Sharesies has biggest trading yet

Sharesies attributed the surge to the US tech stock rally, plus new investors entering the market at higher rates than seen over the past 18 months, and previously hesitant investors increasing their activity.

The highest individual trading day on record, March 5, saw $35.7m traded, mostly driven by Nvidia and Super Micro Computer, the latter having recently joined the S&P500.

The popularity of tech stocks led Sharesies investors to focus on the US, with investing volumes in US markets increasing 58% in the quarter. US trading comprised 75% of trading volumes in March, compared with 17% and 9% for NZX and ASX, respectively.

AI software and hardware manufacturer Nvidia was among Sharesies’ top movers, with total holdings increasing more than 165% from the end of Q3 to the end of Q4. Meanwhile, Advanced Micro Devices (AMD) attracted 30% more investors, with total holdings increasing by 82%.