Top 20 NZX trades by Sharesight users – November 2021
Welcome to the November 2021 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 equally led by the Smartshares US 500 ETF (NZX: USF) and Westpac (NZX: WBC), which saw its share price suffer throughout November on the back of a weak earnings report. Sell trades were led by a2 Milk (NZX: ATM), which announced a new 5-year recovery strategy that includes moving away from the daigou market as a main revenue stream.
Top 20 NZX trades November 2021
Let’s look at the news behind the key stocks in this month’s snapshot:
Westpac (NZX: WBC)
- Westpac leads NZX 50 market fall following weak earnings report
- Investor confidence tainted by cost blowout, falling profit margins
- Westpac raises US$5.5b in record bond deal
- Commits NZ$300m to sustainable investments
a2 Milk (NZX: ATM)
- a2 facing another shareholder lawsuit over share price collapse
- Chairman says a2 will reduce reliance on daigou market
- a2 outlines 5-year strategy for recovery
The Warehouse Group (NZX: WHS)
- Over 280 Warehouse Group workers strike over wages, job security and safety
- Warehouse Group signs NZ$70m sustainability loan with Westpac
- Warehouse Group to close second of three Dunedin stores
Contact Energy (NZX: CEN)
- Contact Energy warns closure of gas power plants will be ‘chaotic’
- More details revealed for Contact’s proposal to merge all fossil fuel power stations into one company
- Central Otago residents concerned over plans to build data centre in Clyde
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