Sharesight20 top 20 trades on NZX - July 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 July 2020 edition of the Sharesight20NZX monthly trading snapshot, where we look at Sharesight users' top 20 trades on the NZX during the month.
Here are July’s top 20 NZX trades.
Sharesight20 top 20 NZX trades July 2020
In July’s Sharesight20NZX snapshot, infrastructure investment company Infratil Limited (NZX: IFT) dominated the list of buy trades after succeeding to raise $300 million from investors. Investors also took advantage of Pacific Edge’s (NZX: PEB) surging share prices, making it the most sold stock in this month’s snapshot.
Let’s look at the news behind the key stocks in this month’s snapshot:
Infratil Ltd (NZX: IFT)
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Infratil succeeds in $300m capital raise
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Infratil subsidiary CDC Data Centres to develop "hyperscale" centres in Auckland
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Agreement to bail out Wellington Airport
Pacific Edge (NZX: PEB)
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Pacific Edge announces $22 million investment deal
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Pacific Edge share price surges 100% after CMS partnership announcement
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Cxbladder cancer diagnostic kit approved for US market
SkyCity Entertainment Group (NZX: SKC)
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SkyCity Adelaide announces AU$330m upgrade
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New jobs planned for Adelaide expansion
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SkyCity gets $9.4m wage subsidy extension
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Positive recovery since SkyCity’s New Zealand businesses reopened in May
Air New Zealand Ltd (NZX: AIR)
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Air New Zealand expected to return to 70% capacity in August
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Freeze on international bookings extended
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Air New Zealand launches credit redemption tool for customers
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Air New Zealand CEO divulges two-year plan
Metlifecare (NZX: MET)
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Metlifecare initiates share purchase agreement with EQT Infrastructure
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Metlifecare directors split over EQT share takeover decision
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Substantial shareholder Maso Capital withdraws Chairman spill request
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EQT lowers Metlifecare takeover bid after previous deal terminated
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