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Top 20 NZX trades by Sharesight users – May 2023

by Stephanie Stefanovic, Content Manager, Sharesight | May 31st 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

Top20 NZX monthly May23

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

Infratil (NZX: IFT)

Air New Zealand (NZX: AIR)

Mainfreight (NZX: MFT)

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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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.

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