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

• 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"

• '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:

• Top 20 trades on the ASX in 2019 - Sharesight20

• Top 20 trades on the NASDAQ in 2019 - Sharesight20

• Top 20 trades on the NYSE in 2019 - Sharesight20

• Top 20 trades on the NZX in 2019 - Sharesight20

• Top 20 trades on the TSX/TSE in 2019 - Sharesight20

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