BlogSharesight20

Sharesight20 top 20 trades in ASX stocks for 2020

by Stephanie Stefanovic, Content Writer, Sharesight

Each year, Sharesight20 looks back at the top 20 buy and sell trades made by Sharesight users throughout the year. Welcome to the 2020 edition of the Sharesight20ASX snapshot, where we explore the top trades users have made in stocks on the ASX this year, plus the market-moving news behind these stocks.

Sharesight20 top 20 ASX stocks traded in 2020

Top20 ASX YTD

This yearly Sharesight20ASX snapshot saw the rise of buy-now-pay-later (BNPL) stocks Afterpay (ASX: APT) and Zip Co (ASX: Z1P), both of which were bolstered by the growing adoption of BNPL methods driven by Australia’s economic downturn and a shift to online shopping amid the COVID-19 pandemic. Traditional blue chip stocks such as the big four banks were also heavily traded by Sharesight users, in a tumultuous year for the firms that resulted in massive fines, plummeting share prices and COVID-related losses.

Overall, it was a challenging year for the ASX, with steep losses during the height of Australia’s lockdown in March. Share prices have since recovered however, with the index trending towards pre-pandemic levels.

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

Zip Co (ASX: Z1P)

Afterpay (ASX: APT)

National Australia Bank (ASX: NAB)

Commonwealth Bank (ASX: CBA)

Westpac (ASX: WBC)

CSL (ASX: CSL)

Qantas Airways (ASX: QAN)

Webjet (ASX: WEB)

Woodside Petroleum (ASX: WPL)

Macquarie Group (ASX: MQG)

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 product recommendation, or taxation or financial advice and should not be relied upon as such. Always check with your financial adviser or accountant to obtain the correct advice for your situation.

FURTHER READING

Try Sharesight today
Track 10 holdings for free.
Sign up for Free