Blog

Top 20 NZX trades by Sharesight users – July 2023

by Stephanie Stefanovic, Content Manager, Sharesight | Jul 28th 2023

Welcome to the July 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 Infratil (NZX: IFT), which recently announced its plan to acquire a majority stake in Console Connect. Overall, this month’s top trades were dominated by ETFs, with 15 of the top 20 trades consisting of ETFs.

Top 20 NZX trades July 2023

Top20 NZX monthly Jul23

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

Infratil (NZX: IFT)

  • Infratil shares falter along with other NZX 50 stocks due to growing caution amid inflationary pressures
  • Infratil plans to acquire 80% stake in Console Connect
  • Plans to use cash from newly-acquired One NZ to invest across key growth platforms

Mainfreight (NZX: MFT)

  • Mainfreight reveals plummeting pre-tax earnings in Q1 results
  • Announces hiring freeze due to challenging economic conditions
  • Shares drop as Mainfreight warns of slowing economy

Air NZ (NZX: AIR)

Spark NZ (NZX: SPK)

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:

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

Top 20 global trades Dec24

Sharesight users' top trades – December 2024

by Stephanie Stefanovic | Dec 20th 2024

Welcome to the December 2024 edition of Sharesight’s monthly trading snapshot, where we look at the top buy and sell trades by Sharesight users over the month.

2024 Top 20 NZ trades

Top trades by New Zealand Sharesight users in 2024

by Stephanie Stefanovic | Dec 19th 2024

Welcome to the 2024 edition of our New Zealand trading snapshot, where we dive into this year’s top trades by Sharesight users.

2024 Top 20 Global trades

Top trades by global Sharesight users in 2024

by Stephanie Stefanovic | Dec 18th 2024

Welcome to the 2024 edition of our global trading snapshot, where we dive into this year’s top trades by Sharesight users around the world.