Top 20 ASX trades by Sharesight users – April 2022
Welcome to the April 2022 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 led by Vanguard’s International Shares ETF (ASX: VGS), followed by Vanguard’s Australian Shares (ASX: VAS) ETF. In terms of individual stocks, buy trades were led by BHP (ASX: BHP), which saw its Chilean operations suffer due to protests over environmental damage allegations. At the same time, sell trades were led by Lake Resources (ASX: LKE), which saw its share price skyrocket throughout April. It was a mining-heavy month overall (including a strong emphasis on lithium stocks), with 12 of the top 20 ASX trades belonging to the mining sector.
Top 20 ASX trades April 2022
Let’s look at the news behind some of the key stocks in this month’s snapshot:
BHP (ASX: BHP)
BHP sued over alleged environmental damage caused by Chilean mine
BHP cuts copper outlook due to Chilean protests
Releases operational review citing skills shortages and labour market tightness in Australia and Chile
Core Lithium (ASX: CXO)
Core Lithium preparing to build new dense media separation plant
Up 427% YoY, Core Lithium share price continues to surge
Encouraging assay results for Finniss Lithium Project near Darwin
Lake Resources (ASX: LKE)
Lake Resources secures lithium supply deal with Ford
Share price surges as lithium prices ease
Share price skyrockets 56% in a month
Pilbara Minerals (ASX: PLS)
Share price rises following update on lithium chemicals conversion facility
Broker tips 41% upside for Pilbara share price
Share price drops 5% following quarterly guidance update
Allkem (ASX: AKE)
Final approvals granted for Solaroz lithium brine project
Allkem shares hit record high after Solaroz and Sal de Vida updates
Analysts bullish on Allkem shares due to growth pipeline; extended rally in spot commodity markets
Woodside Petroleum (ASX: WPL)
Woodside lags behind European competitors in green ratings
Woodside confident in Chinese gas demand despite COVID lockdowns
Applies for US listing prior to AU$63 billion merger vote
Wesfarmers (ASX: WES)
Wesfarmers announces new health unit CFO
Share price down in April as consumer sentiment declines
Wesfarmers sells AU$500 million Coles stake
Lynas Rare Earths (ASX: LYC)
Construction begins on Lynas’ rare earths processing facility in Kalgoorlie
Lynas posts record revenue due to strong rare earths demand
Lynas share price has surged 50% in 6 months
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