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Sharesight users' top 20 trades in NZX stocks for 2022

by Stephanie Stefanovic, Content Manager, Sharesight | Dec 21st 2022

Each year, Sharesight looks back at the top 20 buy and sell trades made by Sharesight users throughout the year. Welcome to the 2022 edition of our annual trading snapshot, where we explore the top trades users made in stocks on the NZX this year, plus the market-moving news behind some of these stocks.

Sharesight users’ top 20 NZX trades in 2022

Top20 NZX trades 2022

In this yearly 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 experienced a significant drop in its share price during the May-July period, ultimately seeing its share price decline by over 19% since the beginning of 2022 (as at the time of publishing).

Trades were followed by Mainfreight (NZX: MFT), which saw a steady decline in its share price throughout the year, with a decline of over 28% since the beginning of 2022.

It was a varied year overall, with the top trades spanning stocks in the aviation, logistics, healthcare, utilities and infrastructure sectors.

Let’s look at the news behind some of the key stocks in this year’s snapshot:

Air New Zealand (NZX: AIR)

January: Air NZ announces two executive team appointments
February: Air NZ records NZ$376 million loss for Q2 2021; predicts worse to come in 2022
March: Air NZ seeking to raise over NZ$2 billion to bolster balance sheet
April: Reveals four-year investment plan for airport base
May: Air NZ completes NZ$1.2 billion capital raise
July: Share price drops following announcement of expected loss of NZ$750 million for the financial year
August: Air NZ posts third straight annual loss; sees potential for rebound in 2023
September: Share price up 9% following guidance update
October: Troubles continue for Air NZ’s "direct" New York flight
November: Air NZ sees strong demand continuing despite tough economic conditions
December: Boosts half-year earnings guidance for FY23 due to growing demand

Mainfreight (NZX: MFT)

January: Mainfreight MD assures that company will keep trucks at full capacity during Omicron outbreak
February: Mainfreight shares surge on the back of soaring profit
March: Mainfreight suspends services in and out of Russia
July: Pays workers NZ$94 million-worth of bonuses as profits boom
August: Trading update shows rapid profit growth for Mainfreight
October: Mainfreight raises half-year outlook ahead of earnings results
November: Share price falls despite half-year revenue growth of 32%

Ebos Group (NZX: EBO)

January: Ebos plans to buy LifeHealthcare for AU$1.16 billion
February: Ebos posts record half-year earnings results
October: Ebos CEO gets 58% pay increase
November: Leads NZX higher as stocks rally on positive US inflation data

Spark New Zealand (NZX: SPK)

March: Spark acquires significant share in environmental IoT company Adroit
April: Spark commences partial cell tower network sale
July: Spark plans to sell 70% of TowerCo for NZ$900 million
September: Spark joins the ASX 200
October: Finalises sale of 70% of its mobile tower network
December: Spark exits sports streaming, TVNZ takes over rights

Warehouse Group (NZX: WHS)

January: Warehouse Group reveals decreased sales in peak Christmas period
April: Warehouse CEO optimistic about company’s prospects despite previous failures
May: Warehouse Group releases Q3 sales update with mixed results
November: Warehouse Group announces record Q1 sales

Heartland Group (NZX: HGH)

May: Heartland appoints new CEO
June: Heartland acquires livestock finance provider StockCo Australia
September: Posts record NZ$95.1 million profit
October: Heartland to buy Australian bank Challenger in NZ$40 million deal

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