Top 20 NZX trades by Sharesight users – March 2023

Welcome to the March 2023 edition of Sharesight’s monthly NZX trading snapshot, where we look at the top 20 trades Sharesight users made on the NZX during the month.

In this snapshot, trades were strongly led by the Smartshares US 500 (NZX: USF) and NZ Top 50 (NZX: FNZ) ETFs. In terms of individual equities, trades were led by Ryman Healthcare (NZX: RYM), which recently completed a NZ$902 million capital raise; followed by Air New Zealand (NZX: AIR), which is currently seeking to attract 400 new staff. It was an ETF-heavy month overall, with 14 of the top 20 trades consisting of ETFs.

Top 20 NZX trades March 2023

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

Ryman Healthcare (NZX: RYM)

• Ryman being investigated by NZ Stock Exchange regulator regarding NZ$902 million capital raise
• Brokers seek buyers for 25 million shares left over from rights issue
• Ryman aligns with Solar Bay to build NZ’s first retirement village solar farm

Air New Zealand (NZX: AIR)

• Air NZ increases entry wage to attract 400 new staff
• Air NZ backlogged with 20,000 refund claims from extreme weather event
• Resumes Bali flights after 3-year hiatus

Spark New Zealand (NZX: SPK)

• Spark plans to switch off 3G in 2025; focus on rural 5G rollout
• Spark reshuffles leadership team
• Customers unable to make calls as Spark faces major technical issues

Heartland Group (NZX: HGH)

• Heartland Group announces half-year profit of NZ$48.7 million
• Mourns loss of revered chairman Geoffrey Ricketts
• Heartland shares rise along with the NZX 50

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FURTHER READING

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• Top 20 NZX trades by Sharesight users – February 2023