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)


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)


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)

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