Top 20 ASX trades by Sharesight users – September 2021

Welcome to the September 2021 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 the Vanguard Australian Shares Index ETF (ASX: VAS), closely followed by Fortescue Metals (ASX: FMG), which saw its share price strongly decline throughout September due to a sudden fall in iron ore prices. Sell trades were also led by Fortescue Metals, followed by BHP (ASX: BHP), which had a busy month planning to buy and sell off various assets. Overall, this month’s top trades were dominated by ETFs, with the remaining trades heavily weighted towards mining stocks.

Top 20 ASX trades September 2021

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

Fortescue Metals (ASX: FMG)

• Fortescue posts record AU$14b profit as iron ore price soars
• Share price down over 20% since beginning of September; analysts expect a resurgence
• Establishes 10-year mining pact with Aboriginal group

BHP (ASX: BHP)

• BHP in bidding war over takeover of Canadian miner Noront
• Prepares Mt Arthur mine for sale; tells 80 workers to relocate or resign
• Declares net zero goal for suppliers amid climate change scrutiny

Pilbara Minerals (ASX: PLS)

• Pilbara sells lithium at auction for US$2,240/t; achieves 550% price increase YoY
• Upgrades Pilgangoora mineral resource by 59%
• Share price hits all-time high; grows 185% YoY

Zip Co (ASX: Z1P)

• Zip plans to expand to India with AU$70m investment in ZestMoney
• Share price jumps following Indian expansion news
• Announces physical cards and crypto compatibility

Novonix (ASX: NVX)

• Novonix share price hits record high amid growing EV outlook
• Increases US production as Biden government accelerates EV shift
• Share price drops following broker downgrade

Vulcan Energy (ASX: VUL)

• Vulcan share price jumps despite FY21 losses
• Raises AU$200m through share placement; plans to expand renewable energy and lithium development
• Share price skyrockets 12% to hit all-time high

Lynas Rare Earth (ASX: LYC)

• Lynas share price continues surge following FY21 results
• Lynas essential in plan to weaken Chinese dominance over rare-earth minerals
• Steep drop in Lynas share price; rare earth market volatility could be to blame

Wesfarmers (ASX: WES)

• Wesfarmers ups API takeover bid to AU$764m following rejected bid
• Rival company Sigma Healthcare makes competing bid for API
• Analysts are bullish about Wesfarmers’ long-term potential

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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

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• Top 20 ASX trades by Sharesight users – August 2021