Sharesight20 top 20 trades on ASX & NZX - April 2020

Disclaimer: The below article is for informational purposes only and does not constitute a product recommendation, or taxation or financial advice and should not be relied upon as such. Please check with your financial adviser or accountant to obtain the correct advice for your situation.

Welcome to the April 2020 edition of the Sharesight20 monthly trading snapshot, where we look at the top 20 trades on both the ASX and NZX made by Sharesight users during the month. After a particularly volatile March, Sharesight users looked for value opportunities, as well as showing continued interest in bear themed ETFs.

Here’s April’s top ASX and NZX trades.

Sharesight20 top 20 ASX trades April 2020

In April’s Sharesight20ASX snapshot the crown for the most traded stock again went to S&P ASX 300 index tracking ETF Vanguard Australian Shares (ASX: VAS) with investors considering recent falls in the index as a good opportunity to pick up the index at a discount. Interest in the two bear themed ETFs we first saw in March (ASX: BBOZ) & (ASX: BBUS) fell away slightly, though we also saw the BetaShares crude oil ETF (ASX: OOO) break into the monthly snapshot for the first time.

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

Afterpay Limited (ASX: APT)

• Afterpay tightens lending requirements in response to COVID-19
• Afterpay US customer base increases 283% on same quarter last year
• Online sales give Afterpay 'firepower' to withstand virus crisis
• Pressure builds on Afterpay to join 'Team Australia' over distressed borrowers
• Afterpay and these ASX shares are up over 40% in April
• Afterpay competitor Splitit posts record growth despite coronavirus crisis

Commonwealth Bank (ASX: CBA)

• Commonwealth Bank, Westpac rush to pause electronic payment fees
• Battling traders grab $150m from Commonwealth Bank’s virus loan scheme
• Commonwealth Bank slashes variable home loan rates before cash rate decision
• Commonwealth Bank to automatically change home loan customers' repayment amounts

Macquarie Group (ASX: MQG)

• Macquarie quietly expands European wind portfolio with 80MW Norwegian project
• Bidders (including Macquarie) line up as Virgin Australia clears the debt
• Is Macquarie a better buy in 2020?

Westpac Banking Corp (ASX: WBC)

• Westpac's new CEO warns setting dividends will be a 'fine balance'
• Westpac freezes credit card charges, suspends landlord insurance sales
• Westpac sets aside $3.6b for coronavirus debt and AUSTRAC penalty
• Westpac finally gets Apple Pay, includes eftpos
• Westpac flags $2.2b hit from soured loans

Woodside Petroleum (ASX: WPL)

• "Unprecedented combination": Woodside counts cost of oil war
• Woodside denies further 300 workers stood down at Karratha
• Woodside sales revenue plunges over 20%
• Global oil pact ’no magic fix' to virus crash, warns Woodside
• TechnipFMC awarded subsea contract to help develop offshore Woodside project
• Climate revolt looms for Woodside on gas emissions goals

Webjet Limited (ASX: WEB)

• Webjet put into trading halt
• Grounded Webjet to raise $275 million
• Pulls plug on cruise sales and makes 440 staff redundant
• Webjet raises $346m in capital
• Forced to refund $14.5m after raising too much money

Sharesight20 top 20 NZX trades April 2020

Let's look at the news behind some of the most trades stocks on the NZX:

Air New Zealand (NZX: AIR)

• Air New Zealand appoints new HR chief amid layoffs
• Air New Zealand down to 43 domestic services per week
• Extends coronavirus skeleton schedule until June 30
• AirNZ: no Boeing 777 flights to April 2021, Boeing 787-10 pushed back
• Air New Zealand named the most reputable brand across Australia and New Zealand

Kathmandu Holdings Limited (NZX: KMD)

• Kathmandu halts ahead of $NZ200m equity top up
• Largest Kathmandu shareholder not taking part in $201 million capital raising
• Kathmandu unveils deeply discounted raising

Auckland International Airport (NZX: AIA)

• Auckland Airport looking to raise $1.2 billion
• Auckland Airport rallies after $1b placement
• Domestic hub future possible for Auckland Airport
• International passenger numbers at Auckland Airport drop 95 percent
• Auckland Airport proposes cutting around 70 staff in short term

Sharesight20 Snapshots for 2019

We recently published our Sharesight20 top 20 trades data for the 2019 calendar year across exchanges in Australia, New Zealand, Canada and the USA. You can read our 2019 Sharesight20 updates here:

• Top 20 trades on the ASX in 2019 - Sharesight20
• Top 20 trades on the NASDAQ in 2019 - Sharesight20
• Top 20 trades on the NYSE in 2019 - Sharesight20
• Top 20 trades on the NZX in 2019 - Sharesight20
• Top 20 trades on the TSX/TSE in 2019 - Sharesight20

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