Top 20 ASX trades by Sharesight users – February 2023
Welcome to the February 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 Vanguard’s Australian Shares Index ETF (ASX: VAS). In terms of individual stocks, buy and sell trades were led by Whitehaven Coal (ASX: WHC), which announced record profit in its half-year financial results. Trades were followed by Commonwealth Bank (ASX: CBA), which also posted strong earnings results amid rising interest rates. It was a mining-heavy month overall, with 9 of the top 20 trades belonging to stocks in the mining sector.
Top 20 ASX trades February 2023
Let’s look at the news behind some of the key stocks in this month’s snapshot:
Whitehaven Coal (ASX: WHC)
- Strong Narrabri performance underpins record financial result for Whitehaven Coal
- Share price drops despite 423% profit growth
- Invests AU$2 million in new Gunnedah Koala Sanctuary
Commonwealth Bank (ASX: CBA)
- Interest rate rises propel CBA profit to AU$5.15 billion
- CBA share price on watch following strong earnings results and AU$1 billion share buy-back
- Share price sinks 6% amid concerns the bank’s net interest margin has peaked
Pilbara Minerals (ASX: PLS)
- Pilbara Minerals announces 989% profit surge
- Share price rises following strong earnings results; maiden dividend announcement
- Pilbara Minerals POSCO JV granted AU$683 million loan for South Korean lithium chemical facility
BHP (ASX: BHP)
- BHP profit falls 32% amid low iron ore prices
- Confirms plans to sell off Blackwater and Daunia coal mines
- Union demands job security for workers at soon-to-be-sold QLD mines
Westpac (ASX: WBC)
- Westpac share price drops following mixed quarterly results
- Signs 5-year deal with Amazon Web Services to expand cloud services
- Postpones closure of regional bank branches ahead of Senate inquiry
Woodside Energy (ASX: WDS)
- Woodside share price is up over 30% YoY
- Woodside profit hits record high due to BHP merger and soaring oil and gas prices
- Share price rises following strong earnings results
ANZ (ASX: ANZ)
- ANZ shares fall following quarterly results
- Announces AU$50 million investment in View Media Group
- Leading broker cites ANZ shares as ‘top pick’ in banking sector
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