Top 20 NZX trades by Sharesight users – January 2023

Welcome to the January 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, buy and sell trades were strongly led by the Smartshares US 500 (NZX: USF) and NZ Top 50 (NZX: FNZ) ETFs. In terms of individual stocks, trades were led by The Warehouse Group (NZX: WHS), which received a broker downgrade due to uncertain economic conditions. Trades were followed by Infratil (NZX: IFT), which rallied alongside the rest of the NZX 50 into the new year. It was an ETF-heavy month overall, with 14 of the top 20 trades consisting of ETFs.

Top 20 NZX trades January 2023

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

The Warehouse Group (NZX: WHS)

• Warehouse Group plans to cut 190 jobs at Auckland support office
• Broker downgrades Warehouse Group due to economic uncertainty
• Warehouse Group stock falls along with rest of the NZX 50 as inflation figures loom

Infratil (NZX: IFT)

• Infratil joins NZ 50 stock rally into 2023
• Infratil commits to establishing science-based emissions reduction targets
• Is Infratil a ‘buy’ in uncertain market conditions?

Ryman Healthcare (NZX: RYM)

• Ryman gets approval for AU$317 million Mt Eliza retirement village
• Share price rises despite NZX 50’s downward trend
• Ryman shares rise 18% in a week after being dragged down for months

Air New Zealand (NZX: AIR)

• Air NZ reports significant passenger growth YoY; outlook positive for 2023
• Plans to increase China flights as restrictions ease, demand grows
• Air NZ passengers stranded in Singapore until March due to Auckland floods

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FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• Sharesight users' top trades in US, ASX and NZX stocks – December 2022