Top 20 ASX trades by Sharesight users – February 2022

Welcome to the February 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 strongly led by Vanguard’s Australian Shares (ASX: VAS) and International Shares (ASX: VGS) ETFs, followed by CSL (ASX: CSL), which saw its share price surge on the back of strong half-year earnings results. At the same time, sell trades were led by Fortescue Metals (ASX: FMG), which saw its first-half profit tumble; followed by BHP (ASX: BHP), which paid shareholders a record interim dividend in 2022.

Top 20 ASX trades February 2022

Let’s look at the news behind some of the key stocks in this month’s snapshot:

CSL (ASX: CSL)

• CSL share price rises 8.5% following half-year earnings results

• CSL reveals 20% rise in seasonal flu vaccine sales

• Plans to shift away from COVID research

BHP (ASX: BHP)

• BHP pays record interim dividend for third consecutive year

• BHP willing to exceed its debt target for the right acquisition

• Finalises investigation into culturally significant Indigenous site; strengthens heritage controls

Fortescue Metals (ASX: FMG)

• Fortescue lowers interim dividend on the back of tumbling profit

• Reveals plan for WA renewables hub to power Pilbara operations

• Fortescue faces mass exodus of senior executives and managers

Magellan Financial (ASX: MFG)

• Magellan grows profit by 15%; plans options issue

• Share price surges over 18% following earnings result

• New chairman assures shareholders that Magellan team remains strong

Westpac (ASX: WBC)

• Westpac reveals strong quarterly earnings

• Westpac outlook "highly uncertain", says leading broker

• Announces AU$3.5bn share buyback scheme

Macquarie Group (ASX: MQG)

• Improved market conditions result in record quarter for Macquarie

• Macquarie could acquire a controlling stake in US$10bn UK gas business

• Macquarie share price is up 34% YoY

Wesfarmers (ASX: WES)

• Wesfarmers share price hits a new 52-week low

• Wesfarmers profit drops as retail struggles amid pandemic

• Receives regulatory approval to acquire Australian Pharmaceutical Industries

Woodside Petroleum (ASX: WPL)

• Woodside profit hits seven-year high; full year dividend surges

• Decides to withdraw from Myanmar; plans to write off AU$295m in expenses

• Shareholders to interrogate Woodside on climate impact

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FURTHER READING

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• Top 20 ASX trades by Sharesight users – January 2022