Sharesight20 top 20 trades on ASX & NZX - June 2020
Disclaimer: The below article is for informational purposes only and does not constitute a product recommendation, or taxation or financial advice and should not be relied upon as such. Always check with your financial adviser or accountant to obtain the correct advice for your situation.
Welcome to the June 2020 edition of the Sharesight20 monthly trading snapshot, where we look at the top 20 trades on both the ASX and NZX made by Sharesight users during the month.
Here’s June’s top 20 ASX and NZX trades.
Sharesight20 top 20 ASX trades June 2020
In June’s Sharesight20ASX snapshot the crown for the most traded stock went to Afterpay rival Zip Co (ASX: Z1P) with National Australia Bank (ASX: NAB) the most bought for the month.
The BetaShares Aust Strong Bear ETF (ASX: BBOZ) continued its run in our top 20 snapshots with investors mostly hedging against COVID risks.
Let’s look at the news behind the other key stocks in this month’s snapshot:
Zip Co Limited (ASX: Z1P)
Zip Co to acquire US-based QuadPay as part of global expansion strategy
Zip Co partners with neobank 86 400
Reported a monthly revenue of $15.6 million for May, up 78 per cent compared to this time last year
CVI finances Zip Co for QuadPay acquisition
Zip Co share price higher despite insiders selling almost $48 million in shares
National Australia Bank (ASX: NAB)
Banks to be less profitable in COVID19 recovery, NAB boss warns
Discounts for MLC customers invested in NAB investments
34,000 National Australia Bank staff to undergo massive “back to banking 101” reeducation campaign
‘Not good enough’: NAB investigating staff underpayments
‘I don’t think they will return’: NAB’s McEwan warns 15 per cent returns are gone
Andrew Irvine will step into the role of NAB’s new group executive for business and private banking
Flight Centre (ASX: FLT)
Flight Centre founder Graham Turner has labelled Queensland’s border closure as “unnecessary”
Qantas cuts international flights, situation a “mess” – Flight Centre
‘Survival was on the line’: Flight Centre’s near-death experience
Up to 1500 staff to face redundancies as Flight Centre seeks to reduce its cost base
Webjet Limited (ASX:WEB)
Webjet is one of the 10 most shorted stocks on the ASX in June
New wave of retail investors pile into COVID hit travel stocks
Webjet launches 20 per cent off domestic sale in bid to stimulate domestic travel
Afterpay Limited (ASX: APT)
WSJ: Fintech darling Afterpay: Buy now, regret at leisure?
Afterpay UK update: Announces 1 million active customers
Afterpay, Tencent plot expansion as Gen Z shuns credit
Afterpay-backed travel start-up playing to win Millennial customers
Sharesight20 top 20 NZX trades June 2020
Investors on the NZX showed a generally positive trading pattern, with a mixture of buy trades in index tracking ETFs and stocks.
Air New Zealand (NZX: AIR)
Air New Zealand drops social distancing requirements
Air NZ maintains optional face mask stance while major airlines make them compulsory
Air New Zealand has forecast a loss of around $NZ830 million ($A783 million) for the year to Jun
800-day plan: Air New Zealand warns of more job cuts, less flights
Air New Zealand apologises for poor communication during COVID-19 fallout
Air New Zealand resumes Auckland-Shanghai flights
Sky Network Television (NZX: SKT)
Sky Television reveals NZ Rugby did not participate in capital raise, heavily diluting its stake
Sky Network Television completes NZ$37.4M retail entitlement offer
Abano Healthcare (NZX: ABA)
Abano looks at alternatives to sale to raise $50m-$70m
NZ’s Abano Healthcare gets updated bids
Abano Healthcare gets further revised non-binding, indicative offer
Sharesight20 Snapshots for 2019
Have you seen our Sharesight20 top 20 trades data for the 2019 calendar year across exchanges in Australia, New Zealand, Canada and the USA yet? You can read our 2019 Sharesight20 updates here:
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