Sharesight20 top 20 trades on NZX – April 2021

Welcome to the April 2021 edition of the Sharesight20NZX monthly trading snapshot, where we look at the top 20 trades on the NZX made by Sharesight users during the month.

In this Sharesight20NZX snapshot, buy trades were strongly led by the Smartshares NZ Top 50 (NZX: FNZ) and US 500 (NZX: USF) ETFs, followed by Oceania Healthcare (NZX: OCA). At the same time, sell trades were led by Contact Energy (NZX: CEN) and Meridian Energy (NZX: MEL).

Sharesight20 top 20 NZX trades April 2021

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

a2 Milk (NZX: ATM)

• Could declining birth rates hurt a2’s share price in the long-term?
• Share price hits multi-year low after stock downgraded to ‘hold’ rating
• a2 shares down 63% in 9 months

Contact Energy (NZX: CEN)

• Contact Energy acquires Western Energy Services
• Contact Energy pushes higher despite expected selldown by overseas funds
• NZX falls, dragged down by Contact Energy

Meridian Energy (NZX: MEL)

• BlackRock sells 106 million shares of Meridian Energy
• Electricity Authority ceases trading investigation into Meridian
• Committee expresses concern over Meridian’s liability in wasted hydro power incident

Air New Zealand (NZX: AIR)

• Air NZ government loan increases from NZ$900 million to NZ$1.5 billion
• Tens of thousands of air bubble bookings, reports Air NZ
• Delays capital raise due to COVID uncertainty

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Disclaimer: The above 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. Always check with your financial adviser or accountant to obtain the correct advice for your situation.

FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• Sharesight20 top 20 trades on NZX - March 2021