Top trades by New Zealand Sharesight users — March 2026

Welcome to the March 2026 edition of Sharesight’s monthly trading snapshot for New Zealand investors, where we look at the top 20 trades made by New Zealand Sharesight users. Below we will look at the top trades overall, plus the top trades in individual stocks, which allows us to observe the broader investment trends by Sharesight users in New Zealand, while also giving us an opportunity to zoom into the most popular stocks and the market-moving news behind them.

Top trades in March 2026

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This month, we’ve introduced a new chart design for our trading snapshots that shows which assets have risen or fallen in the rankings compared to the previous month. For the month of March, we can see that the Smartshares US 500 ETF (NZX: USF) has remained in first place, with investors likely taking advantage of market volatility triggered by the Iran war. Apple (NASDAQ: AAPL) saw the biggest change, moving from #2 in February to #20 in March. At the same time, fellow “Magnificent Seven” stocks Alphabet (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT) rose strongly in the rankings.

Most-traded stocks in March 2026

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The top-traded stocks were led by Microsoft (NASDAQ: MSFT) and NVIDIA (NASDAQ: NVDA), which both rose in the rankings compared to the previous month. The top trades were followed by Rocket Lab (NASDAQ: RKLB), which continued to be popular with investors due to its strong Q4 and full-year 2025 earnings reports.

Let’s look at some of the market-moving news behind some of this month’s top stocks:

Microsoft (NASDAQ: MSFT)

• Microsoft closes out its worst quarter since the GFC, driven by shareholders’ AI skepticism
• Should investors buy into the Microsoft dip?

NVIDIA (NASDAQ: NVDA)

• NVIDIA share price has grown 60% YoY, driven by AI craze
• Share price drops as broader market weakness impacts tech stocks

Rocket Lab (NASDAQ: RKLB)

• Rocket Lab posts strong Q4 and full-year 2025 results
• Completes two satellite missions in a week

Alphabet (NASDAQ: GOOGL)

• Analyst sees 40% upside for Alphabet shares
• Will Alphabet survive the ‘SaaS-pocalypse’?

Contact Energy (NZX: CEN)

• Raises NZ$125 million for renewable energy project expansion
• Posts higher sales and reduced costs in February 2026 report

Tesla (NASDAQ: TSLA)

• Tesla share price rises on strong earnings from key battery supplier
• Will the Tesla share price collapse?

Genesis Energy (NZX: GNE)

• Genesis completes NZ$400 million capital raise
• Genesis announces resignation of CFO

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FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• Sharesight users' top 20 trades – February 2026