Welcome to the September 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 Air New Zealand (NZX: AIR), which has projected increased headwinds due to rising fuel costs and growing competition. Overall, this month’s top trades were dominated by ETFs, with 14 of the top 20 trades consisting of ETFs.

Top 20 NZX trades September 2023

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

Air New Zealand (NZX: AIR)

• Air NZ warns of challenges ahead due to rising fuel prices and increased competition
• Expects ‘significant hit’ to next year’s flight schedule due to RTX engine issues
• Air NZ marks one year since launch of direct New York flights

Meridian Energy (NZX: MEL)

• Meridian reports higher sales yet lower revenue and full year net profit
• Meridian to start charging customers at public EV charging stations
• NZX falls to lowest level in 2023, led by unusual volatility in Meridian shares

Spark New Zealand (NZX: SPK)

• Spark launches cybersecurity partnership with Radware
• Enlists new chief executive for Spark Health
• Spark continues to roll out “self-healing” network

Genesis Energy (NZX: GNE)

• Genesis customers facing LPG delays
• Secures sites for three new solar farms in NZ
• Genesis among first three NZ companies using Microsoft’s new generative AI service

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