Blog

Sharesight users' top 20 ASX trades of FY23/24

by Stephanie Stefanovic, Content Manager, Sharesight | Jun 27th 2024

Welcome to our annual Australian financial year trading snapshot, where we look at the 20 most traded ASX stocks by Sharesight users during the 2023/24 financial year. To find out the market-moving news behind some of these stocks, keep reading.

Top20 ASX trades AUFY23_24

In this FY23/24 trading snapshot, trades were strongly led by Vanguard’s Australian Shares Index ETF (ASX: VAS). In terms of individual stocks, trades were led by Woodside Energy (ASX: WDS), which posted declining earnings throughout the financial year. This was reflected in its share price, which has been on a steep downward trend since October 2023. The top trades were followed by BHP (ASX: BHP), which also posted a number of disappointing earnings results. Despite this, the miner’s share price remained relatively stable throughout the financial year. Overall, the top trades for FY23/24 were heavily weighted towards index-tracking ETFs and blue chip stocks in the mining and banking sectors.

Woodside Energy (ASX: WDS)

BHP (ASX: BHP)

Pilbara Minerals (ASX: PLS)

  • July 2023: Pilbara CEO dismisses plummeting share prices as disproportionate response to drop in lithium prices
  • August 2023: Pilbara shares down despite profit growth
  • September 2023: Pilbara Minerals now the most shorted stock on the ASX; lithium stocks increasingly targeted
  • October 2023: Falls short of market expectations in Q1 earnings results
  • November 2023: Share price has dropped 26% over the past six months
  • December 2023: Pilbara short-selling hits a new high as analysts divided over stock’s future
  • January 2024: Pilbara share price drops despite news of expanded offtake agreement with Ganfeng Lithium
  • February 2024: Shares plummet as Pilbara reports 76% drop in half-year profit, plans to withhold dividend
  • March 2024: Pilbara share price rises on deal with Tesla supplier
  • May 2024: Leading broker expects Pilbara share price to fall 35% over the next year

ResMed (ASX: RMD)

CSL (ASX: CSL)

Macquarie Group (ASX: MQG)

  • September 2023: Shares drop due to concerns over economic headwinds for asset management branch
  • November 2023: Macquarie cuts jobs as tech expenses grow
  • January 2024: Macquarie raises AU$8.72 billion for new European infrastructure fund
  • February 2024: Macquarie profit plummets due to weakness in commodities and global markets business; commodities head to step down
  • May 2024: Share price drops following disappointing FY24 earnings

Fortescue Metals (ASX: FMG)

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:

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

Disclaimer: The above article is for informational purposes only and does not constitute a specific product recommendation, or taxation or financial advice and should not be relied upon as such. While we use reasonable endeavours to keep the information up-to-date, we make no representation that any information is accurate or up-to-date. If you choose to make use of the content in this article, you do so at your own risk. To the extent permitted by law, we do not assume any responsibility or liability arising from or connected with your use or reliance on the content on our site. Please check with your adviser or accountant to obtain the correct advice for your situation.

FURTHER READING

Track RBC Direct trades with Sharesight

Import RBC Direct Investing trades to Sharesight

by Stephanie Stefanovic | Jul 14th 2024

If you’re a Canadian investor trading with RBC Direct Investing, you can easily import your trading data to your Sharesight portfolio.

July 2024 product updates

Sharesight product updates – July 2024

by Ben Clendon | Jul 9th 2024

This month's focus was on expanding our broker and crypto support, improvements to billing and the introduction of the new holdings page to consolidated views.

Taxable income report for Australian investors

Taxable income report for Australian investors

by Stephanie Stefanovic | Jul 8th 2024

Sharesight's taxable income report is designed to meet the needs of Australian investors filing tax returns for the ATO.