Top 20 ASX trades by Sharesight users – March 2022

Welcome to the March 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 International Shares ETF (ASX: VGS), followed by the ETF provider’s Australian Shares (ASX: VAS) and Diversified High Growth (ASX: VDHG) ETFs. At the same time, sell trades were led by Woodside Petroleum (ASX: WPL), which is considering a merger with BHP (ASX: BHP) that would make it the largest ASX-listed energy firm. It was a mining-heavy month overall, with seven out of 10 of the top-traded stocks belonging to the mining sector. It was also a strong month for ETFs, with ETFs comprising nine out of 20 of the top trades.

Top 20 ASX trades March 2022

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

Woodside Petroleum (ASX: WPL)

• Woodside shareholders to vote on AU$41 billion merger with BHP

• Shares surge as oil price continues to rise

• Mining stocks hit 7-month high on the back of iron ore gains

BHP (ASX: BHP)

• BHP share price rises following broker upgrade

• ATSB delivers findings on BHP’s runaway iron ore train

• Plans to invest US$79 million in Canadian company Filo Mining

Fortescue Metals (ASX: FMG)

• Share price drops as iron ore prices impacted by Chinese COVID surge

• Fortescue discussing green hydrogen opportunities with Egyptian PM

• Iron ore price rallies, pushing up Fortescue share price by 8%

Core Lithium (ASX: CXO)

• Core Lithium MD announces resignation after 12 years with the company; share price drops

• Core Lithium to supply 110,000 tonnes of spodumene concentrate to Tesla

• Share price up 414% YoY

Macquarie Group (ASX: MQG)

• Macquarie buys stake in National Grid’s gas transmission business

• Share price rallies 9% in March

• Plans to launch an offshore wind energy business

Lake Resources (ASX: LKE)

• Lake Resources raises AU$39 million to support rapid expansion

• Share price skyrockets 30% in one week as investors bid up shares following positive announcements

• Share price hits record high; up 70% in a month

Nickel Mines Limited (ASX: NIC)

• Nickel Mines share price plummets despite nickel prices hitting an all-time high

• Withdraws share purchase plan; share price rises

• Leading broker suggests potential 40% upside for Nickel Mines

Zip Co (ASX: Z1P)

• Zip Co announces plan to merge with Sezzle

• Plans to raise almost AU$200 million to strengthen balance sheet; accelerate growth

• Zip shares drop 7.6% following share purchase plan announcement

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• Top 20 ASX trades by Sharesight users – February 2022