Sharesight users' top 20 trades on the NZX for 2023

Each year, Sharesight looks back at the top 20 buy and sell trades made by Sharesight users throughout the year. Welcome to the 2023 edition of our annual trading snapshot, where we explore the top trades users made in stocks on the NZX this year, plus the market-moving news behind some of these stocks.

Sharesight users’ top 20 NZX trades in 2023

In this yearly 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 saw its share price rise steadily throughout Q2, largely remaining stable for the rest of 2023 and ending the year up almost 14% (as at the time of publishing).

Trades were followed by Air New Zealand (NZX: AIR), which saw its share price peak in September, following a steep decline throughout Q4, ultimately ending the year down almost 15%.

It was a varied year overall, with the top trades spanning stocks in the infrastructure, aviation, healthcare, logistics and utilities sectors.

Let’s look at the news behind some of the key stocks in this year’s snapshot:

Infratil (NZX: IFT)

• January: Infratil joins NZ 50 stock rally into 2023
• May: CDC Data Centres and One NZ propel Infratil earnings results
• July: Plans to acquire 80% stake in Console Connect
• August: Infratil shareholders displeased with growing director fees
• October: Infratil increases stake in Kao Data from 49% to 53%
• November: Infratil more than doubles first-half net profit to NZ$1.2 billion

Air New Zealand (NZX: AIR)

• January: Air NZ reports significant passenger growth YoY; outlook positive for 2023
• February: Air NZ back in the black amid growing travel demand
• March: Resumes Bali flights after 3-year hiatus
• April: Air NZ increases FY23 profit forecast due to strong demand and cheaper fuel
• May: Plans to invest NZ$3.5 billion in aircraft over next five years
• July: Auckland Airport upgrade woes sour relationship with Air New Zealand
• August: Air NZ signals strong customer demand for FY24; declares first dividend in 3 years
• September: Warns of challenges ahead due to rising fuel prices and increased competition
• October: Air NZ warns of lower Q2 profits due to volatile fuel prices, growing competition and uneven travel demand
• November: Air NZ poised to continue discounting flights due to reduced demand
• December: Expects first-half earnings to be within lower end of forecast

Ryman Healthcare (NZX: RYM)

• January: Ryman gets approval for AU$317 million Mt Eliza retirement village
• February: Undertakes NZ$902 recapitalisation to repay US private placement debt
• March: Ryman aligns with Solar Bay to build NZ’s first retirement village solar farm
• May: Australian operations now contribute 25% of underlying profit
• November: Posts lower half-year profit amid slowing property market

Mainfreight (NZX: MFT)

• February: Mainfreight share price benefits from overseas rebound of logistics sector
• May: Posts record annual profit but warns of upcoming slowdown
• July: Mainfreight reveals plummeting pre-tax earnings in Q1 results
• November: Mainfreight reports plunging first-half profit amid slowing global trade

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FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• Top 20 NZX trades by Sharesight users – November 2023
• Sharesight users' top 20 trades in NZX stocks for 2022