Top 20 NZX trades by Sharesight users – February 2023

Welcome to the February 2023 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, trades were led by Air New Zealand (NZX: AIR), which posted strong earnings results for the first half of FY22-23. It was a strong month for ETFs overall, with 14 of the top 20 trades belonging to ETFs.

Top 20 NZX trades February 2023

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

Air New Zealand (NZX: AIR)

• Air NZ back in the black amid growing travel demand

• More problems with Air NZ’s Auckland-New York direct flight

• Air NZ flights back in operation following Cyclone Gabrielle

Ryman Healthcare (NZX: RYM)

• Ryman Healthcare undertakes NZ$902 recapitalisation to repay US private placement debt

• Market regulator assessing Ryman recapitalisation to determine whether investors were misled about debt

• Investment mgmt. firm expresses concern over retirement sector debt levels

Mainfreight Limited (NZX: MFT)

• Mainfreight share price benefits from overseas rebound of logistics sector

• Mainfreight shines amid falling NZ share market

• Expects to deliver "satisfactory" earnings results despite subdued trading conditions in US and Asia

Spark New Zealand (NZX: SPK)

• Spark NZ reports NZ$837 million interim net profit

• Plans to invest NZ$350 million in growth due to struggling cloud business

• Spark CEO discusses stolen generators and the financial cost of Cyclone Gabrielle

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FURTHER READING

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• How Sharesight calculates your investment performance

• Top 20 NZX trades by Sharesight users – January 2023