Top 20 NZX trades by Sharesight users – March 2022
Welcome to the March 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. In terms of individual equities, trades were led by Mainfreight (NZX: MFT), which saw its share price rise amid volatile market conditions, followed by Air New Zealand (NZX: AIR), which announced one of the biggest capital raises in NZ corporate history. It was an ETF-heavy month overall, with ETFs comprising 15 of the top 20 NZX trades for March.
Top 20 NZX trades March 2022
Let’s look at the news behind the key stocks in this month’s snapshot:
Mainfreight (NZX: MFT)
Mainfreight suspends services in and out of Russia
Mainfreight MD buys NZ$777k-worth of shares
Share price jumps 4% amid share market uncertainty
Air New Zealand (NZX: AIR)
Air NZ seeking to raise over NZ$2 billion to bolster balance sheet
Air NZ launches 17-hour direct flight from Auckland to NYC
NZ govt will continue to support Air NZ cargo flights
Fisher & Paykel Healthcare (NZX: FPH)
Fisher & Paykel issues soft revenue guidance; warns freight costs are hurting margins
Fisher & Paykel drags down the NZX following revenue guidance
Downward slide is over for Fisher & Paykel
Spark New Zealand (NZX: SPK)
Spark acquires significant share in environmental IoT company Adroit
Spark appoints new strategy director
Joins Smart Cities Council Australia New Zealand
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