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Top trades by New Zealand Sharesight users — November 2024

by Stephanie Stefanovic, Content Manager, Sharesight | Nov 26th 2024

Welcome to the November 2024 edition of Sharesight’s monthly trading snapshot for New Zealand investors, where we look at the top 20 trades made by New Zealand Sharesight users. Below we will look at the top trades overall, plus the top trades in individual stocks, which allows us to observe the broader investment trends by Sharesight users in New Zealand, while also giving us an opportunity to zoom into the most popular stocks and the market-moving news behind them.

Top trades in November 2024

Top 20 NZ trades Nov24

Note: To get a closer look at this chart, you can right-click and open the image in a new tab (for desktop) or press-hold and download the image or open it in a web browser (for mobile).

This month, the top trades were strongly led by the Smartshares US 500 ETF (NZX: USF), followed by Apple (NASDAQ: AAPL) and NVIDIA (NASDAQ: NVDA). Overall, it was a strong month for ETF trading, with 10 of the top 20 trades consisting of ETFs. It’s also worth noting that the majority of these trades are buy trades, which is to be expected in an ETF-heavy snapshot. Overall, this snapshot suggests that many New Zealand Sharesight users are employing a long-term buy-and-hold strategy.

Most-traded stocks in November 2024

Top 20 NZ shares Nov24

Note: To get a closer look at this chart, you can right-click and open the image in a new tab (for desktop) or press-hold and download the image or open it in a web browser (for mobile).

This month’s top-traded stocks were led by buy trades in Apple (NASDAQ: AAPL), which saw its share price fluctuate throughout the month. The top trades were followed by NVIDIA (NASDAQ: NVDA), which also saw its share price fluctuate throughout November, essentially ending the month at the same price it started at (as at the time of publishing).

It should be noted that the assets in our trading snapshots are ordered by the number of Sharesight users trading that asset, while the size of the bars indicate the actual trade volume. So while there are more customers trading in AAPL, the volume of NVDA trades is higher, meaning that while there are fewer people trading in NVDA, they are making more trades.

Let’s look at some of the market-moving news behind some of this month’s top stocks:

Apple (NASDAQ: AAPL)

  • Apple offers to increase Indonesian investment by tenfold if iPhone ban is lifted
  • Share price rises on Siri development update

NVIDIA (NASDAQ: NVDA)

Tesla (NASDAQ: TSLA)

  • Tesla CEO’s net worth hits record high as share price soars post-Election
  • Share price jumps on news that Trump wants to relax self-driving laws

Rocket Lab (NASDAQ: RKLB)

Microsoft (NASDAQ: MSFT)

Palantir (NYSE: PLTR)

Spark New Zealand (NZX: SPK)

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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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