Sharesight20 top 20 trades on ASX & NZX - June 2019
Welcome to the June 2019 edition of the Sharesight20 monthly trading snapshot (click here for May 2019’s Sharesight20), where we look at the top 20 trades on both the ASX and NZX markets among the Sharesight user base during the current month, and dig a little deeper into the news behind these movements.
Let’s dive into June’s top trades.
Sharesight20 top 20 ASX trades June 2019
Sharesight users have continued to show significant interest in Afterpay Touch (ASX: APT), with trading activity in APT eclipsing all other ASX stock for the month of June. Some of the highlights in this month’s top 20 ASX trades include:
Afterpay Touch (ASX: APT)
Will defer the retail share purchase plan after controversy
Afterpay needs to grow up, and appoint an independent chairman
Has given three candidates to AUSTRAC regarding who will conduct an external audit
Telstra Corporation (ASX: TLS)
Announced a massive overhaul of mobile phone plans
Faces investigation over selling ‘unaffordable contracts’ to vulnerable Australians
Sold Brisbane exchange building to Firmus Capital
Preparing to axe 1,200 jobs, in addition to the 6,000 cuts announced earlier
“Is Telstra sexy again?” asks Sharesight partner Livewire
Nearmap Ltd (ASX: NEA)
Launched ‘Nearmap 3D’ product to stream and export 3D map images
Will launch a beta version of its “artificial intelligence” product soon
New chief marketing officer of Nearmap, Harvey Sanchez, detailed his global marketing plans
Link Administration Holdings (ASX: LNK)
Brexit and changes to Australian legislation have hurt earnings
LNK share price hit a 52 week low after Investor Day presentation
Volpara Health Technologies (ASX: VHT)
Announced plans for an equity raising to acquire an American software company MRS Systems in early June
Sharesight20 top 20 NZX trades June 2019
The NZX Sharesight20 snapshot for June is filled with exchange traded funds. Some of the company stocks featuring in the NZX top 20 include:
Infratil Limited (NSX: IFT)
Completed sale of Snapper Services
Launched a NZ$400m equity raising to fund the Vodafone NZ acquisition
Announced a final dividend of 11 cents per share, plus 2 cents per share of imputation credits
The a2 Milk Company (NZX: A2M)
Wiped $1 billion from a2 Milk
A2 Is appealing the ruling that granted rival Lion Dairy the rights to the ‘True A2’ trademark
Spark NZ (NZX: SPK)
Spark MD Simon Moutter said his farewells to the Spark team
Outgoing Spark boss Simon Moutter: ‘Huawei technology is superior’
Could end up in an expensive bidding war with Sky over NZ Rugby broadcast deal
Accused of controversial sales practices by Chorus over home phone line sales
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