Top 20 NZX trades by Sharesight users – May 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
Let’s look at the news behind the key stocks in this month’s snapshot:
Spark NZ (NZX: SPK)
- Spark appoints new board director
- Spark downgrades earnings guidance due to challenging market conditions
- Earnings downgrade is damaging to consumer confidence, says analyst
Infratil (NZX: IFT)
- Infratil exceeds expectations in latest earnings report
- Infratil gains from AI craze spurring demand for data and energy
- Infratil has NZ$820 million to fund growth, says CEO
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)
- Ryman CEO resigns after less than three years in role
- Ryman makes Bellarine land acquisition to expand existing village
- Posts 98% drop in full-year net profit, fuelled by one-time costs and decreasing property values
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
![Building a multi-asset portfolio using ETFs](https://images.ctfassets.net/91sm3pewxzag/3Gtxt990xeaBZKd1E5CQRR/7bd93a963753e7f8c4efcb54bad38eb7/Building_a_multi-asset_portfolio_using_ETFs.png?w=600&h=314&q=100&fm=png&bg=transparent)
Building a multi-asset portfolio with ETFs
ETFs offer a cost-effective, flexible way to access diverse assets, helping investors build portfolios aligned with their risk tolerance and goals.
![Betashares Sharesight ETF month launch](https://images.ctfassets.net/91sm3pewxzag/78ZNcx00uFPVnhsgLshgxT/1e3cf7cf62260c599304cdad189dd990/Betashares_Sharesight_ETF_month_launch.png?w=600&h=314&q=100&fm=png&bg=transparent)
Sharesight and Betashares team up for an exciting ETF education series
We're thrilled to launch a month-long collaboration between Sharesight and Betashares to educate investors on everything they need to know about ETF investing.
![Top global trades Aug24](https://images.ctfassets.net/91sm3pewxzag/7rMCGKbNP2szCsT7dZh6OJ/3c0415e2d1955118c4a1261b11003c32/Top_global_trades_Aug24.png?w=800&h=420&q=100&fm=png&bg=transparent)
Top trades by global Sharesight users — August 2024
Welcome to the August 2024 edition of Sharesight’s trading snapshot for global investors, where we look at the top trades by Sharesight users around the world.