Sharesight20 top 20 trades on NZX – August 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 August 2020 edition of the Sharesight20NZX monthly trading snapshot, where we look at the top 20 trades on the NZX made by Sharesight users during the month.
Sharesight20 top 20 NZX trades August 2020
In August’s Sharesight20NZX snapshot, buy trades are strongly led by the Smartshares NZ Top 50 (NZX: FNZ) and US 500 (NZX: USF) ETFs, followed by a2 Milk (NZX: ATM), which has announced record-breaking profits for FY20. Sell trades are led by Auckland International Airport (NZX: AIA) and Air New Zealand (NZX: AIR), which have been hit particularly hard by Covid-19.
Let’s look at the news behind the key stocks in this month’s snapshot:
The a2 Milk Company (NZX: ATM)
A2 Milk appoints new CEO
A2 Milk sees record-breaking profits, spurred by ‘pantry stocking’ amid pandemic
Plans to purchase 75% stake in Kiwi dairy business
US revenue almost doubles in FY20
A2 hopes NZ heritage will help protect Chinese ties
Ebos Group Ltd (NZX: EBO)
Record profits for Ebos Group
Chemist Warehouse and TWC credited for Ebos growth
Ebos included in NZ Covid-19 ‘winners’
Air New Zealand Ltd (NZX: AIR)
Air NZ leasing out office space due to Covid cost woes
Air NZ cuts Auckland flights
Second lockdown puts further pressure on Air NZ
NZ travel bubble may not end until 2021
Cannasouth (NZX: CBD)
Cannasouth continues to climb the NZX
Cannasouth competitor Rua Bioscience to join NZX
Growing interest in cannabis market as NZ referendum looms
Oceania Healthcare Ltd (NZX: OCA)
Oceania Healthcare reports steady earnings despite Covid-19
Covid fears delay construction of Nelson aged care facility
NZ aged care homes move to alert level 4
Auckland International Airport Ltd (NZX: AIA)
Profits down $80 million for AIA
AIA one of world’s busiest airports amid pandemic
AIA share price has dropped 36% since last year
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