Sharesight users' top 20 trades in NZX stocks for 2022

Each year, Sharesight looks back at the top 20 buy and sell trades made by Sharesight users throughout the year. Welcome to the 2022 edition of our annual trading snapshot, where we explore the top trades users made in stocks on the NZX this year, plus the market-moving news behind some of these stocks.

Sharesight users’ top 20 NZX trades in 2022

In this yearly snapshot, trades were strongly led by Smartshares’ US 500 (NZX: USF) and NZ Top 50 (NZX: FNZ) ETFs.

In terms of individual stocks, trades were led by Air New Zealand (NZX: AIR), which experienced a significant drop in its share price during the May-July period, ultimately seeing its share price decline by over 19% since the beginning of 2022 (as at the time of publishing).

Trades were followed by Mainfreight (NZX: MFT), which saw a steady decline in its share price throughout the year, with a decline of over 28% since the beginning of 2022.

It was a varied year overall, with the top trades spanning stocks in the aviation, logistics, healthcare, utilities and infrastructure sectors.

Let’s look at the news behind some of the key stocks in this year’s snapshot:

Air New Zealand (NZX: AIR)

• January: Air NZ announces two executive team appointments

• February: Air NZ records NZ$376 million loss for Q2 2021; predicts worse to come in 2022

• March: Air NZ seeking to raise over NZ$2 billion to bolster balance sheet

• April: Reveals four-year investment plan for airport base

• May: Air NZ completes NZ$1.2 billion capital raise

• July: Share price drops following announcement of expected loss of NZ$750 million for the financial year

• August: Air NZ posts third straight annual loss; sees potential for rebound in 2023

• September: Share price up 9% following guidance update

• October: Troubles continue for Air NZ’s "direct" New York flight

• November: Air NZ sees strong demand continuing despite tough economic conditions

• December: Boosts half-year earnings guidance for FY23 due to growing demand

Mainfreight (NZX: MFT)

• January: Mainfreight MD assures that company will keep trucks at full capacity during Omicron outbreak

• February: Mainfreight shares surge on the back of soaring profit

• March: Mainfreight suspends services in and out of Russia

• July: Pays workers NZ$94 million-worth of bonuses as profits boom

• August: Trading update shows rapid profit growth for Mainfreight

• October: Mainfreight raises half-year outlook ahead of earnings results

• November: Share price falls despite half-year revenue growth of 32%

Ebos Group (NZX: EBO)

• January: Ebos plans to buy LifeHealthcare for AU$1.16 billion

• February: Ebos posts record half-year earnings results

• October: Ebos CEO gets 58% pay increase

• November: Leads NZX higher as stocks rally on positive US inflation data

Spark New Zealand (NZX: SPK)

• March: Spark acquires significant share in environmental IoT company Adroit

• April: Spark commences partial cell tower network sale

• July: Spark plans to sell 70% of TowerCo for NZ$900 million

• September: Spark joins the ASX 200

• October: Finalises sale of 70% of its mobile tower network

• December: Spark exits sports streaming, TVNZ takes over rights

Warehouse Group (NZX: WHS)

• January: Warehouse Group reveals decreased sales in peak Christmas period

• April: Warehouse CEO optimistic about company’s prospects despite previous failures

• May: Warehouse Group releases Q3 sales update with mixed results

• November: Warehouse Group announces record Q1 sales

Heartland Group (NZX: HGH)

• May: Heartland appoints new CEO

• June: Heartland acquires livestock finance provider StockCo Australia

• September: Posts record NZ$95.1 million profit

• October: Heartland to buy Australian bank Challenger in NZ$40 million deal

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FURTHER READING

• Subscribe to Sharesight20 trading snapshots

• How Sharesight calculates your investment performance

• Top 20 NZX trades by Sharesight users – November 2022