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Top trades by New Zealand Sharesight users — July 2024

July 30, 2024

This article originated from the Xero blog. The XU Hub is an independent news and media platform - for Xero users, by Xero users. Any content, imagery and associated links below are directly from Xero and not produced by the XU Hub.
You can find the original post here:
https://www.sharesight.com/blog/top-trades-new-zealand-sharesight-users-july-2024/

Welcome to the July 2024 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.

You may notice our trading snapshot looks different this month, as we have updated the design and are no longer highlighting the top 20 NZX trades. Instead, we are presenting the top trades by New Zealand investors, regardless of market, because this is a better reflection of how Kiwis are actually investing. You will also notice that we highlight the top 20 trades (across all asset classes), as well as the top 20 stocks, which allows us to observe the broader investment trends by New Zealand Sharesight users, while also giving us an opportunity to zoom into the most popular stocks and the market-moving news behind them.

Top trades July 2024

Top 20 trades NZ investors Sharesight

This month, the top trades were led by the Smartshares US 500 ETF (NZX: USF), followed by NVIDIA (NASDAQ: NVDA) and the Smartshares NZ Top 50 ETF (NZX: FNZ). It was a strong month for ETF trading overall, with 10 of the top 12 trades consisting of ETFs. It’s also worth noting that the majority of these trades are buy trades, which is to be expected in an ETF-heavy snapshot. Overall, this snapshot suggests that many New Zealand Sharesight users are employing a long-term buy-and-hold strategy.

Most-traded stocks July 2024

Top 20 NZ stock trades Sharesight

This month’s top-traded stocks were strongly led by NVIDIA (NASDAQ: NVDA), which has seen its share price decline throughout July, with many opportunistic Sharesight users buying the dip. The top trades were followed by Infratil (NZX: IFT), which spent the month raising equity to further fund its investment in data centre CDC.

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

NVIDIA (NASDAQ: NVDA)

Infratil (NZX: IFT)

Tesla (NASDAQ: TSLA)

Microsoft (NASDAQ: MSFT)

Apple (NASDAQ: AAPL)

Mainfreight (NZX: MFT)

Why leave it there?

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