Top 20 NZX trades by Sharesight users – March 2024
Welcome to the March 2024 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 Smartshares’ US 500 (NZX: USF) and NZ Top 50 (NZX: FNZ) ETFs. In terms of individual stocks, the top trades were led by Air New Zealand (NZX: AIR), which is expecting significant patronage from New Zealand and Australian customers over the Easter holidays. It was an ETF-heavy month overall, with 13 of the top 20 trades belonging to ETFs.
Top 20 NZX trades March 2024
Let’s look at the news behind the key stocks in this month’s snapshot:
Air NZ (NZX: AIR)
- Air NZ launches global search for sustainable aviation fuel
- Air NZ cancels Chicago service due to continued engine troubles
- Prepares for heavy weekend of air travel during Easter 2024
The Warehouse Group (NZX: WHS)
- Warehouse Group to sell or close TheMarket, following NZ$23.7 million first-half loss
- Warehouse group blames changing market for net loss
- Share price shoots up on news of new cost-cutting strategy
Spark NZ (NZX: SPK)
- Spark misses expectations on first-half earnings
- Spark decides to replace jobs with AI due to rising labour costs
- Remains silent about upcoming job cuts following restructure meeting
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