Top 20 NZX trades by Sharesight users – October 2021

Welcome to the October 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 strongly led by the Smartshares NZ Top 50 (NZX: FNZ) and US 500 (NZX: USF) ETFs. Sell trades were led by a2 Milk (NZX: ATM), which has lost AU$630m in value after announcing its plans for the Chinese market; followed by Z Energy (NZX: ZEL), which is being taken over by Australian petrol company Ampol.

Top 20 NZX trades October 2021

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

a2 Milk (NZX: ATM)

• a2 Milk sheds AU$630m in value as shareholders fret over lagging Chinese market
• Share price plummets 12% following investor update
• a2 partners with Hershey to release new chocolate milk

Meridian Energy (NZX: MEL)

• Meridian shortlists bidders for sale of Australian business
• Telstra out of the running for Meridian’s Australian assets
• Meridian goes ex-dividend

Z Energy (NZX: ZEL)

• Z Energy acquired by Ampol for NZ$2b
• Z Energy shares jump on takeover news
• Are there benefits to Z Energy’s Australian takeover?

Air New Zealand (NZX:AIR)

• Air NZ suspends cash burn guidance; draws down loan due to COVID uncertainty
• December flight schedule interrupted by COVID restrictions
• Air NZ COO to depart for CEO job at Auckland International Airport

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Disclaimer: The above article is for informational purposes only and does not constitute a product recommendation, or taxation or financial advice and should not be relied upon as such. Always check with your financial adviser or accountant to obtain the correct advice for your situation.

FURTHER READING

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• Top 20 NZX trades by Sharesight users – September 2021