Top 20 ASX trades by Sharesight users – October 2022

Welcome to the October 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). In terms of equities, buy trades were led by Core Lithium (ASX: CXO), which has seen its share price tumble following its failure to secure a deal to supply lithium to Tesla. At the same time, sell trades were led by Pilbara Minerals (ASX: PLS), which saw its share price hit a record high following the release of strong quarterly earnings results. It was a strong month for mining stocks overall, with 9 of the top 20 trades belonging to companies in the mining and minerals sectors.

Top 20 ASX trades October 2022

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

Pilbara Minerals (ASX: PLS)

• Pilbara Minerals reveals strong quarterly earnings
• Share price hits record high after earnings update
• Share price falls following broker downgrade

BHP (ASX: BHP)

• Govt. iron ore price forecast suggests BHP shares could suffer
• Activists denounce BHP proposal to extend QLD coal mine until 2116
• Relief for BHP as Chile lowers mining taxes

Core Lithium (ASX: CXO)

• Core Lithium fails to secure Tesla deal
• Share price plummets following failed Tesla deal
• Opens first lithium mine in Northern Territory

Macquarie Group (ASX: MQG)

• Macquarie share price hits 52-week low
• Share price on watch ahead of latest earnings results
• Macquarie share price slides while big banks rally

Fortescue Metals (ASX: FMG)

• Iron ore price drop puts pressure on Fortescue dividend payment
• Fortescue reveals record quarter for iron ore shipments
• Share price rises following strong quarterly results

Whitehaven Coal (ASX: WHC)

• Whitehaven share price up 200% in 2022
• Share price drops following weak quarterly results
• Floods cut access to Whitehaven coal mine sites

Westpac (ASX: WBC)

• Westpac signs 10-year AusPost deal as it continues to shut branches
• Westpac share price is up 16% this month
• Reveals AU$1.3 billion hit to half-year earnings

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• Top 20 ASX trades by Sharesight users – September 2022