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
Track your investment portfolio with Sharesight
Get access to Sharesight20 insights like this by tracking your investment portfolio with Sharesight. Built for the needs of investors like you:
- Track all your investments in one place, including stocks, mutual/managed funds, property, and even cryptocurrency
- Get the true picture of your investment performance, including the impact of brokerage fees, dividends, and capital gains with Sharesight’s annualised performance calculation methodology
- Run powerful reports built for investors, including performance, portfolio diversity, contribution analysis and future income
- Run tax reports including taxable income (dividends/distributions), capital gains tax (Australia and Canada), traders tax (Capital Gains for traders in NZ) and FIF foreign investment fund income reports (NZ)
Sign up for a FREE Sharesight account and get started tracking your investments today.
Disclaimer: The above article is for informational purposes only and does not constitute a specific product recommendation, or taxation or financial advice and should not be relied upon as such. While we use reasonable endeavours to keep the information up-to-date, we make no representation that any information is accurate or up-to-date. If you choose to make use of the content in this article, you do so at your own risk. To the extent permitted by law, we do not assume any responsibility or liability arising from or connected with your use or reliance on the content on our site. Please check with your adviser or accountant to obtain the correct advice for your situation.
FURTHER READING
What is debt recycling and how does it work?
Debt recycling is a process that can potentially make you more money by turning non-deductible debt into deductible debt. How does it work? Keep reading.
Top 50 finance and investing podcasts in 2023
The Sharesight team has put together a list of the top 50 investing, personal finance and business news podcasts worldwide.
How one investor uses Sharesight to understand her true performance
Part of our Sharesight customer experience series, this video features Nikky W., an investor who has been tracking her portfolio with Sharesight since 2020.