Sharesight20 top 20 trades on ASX & NZX - November 2019

Disclaimer: The below 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. Please check with your financial adviser or accountant to obtain the correct advice for your situation.

Welcome to the November 2019 edition of the Sharesight20 monthly trading snapshot (click here for October 2019’s Sharesight20, we skipped September), where we look at the top 20 trades on both the ASX and NZX made by Sharesight users during November, and dig a little deeper into the news behind these movements.

Let’s dive into November’s top trades.

Sharesight20 top 20 ASX trades November 2019!

Investor preference continued towards VAS and it again was the top traded stock carrying on from October. Other highlights in this month’s top 20 ASX trades include:

Westpac Banking Corp (ASX: WBC)

Westpac featured heavily in the news cycle this month, and was also the most traded non ETF stock on the ASX by Sharesight users after Australia’s anti money laundering and terrorism financing regulator AUSTRAC took action against the bank for contraveening the AML/CTF act.

• Westpac accused of more than 23m breaches of anti-money laundering laws

• Westpac's dirty laundering exposed

• Westpac announced a freeze on executives' bonuses following money laundering scandal

• Westpac’s board issued a grovelling apology to Australians, vowing change

• CEO Brian Hartzer resigned over money-laundering scandal

• Plus, Westpac is seeking to raise as much as $2.5 billion in fresh equity in capital raise

Afterpay Touch (ASX: APT)

• Alinta owner Chow Tai Fook took an equity stake in Afterpay rival Openpay

• Afterpay senior executive resigned

• Afterpay in big data push with $200m US tech investment

• Afterpay will face increased competition across the Tasman from new rival

• Afterpay entered its largest online deal to date with eBay Australia

• Afterpay and its competitors are under pressure to charge customers for their service

Appen Limited (ASX: APX)

• Appen upgraded earnings, pushing shares up 13%

Novita Health Limited (ASX: NHL)

• Check-up: Novita cracked some codes in the US and sextupled its share price

• Healthcare stocks tipped for strong 2020 as clinical trial results pour in

• Novita’s TALi Train keeps share price soaring

National Australia Bank (ASX: NAB )

• NAB settled credit card insurance class action for $50 million

• NAB suffers dramatic 10.6% profit fall in wake of banking royal commission

Jumbo Interactive Ltd (ASX: JIN)

• The Jumbo Interactive share price is down 20% in November - why?

• Jumbo Interactive to acquire Gatherwell in the UK

Sharesight20 top 20 NZX trades November 2019

Top 3 most traded stocks for NZX remain unchanged from October. Key news making stocks featuring in this NZX top 20 snapshot include:

The a2 Milk Company (NZX: ATM)

• a2 Milk shares jump as China surge prompts earnings guidance upgrade

• a2 Milk’s margin boost gets stock moving

• a2 Milk is AOK

• Synlait and the a2 Milk Company extend supply agreement

Ebos Group Limited (NZX: EBO)

• UBS in EBOS Holdings block trade, Sybos selling

• Ebos Group’s stock price collapsed 9.5% when the largest shareholder, Sybos Holdings, announced they were selling 1/3 of their holdings at a discount

Contact Energy Limited (NZX: CEN)

• Contact Energy targets dividend of 39 cents per share for FY20

Meridian Energy Limited (NZX: MEL)

• Meridian Energy presents monthly report; National Hydro Storage at 111% of historical average

• Meridian adds more energy to Lake Pukaki

Z Energy Limited (NZX: ZEL)

• Z Energy's net profit down 74% from last year's

Air New Zealand Limited (NZX: AIR)

• Air New Zealand cancels flights due to ongoing issues with engines

• Passengers affected by Air New Zealand Christmas cancellations may not be covered by insurance

• Air New Zealand to sell $2 plus taxes return flights between London and LA

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FURTHER READING

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• Blog – 7 reasons why Sharesight is better than a spreadsheet