Top 20 NZX trades by Sharesight users – February 2022

Welcome to the February 2022 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, buy trades were strongly led by Smartshares’ US 500 (NZX: USF) and NZ Top 50 (NZX: FNZ) ETFs. At the same time, sell trades were led by Air New Zealand (NZX: AIR), which revealed steep losses for Q2 2021; followed by Mainfreight (NZX: MFT), which produced strong earnings for the financial year. Overall, this month’s top-traded stocks were overwhelmingly led by ETFs, with only six of the top 20 trades attributed to individual equities.

Top 20 NZX trades February 2022

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

Mainfreight Limited (NZX: MFT)

• Mainfreight shares surge on the back of soaring profit
• Further profit growth expected in 2022 due to increased pandemic demand
• Mainfreight warns Auckland should expect long freight delivery delays

Air New Zealand (NZX: AIR)

• Air NZ records NZ$376m loss for Q2 2021; predicts worse to come in 2022
• Plans to relaunch 24 international routes
• Air NZ believes government will extend air freight subsidies

Ebos Group (NZX: EBO)

• Ebos posts record half-year earnings results
• Shares rise 3.4% following earnings report
• Ebos helps buoy NZ share market

Infratil Limited (NZX: IFT)

• Infratil narrows underlying profit guidance range
• Infratil-funded Kao Data plans to open new data centre near London
• Share price up 2.63% as NZX 50 continues to rise

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FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• Top 20 NZX trades by Sharesight users – January 2022