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Top trades by New Zealand Sharesight users — September 2024

by Stephanie Stefanovic, Content Manager, Sharesight | Sep 30th 2024

Welcome to the September 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 September 2024

Top NZ trades Sep24

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 Microsoft (NASDAQ: MSFT) and the Smartshares NZ Top 50 ETF (NZX: FNZ). It was a strong month for ETF trading overall, with 8 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, taking advantage of recent dips in the market to bolster their ETF investments.

Most-traded stocks in September 2024

Top NZ stocks Sep24

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 Microsoft (NASDAQ: MSFT), which announced its plans to invest US$1.3 billion in cloud and AI tech. The top trades were followed by NVIDIA (NASDAQ: NVDA), which saw its share price rise throughout the month, once again surpassing a market capitalisation of US$3 trillion.

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 Microsoft, the volume of NVIDIA trades is higher, meaning that while there are fewer people trading in NVIDIA, they are making more trades.

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

Microsoft (NASDAQ: MSFT)

NVIDIA (NASDAQ: NVDA)

Apple (NASDAQ: AAPL)

Tesla (NASDAQ: TSLA)

Amazon (NASDAQ: AMZN)

Air NZ (NZX: AIR)

Intel (NASDAQ: INTL)

Palantir (NYSE: PLTR)

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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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