Top 20 NZX trades by Sharesight users – November 2021

Welcome to the November 2021 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, buy trades were equally led by the Smartshares US 500 ETF (NZX: USF) and Westpac (NZX: WBC), which saw its share price suffer throughout November on the back of a weak earnings report. Sell trades were led by a2 Milk (NZX: ATM), which announced a new 5-year recovery strategy that includes moving away from the daigou market as a main revenue stream.

Top 20 NZX trades November 2021

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

Westpac (NZX: WBC)

• Westpac leads NZX 50 market fall following weak earnings report

• Investor confidence tainted by cost blowout, falling profit margins

• Westpac raises US$5.5b in record bond deal

• Commits NZ$300m to sustainable investments

a2 Milk (NZX: ATM)

• a2 facing another shareholder lawsuit over share price collapse

• Chairman says a2 will reduce reliance on daigou market

• a2 outlines 5-year strategy for recovery

The Warehouse Group (NZX: WHS)

• Over 280 Warehouse Group workers strike over wages, job security and safety

• Warehouse Group signs NZ$70m sustainability loan with Westpac

• Warehouse Group to close second of three Dunedin stores

Contact Energy (NZX: CEN)

• Contact Energy warns closure of gas power plants will be ‘chaotic’

• More details revealed for Contact’s proposal to merge all fossil fuel power stations into one company

• Central Otago residents concerned over plans to build data centre in Clyde

Track your investment portfolio with Sharesight

Get access to Sharesight20 insights like this by tracking your investment portfolio with Sharesight. Built for the needs of investors like you:

• Track all your investments in one place, including stocks, mutual/managed funds, property, and even cryptocurrency

• Get the true picture of your investment performance, including the impact of brokerage fees, dividends, and capital gains with Sharesight’s annualised performance calculation methodology

• Run powerful reports built for investors, including Performance, Portfolio Diversity, Contribution Analysis and Future Income

• Run tax reports including Taxable Income (dividends/distributions), Capital Gains Tax (Australia and Canada), Traders Tax (Capital Gains for traders in NZ) and FIF foreign investment fund income reports (NZ)

Sign up for a FREE Sharesight account and get started tracking your investments today.

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.

FURTHER READING

• Subscribe to Sharesight20 trading snapshots

• How Sharesight calculates your investment performance

• Top 20 NZX trades by Sharesight users – October 2021