Top 20 ASX trades by Sharesight users – November 2022

Welcome to the November 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 Australian Shares Index ETF (ASX: VAS), followed by the ETF provider’s MSCI Index International Shares ETF (ASX: VGS). In terms of individual stocks, buy trades were led by Pilbara Minerals (ASX: PLS), which recently announced a joint venture with clean tech company Calix. At the same time, sell trades were led by Core Lithium (ASX: CXO), which saw its share price hit an all-time high in November. It was a mining-heavy month overall, with 8 of the top 20 trades belonging to stocks in the mining and minerals sector.

Top 20 ASX trades November 2022

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

Pilbara Minerals (ASX: PLS)

• Pilbara shares rise on announcement of Calix deal

• Receives highest-ever bid for spodumene

• Share price plummets alongside other lithium stocks

• Pilbara share price is up 55% in 2022

Core Lithium (ASX: CXO)

• Core Lithium share price drops 25% as investors fret over Chinese lithium demand

• Share price hits all-time high amid reports of China easing COVID-19 restrictions

• Could government intervention jeopardise lithium prices?

BHP (ASX: BHP)

• Leading broker downgrades BHP share rating

• BHP makes final offer of AU$9.6 billion for OzMinerals

• Share price rises 9% in a week as iron ore and copper prices surge

Woodside Energy (ASX: WDS)

• Woodside ships LNG to Europe in rare trade

• Share price hits 8-year high amid soaring oil and gas prices

• Share price is up 80% in 2022

Whitehaven Coal (ASX: WHC)

• Whitehaven CEO sells AU$7.9 million-worth of shares

• Coal mining now costs double 2016 levels, says Whitehaven

• Whitehaven downgrades FY23 guidance following La Nina impacts

Xero (ASX: XRO)

• Over AU$1 billion wiped off Xero market cap amid growing losses, CEO resignation

• Xero appoints Sukhinder Singh Cassidy as new CEO

• Leading broker sees 80% upside for Xero shares

New Hope Corporation (ASX: NHC)

• New Hope plans to restart New Aceland coal mine after 15-year battle

• Share price drops 8% following quarterly update; Chinese demand concerns

• Share price is up 152% in 2022

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• Top 20 ASX trades by Sharesight users – October 2022