Sharesight20 top 20 trades on NZX – September 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 September 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 September 2020

In September’s Sharesight20NZX snapshot, buy trades were strongly led by the Smartshares NZ Top 50 (NZX: FNZ) and US 500 (NZX: USF) ETFs, followed by a2 Milk (NZX: ATM), which is facing challenges in its daigou business due to Covid-related restrictions. Sell trades were led by Auckland International Airport (NZX: AIA), which has also suffered significant losses due to the pandemic, but is starting to see some recovery as restrictions are eased.

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

The a2 Milk Company (NZX: ATM)

• Updated FY21 outlook; a2’s daigou business impacted by Covid
• Share price drops by over 14% following FY21 guidance
• Is a2 Milk’s stock market bull run over?

Sky Network Television (NZX: SKT)

• Share price dives 9% following FY20 results
• Sky saves $9M in sports rights negotiations
• Sky’s Chief Financial Officer steps down
• US broadcaster NEP seeks clearance to buy Sky’s outside broadcasting assets (press release)

Fisher & Paykel Healthcare Corporation (NZX: FPH)

• Fisher & Paykel Healthcare profit boosted by demand surge for respirators
• Fisher & Paykel declared a ‘Covid winner’
• NZX propped up by Fisher & Paykel gains

Heartland Group Holdings (NZX: HGH)

• Heartland to expand reverse mortgage business in Australia
• Heartland reduces dividend despite better-than-expected earnings
• Heartland to introduce online home loan service before year-end

Spark New Zealand (NZX: SPK)

• Spark releases 3-year strategy focusing on 5G and IoT deployment
• Spark’s focus on IaaS has proved successful throughout the pandemic
• YoY growth for Spark despite Covid challenges

Auckland International Airport (NZX: AIA)

• Slow recovery ahead for AIA
• AIA to achieve 65% of pre-Covid traffic over school holidays (press release)
• E-commerce at the centre of AIA’s Covid recovery strategy

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