Top 20 NZX trades by Sharesight users – April 2023

Welcome to the April 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 Smartshares’ US 500 (NZX: USF) and NZ Top 50 (NZX: FNZ) ETFs. In terms of individual equities, trades were led by Spark NZ (NZX: SPK), which announced a three-year plan to invest in data centres. Trades were followed by Air New Zealand (NZX: AIR), which increased its profit forecast for FY23. It was an ETF-heavy month overall, with 15 of the top 20 trades belonging to ETFs.

Top 20 NZX trades April 2023

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

Spark New Zealand (NZX: SPK)

• Spark plans to invest up to NZ$300 million in data centres over the next three years
• Share price rises following three-year plan announcement
• Will One NZ outshine Spark with its SpaceX deal?

Air New Zealand (NZX: AIR)

• Air NZ increases FY23 profit forecast due to strong demand and cheaper fuel
• Air Vanuatu pushes for Air NZ to relaunch Vanuatu flights
• Air NZ turning to AI to help with flight planning for ultra-long destinations

Genesis Energy (NZX: GNE)

• Climate activists call for Genesis Energy profits to be taxed and reinvested in renewable energy
• Genesis Energy share price continues to grow despite tracking behind five-year shareholder returns
• Genesis Energy severely scales back size of proposed Wairarapa wind farm

Mercury NZ (NZX: MCY)

• Mercury NZ and Amazon announce corporate power purchase agreement for Turitea South
• Is Mercury a company to watch following its deal with Amazon?
• Trustpower will rebrand as Mercury this winter

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FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• Top 20 NZX trades by Sharesight users – March 2023