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Sharesight20 December top 20 trades on ASX & NZX

by David Olsen, Content Manager, Sharesight

Earlier this year we debuted the Sharesight20 weekly trading snapshots, a weekly update of the top 20 shares traded by the Sharesight userbase on the ASX (#Sharesight20ASX) and the NZX (#Sharesight20NZX) over the previous 7 days.

Today is the third installment of the Sharesight20 monthly trading snapshot (click here for last month’s Sharesight20), where we look at the top 20 trades on both the ASX and NZX markets among the Sharesight userbase during the current month and dig a little deeper into the news behind these movements.

Sharesight20ASX December Snapshot

Sharesight20 ASX December 2017

Retail Food Group topped the Sharesight20ASX trading snapshot for December following what could be described as a horror month after negative news caused the value of RFG shares to plummet and see the company languishing at the bottom of the ASX200 index before regaining some value over the last week. Let’s dive into the key events in this month’s Sharesight20ASX snapshot:

Retail Food Group (ASX: RFG)

  • On December 9 a Fairfax investigation revealed “Hundreds of RFG stores are for sale, on websites including Gumtree and Seek, as well as in local Chinese-language newspapers”
  • Retail Food Group then sent out a memo to franchisees after this story broke, warning them they’d be breaching their franchise agreement if they spoke to the media (risking action)
  • Subsequently a further story exposing the dealings of former head of RFG Tony Alford went public. This continued the barrage of negative news surrounding the company
  • Retail food group then issued updated guidance for their 2018 H1 profit expectations - slashing earnings expectations for the first half by 34 per cent

National Australia Bank (ASX: NAB)

Telstra (ASX: TLS)

Qantas (ASX:QAN)

Flight Centre (ASX: FLT)

ASX resource companies were a prominent theme in this month’s Sharesight20ASX, with the following resource companies making it into the the top 20 trades on the ASX among the Sharesight userbase, as well as Pilbara Min Ltd, South32 Limited, Queensland Bauxite and Alumina Limited.

Santos Ltd (ASX: STO)

Origin Energy (ASX: ORG)

  • A broker note out of Goldman Sachs upgraded Origin to a buy with a $10.70 price target triggering interest in the market
  • Added to Goldman’s “Conviction List” in the same note

BHP Billiton Limited (ASX: BHP)

Sharesight20NZX December Trading Snapshot

Sharesight20 NZX December 2017

NZX stocks that were highly traded included a number of ETFs (the NZ Top 50 Fund and US Top 50 Fund amongst others) and a number that appeared in last month’s Sharesight20NZX (Pushpay Holdings and Xero Limited).

Heartland Bank Limited (NZX: HBL)

Fisher and Paykel Healthcare Corporation Limited (NZX: FPH)

Xero Limited (NZE: XRO)

  • Edged closer to the date they plan to delist from the NZX and list solely on the ASX early in 2018

a2Milk Ltd (NZX: A2M)

Don’t miss the Sharesight20 weekly market snapshots

Want the weekly Sharesight20 ASX and NZX weekly trading snapshots every Monday? Join the Sharesight community now to make sure you don’t miss out on a snapshot.

You’ll also find the latest Sharesight ASX and NZX trading snapshots on Twitter using the #Sharesight20ASX and #Sharesight20NZX hashtags, or by ‘liking’ Sharesight on Facebook, LinkedIn, or Google+.

With over $1.9B USD worth of investments actively tracked by the userbase, it’s time you sign up to Sharesight and start tracking the true performance of your investments today!

Important Disclaimer. We do not provide tax or investment advice. The buying of shares can be complex and varies by country. You should seek tax and investment advice specific to your situation before acting on any of the information in this article.


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