AIR)

• Air NZ to resume flights to Hobart and Seoul from October 2024
• Air NZ revises earnings estimates downward as market challenges mount
• Share price drops following reduced earnings estimate

Infratil (NZX: IFT)

• Infratil and NZ Super put RetireAustralia back up for auction

Auckland International Airport (NZX: AIA)

• AIA opens first stage of new Transport Hub
• Tweaks made at Transport Hub due to complaints from disabled passengers and commercial vehicle operators

Genesis Energy (NZX: GNE)

• Genesis Energy explores AI possibilities with Microsoft Copilot’s early access program
• Work begins on Genesis and FRV’s joint 63MW NZ solar project

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FURTHER READING

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• How Sharesight calculates your investment performance

• Top 20 NZX trades by Sharesight users – March 2024