Sharesight20 top 20 trades on NZX – November 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. Always check with your financial adviser or accountant to obtain the correct advice for your situation.

Welcome to the November 2020 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.

Sharesight20 top 20 NZX trades November 2020

In November’s Sharesight20NZX snapshot, buy trades were once again led by the Smartshares NZ Top 50 ETF (NZX: FNZ), followed by a2 Milk (NZX: ATM), which has assured investors that its Chinese sales will recover as Covid-19 restrictions are lifted. Meanwhile, sell trades were strongly led by Metlifecare (NZX: MET), which has seen a shakeup in its leadership roles as Swedish firm EQT takes ownership of the company.

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

The a2 Milk Company (NZX: ATM)

• "Short-term softness" expected for a2; earnings forecast uncertain
• a2 Milk chair says China tensions are "regrettable"

Fisher & Paykel Healthcare (NZX: FPH)

• Fisher & Paykel profit skyrockets by 86%, propped up by Covid
• Share price rises in anticipation of half-year earnings
• NZX 50 dragged down by Fisher & Paykel profit-taking

Metlifecare (NZX: MET)

• New directors for Metlifecare as EQT takes ownership
• Metlifecare CFO departs; joins Air New Zealand
• Metlifecare to repay $6.8m from government wage subsidy scheme

Air New Zealand (NZX: AIR)

• Air NZ share price rises on positive Covid vaccine news
• Air NZ CEO pockets $2m bonus despite airline losing $85m per month
• Staff protest outsourcing and cuts to Air NZ jobs

Mainfreight (NZX: MFT)

• Mainfreight records strong half-year earnings: net profit grows 23%
• Share price reaches record high at $60
• Mainfreight MD blames ports for slow delivery times; asks customers to lower expectations

Track your investment portfolio with Sharesight

Get access to Sharesight20 insights like this by tracking your investment portfolio with Sharesight. Built for the needs of investors like you:

• Track all your investments in one place, including stocks, mutual/managed funds, property, and even cryptocurrency
• Get the true picture of your investment performance, including the impact of brokerage fees, dividends, and capital gains with Sharesight’s annualised performance calculation methodology
• Run powerful reports built for investors, including Performance, Portfolio Diversity, Contribution Analysis and Future Income (upcoming dividends)
• Run tax reports including Taxable Income (dividends/distributions), Capital Gains Tax (Australia and Canada), Traders Tax (Capital Gains for traders in NZ) and FIF foreign investment fund income reports (NZ)

Sign up for a FREE Sharesight account and get started tracking your investments today.

FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• How I use Sharesight as an investor