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Sharesight20 top 20 trades on NZX – October 2020

by Stephanie Stefanovic, Content Writer, Sharesight
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 October 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 October 2020

Top20 NZX monthly October2020

In October’s Sharesight20NZX snapshot, buy trades were led by the Smartshares NZ Top 50 ETF (NZX: FNZ), followed by a2 Milk (NZX: ATM), which has seen falling share prices as the company’s growth slows amid the Coronavirus pandemic. Sell trades were led by Contact Energy (NZX: CEN), which has recently faced delays on its landmark Tauhara geothermal project, but has seen growth in its share price as investors speculate that the company will soon enter the MSCI New Zealand Index.

Let’s look at the news behind the key stocks in this month’s snapshot:

The a2 Milk Company (NZX: ATM)

Spark New Zealand (NZX: SPK)

Air New Zealand (NZX: AIR)

Pacific Edge (NZX: PEB)

Contact Energy (NZX: CEN)

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