Sharesight20 top 20 trades on NZX – March 2021

Welcome to the March 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 Contact Energy (NZX: CEN), followed by the Smartshares NZ Top 50 ETF (NZX: FNZ). At the same time, sell trades were led by a2 Milk (NZX: ATM). March also marked the debut of what has been referred to as ‘the biggest IPO to hit the NZX in seven years’, My Food Bag (NZX: MFB).

Sharesight20 top 20 NZX trades March 2021

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

Contact Energy (NZX: CEN)

• Contact Energy goes ex-dividend
• Plans to develop pipeline of large-scale wind farms in NZ
• Contact Energy completes oversubscribed NZ$75m retail entitlement offer

a2 Milk (NZX: ATM)

• a2 lowers 2021 outlook due to COVID-related losses
• a2 supplier sees half year net profit plummet by 76% due to lack of demand
• NZ recession fears bring down a2 and other NZX heavyweights

My Food Bag (NZX: MFB)

• My Food Bag debuts on NZX and ASX; share price drops
• Share price impacted by "broader market weakness"
• My Food Bag seeks NZ$342m for dual listing on NZX and ASX

Air New Zealand (NZX: AIR)

• Air NZ to operate non-stop flights between Auckland and Hobart once trans-Tasman bubble is established
• Air NZ advisor calls for more expensive airfares to discourage tourists
• Three new members appointed to panel developing Air NZ sustainability strategy

Oceania Healthcare (NZX: OCA)

• Oceania raises NZ$80m for Auckland expansion plans
• Oceania appoints new CEO Brent Pattison
• CEO Earl Gasparich tenders resignation

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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.

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• Sharesight20 top 20 trades on NZX - February 2021