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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FURTHER READING

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• Top 20 NZX trades by Sharesight users – February 2022