Top 20 ASX trades by Sharesight users – March 2024
Welcome to the March 2024 edition of Sharesight’s monthly ASX trading snapshot, where we look at the top 20 trades Sharesight users made on the ASX during the month.
In this snapshot, buy trades were strongly led by Vanguard’s Australian Shares Index ETF (ASX: VAS). In terms of individual stocks, buy trades were led by BHP (ASX: BHP), which recently cut 25% of the workforce at its West Musgrave nickel and copper project. Over the same period, sell trades were led by Pilbara Minerals (ASX: PLS), which saw its share price rise following the announcement of a new offtake agreement with Tesla supplier Sichuan Yahua Industrial Group.
Top 20 ASX trades March 2024
Let’s look at the news behind some of the key stocks in this month’s snapshot:
BHP (ASX: BHP)
- Should BHP shareholders be concerned by the iron ore selloff?
- BHP cuts 25% of WA nickel project workforce
- BHP forecasts tightening of copper market amid global decarbonisation push
Woodside Energy (ASX: WDS)
- Woodside denounced for lack of action on climate and clean energy
- Woodside in final talks with WA government over deal to secure domestic gas supply
- CEO assures shareholders that Woodside shares can ‘thrive through the energy transition’
Pilbara Minerals (ASX: PLS)
- Pilbara share price rises on deal with Tesla supplier
- Pilbara seeking to build new lithium conversion facility by 2025
- Could there be long-term upside potential for Pilbara?
Westpac (ASX: WBC)
- Westpac launches tech program to bring together Westpac, St.George, Bank of Melbourne and BankSA in one single platform
- Share price hits a new 52-week high
- Westpac shares could be in store for a ‘significant reset’, says analyst
Telstra (ASX: TLS)
- Telstra share price nears 52-week low
- Appoints new networks and technology lead
- Leading broker upgrades Telstra shares, forecasts growing stream of dividends
Fortescue Metals (ASX: FMG)
- Fortescue stock rally comes to an end as metal prices slump
- Share price rises as Fortescue hits milestone in low emissions mining
- Fortescue attributes senior executive exodus to ‘cultural misalignment’
Zip Co (ASX: ZIP)
- Zip posts record-breaking performance in the US market
- Share price up 400% since November; receives buy rating from leading broker
- Shareholders decry Zip’s unfortunately timed ‘opt-out’ share buyback scheme
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