Top 20 ASX trades by Sharesight users – January 2023

Welcome to the January 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, trades were led by Pilbara Minerals (ASX: PLS), which saw its share price rise following strong Q2 earnings results. Trades were followed by BHP (ASX: BHP), which also produced impressive Q2 results. It was a popular month for mining stocks overall, with nine of the top 20 trades consisting of mining stocks.

Top 20 ASX trades January 2023

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

Pilbara Minerals (ASX: PLS)

• Pilbara appoints chief development officer
• Pilbara share price rises as investor sentiment grows for lithium stocks
• Releases strong Q2 results; plans to pay first dividend this year

BHP (ASX: BHP)

• Muswellbrook's Mount Arthur Coal Mine may close earlier than expected, endangering BHP jobs
• BHP strikes deal to hunt for Serbian copper amid green energy revolution
• BHP share price rises on strong Q2 results

Core Lithium (ASX: CXO)

• Core Lithium share price rises as company hits quarterly targets
• Dispatches first shipment from NT mine
• Relocates HQ to Perth; makes strategic executive appointments

Woodside (ASX: WDS)

• Woodside records highest-ever quarterly production
• Denies withholding energy supply to make wartime profits
• Gas price outlook clouded by European winter and Chinese recovery, says Woodside

Fortescue Metals (ASX: FMG)

• Fortescue ships record amount of iron ore
• Share price hits 52-week high following production update
• Loses electrolyser plant deal with Plug Power

Mineral Resources (ASX: MIN)

• Mineral Resources share price drops on broker downgrade
• Norwest accepts Mineral Resources’ revised takeover offer
• Share price slides following quarterly update

Westpac (ASX: WBC)

• Westpac share price up 20% in 6 months
• Leading broker forecasts 7% dividend yield for Westpac shares
• Westpac’s BT Panorama sale stalled due to dip in valuation

Track your investment portfolio with Sharesight

Get access to Sharesight20 insights like this by tracking your investment portfolio with Sharesight. Built for the needs of investors like you:

• Track all your investments in one place, including stocks, mutual/managed funds, property, and even cryptocurrency
• Get the true picture of your investment performance, including the impact of brokerage fees, dividends, and capital gains with Sharesight’s annualised performance calculation methodology
• Run powerful reports built for investors, including performance, portfolio diversity, contribution analysis, multi-period, multi-currency valuation and future income
• Run tax reports including taxable income (dividends/distributions), Capital Gains Tax (Australia and Canada), Traders Tax (Capital Gains for traders in NZ) and FIF foreign investment fund income reports (NZ)

Sign up for a FREE Sharesight account and get started tracking your investments today.

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.

FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• Sharesight users' top trades in US, ASX and NZX stocks – December 2022