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

• 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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