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Sharesies investor mood up and down

Sharesies investor confidence in the second quarter of this financial year was relatively stable, but began falling in September according to the latest Sharesies index.

Tuesday, October 10th 2023, 8:29AM

The Q2 shift was likely influenced by a deterioration in US market performance and the lead up to the New Zealand general election, Sharesies said.

The index closed September at 36 (cautious), down seven points from 43 (balanced) at the end of Q1 in June. However the level remains much higher than earlier in 2023, when it fell to 21 (concerned) in April.

Sharesies created the index to gauge how retail investors feel about investing and where the mood is trending. It aggregates and ranks anonymised data from across the platform to produce a confidence scale of 0 (concerned) to 100 (extremely confident). 

With more than a million investors on Sharesies, it has one of the largest datasets in New Zealand from which to gather retail investor insights, it says.

Key inputs include the ratios of buying and selling, deposits and withdrawals, investing in companies versus funds, and the volatility of the 50 most owned investments on Sharesies – dubbed the Sharesies bundle.

Q2 data showed that July and August were Sharesies’ second and third-highest trading months ever, approaching record levels seen in November 2021.

“This quarter the average net buy/sell ratio has trended upwards, finishing September with a high of 1.31, meaning investors are on average buying more than selling.”

Tags: Sharesies

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ANZ 8.64 7.74 7.39 7.25
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BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
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CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 6.79 - -
Co-operative Bank - Owner Occ 8.40 6.99 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.49 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
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Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
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Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 7.99 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 6.99 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
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Pepper Money Advantage 10.49 - - -
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Resimac - LVR < 80% 8.84 8.09 7.59 7.29
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Resimac - LVR < 90% 9.84 9.09 8.59 8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
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SBS Construction lending for FHB - - - -
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Westpac 8.64 7.89 7.35 7.25
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Median 8.64 7.21 7.29 6.65

Last updated: 20 May 2024 10:01am

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