Welcome to the November 2023 edition of Sharesight’s monthly NZX trading snapshot, where we look at the top 20 trades Sharesight users made on the NZX during the month.

In this 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 Infratil Limited (NZX: IFT), which more than doubled its first-half net profit; followed by Air New Zealand (NZX: AIR), which is set to continue discounting fares due to a lack of demand.

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

Infratil Limited (NZX: IFT)

• Infratil more than doubles first-half net profit to NZ$1.2 billion
• Announces reduced dividend for December
• Infratil’s CDC reportedly seeking additional NZ$1.08 billion for five-year expansion plan

Air New Zealand (NZX: AIR)

• Maintenance issues expected to cause up to two years of Air NZ flight disruption
• Virgin Australia and Air NZ to work together again on trans-Tasman flights
• Air NZ poised to continue discounting flights due to reduced demand

Mainfreight Limited (NZX: MFT)

• Mainfreight reports plummeting first-half profit amid slowing global trade
• Share price rises 9% despite disappointing earnings report

Contact Energy (NZX: CEN)

• Contact Energy’s Tauhara geothermal power station forced to delay commissioning by six months
• Plans to lodge NZ$1 billion Southland wind farm consent application
• Residents disapprove of Contact’s proposed Southland wind farm

Genesis Energy (NZX: GNE)

• Genesis Energy ups prices by 30%, citing inflationary pressures
• Genesis Energy’s offshore pipeline throughput rises in Q3
• Renews partnership with DOC to protect NZ’s whio population

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