Welcome to the August 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 Infratil (NZX: IFT), which recently announced its plans to invest in hydrogen energy and sustainable aviation fuel. Overall, this month’s top trades were dominated by ETFs, with 14 of the top 20 trades consisting of ETFs.

Top 20 NZX trades August 2023

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

Infratil (NZX: IFT)

• Infratil shareholders displeased with growing director fees
• Potential plans to add hydrogen energy and sustainable aviation fuel companies to renewable energy portfolio
• Announces latest share buyback program

Air New Zealand (NZX: AIR)

• Air NZ signals strong customer demand for FY24; declares first dividend in 3 years
• Air NZ signs deal with Sport 24 to provide onboard live sport to flights
• Adds 9,000 extra seats between Australia and New Zealand

Genesis Energy (NZX: GNE)

• Genesis energy reports record earnings, up 19% YoY
• Secures three new sites for combined 400 MW of solar capacity
• Joins freshwater conservation pact alongside Meridian Energy

Fletcher Building (NZX: FBU)

• Fletcher’s full net year profit declines by 46%
• Shareholders to receive reduced dividends on the back of Fletcher’s declining earnings
• Plans to make additional NZ$105 million cost provision for convention centre

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