Top 20 NZX trades by Sharesight users – May 2023

Welcome to the May 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 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 Infratil (NZX: IFT), which recently reported an annual profit decrease of 28%; followed by Air New Zealand (NZX: AIR), which announced its 5-year plan to invest NZ$3.5 billion in aircraft. It was an ETF-heavy month overall, with 15 of the top 20 trades belonging to ETFs.

Top 20 NZX trades May 2023

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

Infratil (NZX: IFT)

• Infratil expects ‘strong thematic tailwinds’ to positively impact FY24 outlook

• CDC Data Centres and One NZ propel Infratil earnings results

• Infratil profit drops 28% on lower asset sales

Air New Zealand (NZX: AIR)

• Air NZ plans to invest NZ$3.5 billion in aircraft over next five years

• Air NZ decides to start weighing passengers

• Plans to launch new business class in September 2024

Mainfreight (NZX: MFT)

• Mainfreight forecasts ease of supply constraints, says there is plenty of capacity

• Posts record annual profit but warns of upcoming slowdown

• Share price drops following negative outlook for FY24

Warehouse Group (NZX: WHS)

• Warehouse Group sees growing sales amid challenging economic conditions as shoppers search for bargains

• Warehouse Group shares rise following lift in sales

• Partners with Relex to improve forecasting, replenishment and stock allocation

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• Top 20 NZX trades by Sharesight users – April 2023