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Top 20 NZX trades by Sharesight users – May 2024

by Stephanie Stefanovic, Content Manager, Sharesight | May 31st 2024

Welcome to the May 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 was forced to downgrade its earnings guidance due to challenging market conditions. The top trades were followed by Infratil (NZX: IFT), which saw its share price skyrocket in the lead-up to its full-year earnings report, which exceeded analysts’ expectations.

Top 20 NZX trades May 2024

Top20 NZX monthly May24

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

Spark NZ (NZX: SPK)

Infratil (NZX: IFT)

Air NZ (NZX: AIR)

  • Air NZ expected to gain ACCC approval for codeshare with Virgin Australia
  • Air NZ hikes fees for overweight luggage and domestic pet carriage

Ryman Healthcare (NZX: RYM)

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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.

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