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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)

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