Top 20 NZX trades by Sharesight users – October 2022

Welcome to the October 2022 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, buy trades were strongly led by the Smartshares US 500 (NZX: USF) and NZ Top 50 (NZX: FNZ) ETFs. In terms of equities, buy trades were led by Mainfreight (NZX: MFT), which has seen its share price surge following a recent guidance update. At the same time, sell trades were led by Air New Zealand (NZX: AIR), which continues to have problems with its newly-launched direct service to New York. It was an ETF-heavy month overall, with 13 of the top 20 trades belonging to ETFs.

Top 20 NZX trades October 2022

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

Mainfreight (NZX: MFT)

• Mainfreight raises half-year outlook ahead of earnings results

• Shares hit one-month high following guidance update

• Mainfreight share price surge lifts the NZ share market

Air New Zealand (NZX: AIR)

• Troubles continue for AirNZ’s "direct" New York flight

• AirNZ passengers’ carbon offset rate dwindles

• AirNZ enlists non-union flight attendants from Shanghai to fill staff gaps

Genesis Energy (NZX: GNE)

• Genesis Energy foresees continued support for soda ash prices

• Upgrades earnings guidance by 10% due to high rainfall

• Share price rises following guidance update

Spark New Zealand (NZX: SPK)

• Spark finalises sale of 70% of its mobile tower network

• Welcomes government deal to allocate 5G spectrum, boosting rural coverage

• Spark and Norwood Systems amend and extend voicemail service agreement

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• Top 20 NZX trades by Sharesight users – September 2022