Top 20 NZX trades by Sharesight users – May 2024

Welcome to the May 2024 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, trades were strongly led by Smartshares’ US 500 (NZX: USF) and NZ Top 50 (NZX: FNZ) ETFs. In terms of individual stocks, the top trades were led by Spark NZ (NZX: SPK), which was forced to downgrade its earnings guidance due to challenging market conditions. The top trades were followed by Infratil (NZX: IFT), which saw its share price skyrocket in the lead-up to its full-year earnings report, which exceeded analysts’ expectations.

Top 20 NZX trades May 2024

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

Spark NZ (NZX: SPK)

• Spark appoints new board director
• Spark downgrades earnings guidance due to challenging market conditions
• Earnings downgrade is damaging to consumer confidence, says analyst

Infratil (NZX: IFT)

• Infratil exceeds expectations in latest earnings report
• Infratil gains from AI craze spurring demand for data and energy
• Infratil has NZ$820 million to fund growth, says CEO

Air NZ (NZX: AIR)

• Air NZ expected to gain ACCC approval for codeshare with Virgin Australia
• Air NZ hikes fees for overweight luggage and domestic pet carriage

Ryman Healthcare (NZX: RYM)

• Ryman CEO resigns after less than three years in role
• Ryman makes Bellarine land acquisition to expand existing village
• Posts 98% drop in full-year net profit, fuelled by one-time costs and decreasing property values

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• Top 20 NZX trades by Sharesight users – April 2024