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Top 20 ASX trades by Sharesight users – August 2023

by Stephanie Stefanovic, Content Manager, Sharesight | Aug 30th 2023

Welcome to the August 2023 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 Vaguard’s Australian Shares Index ETF (ASX: VAS), followed by Resmed (ASX: RMD), which reported revenue growth of 23% YoY. Over the same period, sell trades were led by Pilbara Minerals (ASX: PLS), which saw its share price drop despite reporting 326% profit growth in its FY23 results. Overall, this month’s top trades were largely dominated by index-tracking ETFs as well as stocks in the mining and minerals sectors.

Top 20 ASX trades August 2023

Top20 ASX monthly Aug23 2

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

ResMed (ASX: RMD)

CSL (ASX: CSL)

BHP (ASX: BHP)

  • BHP profit drops 37%, fuelled by Chinese economic woes
  • Residents object to BHP’s proposed mining camp in Kargoorlie-Boulder
  • BHP to boycott Queensland for new investment following introduction of coal royalty regime

Pilbara Minerals (ASX: PLS)

Westpac (ASX: WBC)

  • Westpac announces AU$1.8 billion quarterly profit; 10% down from first-half quarterly average
  • Westpac share price drops as quarterly profit falls short of market expectations
  • Leading broker bullish on Westpac; expects dividends to keep growing over next year

Woodside Energy (ASX: WDS)

Fortescue Metals (ASX: FMG)

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Disclaimer: The above article is for informational purposes only and does not constitute a specific product recommendation, or taxation or financial advice and should not be relied upon as such. While we use reasonable endeavours to keep the information up-to-date, we make no representation that any information is accurate or up-to-date. If you choose to make use of the content in this article, you do so at your own risk. To the extent permitted by law, we do not assume any responsibility or liability arising from or connected with your use or reliance on the content on our site. Please check with your adviser or accountant to obtain the correct advice for your situation.

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