Top 20 ASX trades by Sharesight users – September 2022

Welcome to the September 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 equities, buy trades were led by BHP (ASX: BHP), which is currently bidding to acquire copper-focused mining company OZ Minerals (ASX: OZL). At the same time, sell trades were led by Pilbara Minerals (ASX: PLS), which has seen its share price skyrocket this month. Overall, this month’s top ASX trades were heavily weighted towards mining stocks, with 10 of the top 20 trades comprising stocks in the mining and mineral exploration sectors.

Top 20 ASX trades September 2022

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

BHP (ASX: BHP)

• BHP share price down 14% in a month

• BHP considers upping AU$8.4 billion OZ Minerals bid

• Signs renewables agreement with Alinta Energy; expects to halve emissions at WA Iron Ore port facilities

Pilbara Minerals (ASX: PLS)

• Pilbara share price reaches record high following lithium auction

• Pilbara shares impacted by bearish market sentiment

• Share price soars by 30% in a month

Fortescue Metals (ASX: FMG)

• Fortescue pledges to exit fossil fuels by 2030

• Fortescue rejects claims that fossil fuel exit will result in dividend cuts

• Leading broker sees downside for Fortescue share price over next year

Woodside Energy Group (ASX: WDS)

• Woodside pays out record dividend as gas prices soar

• Woodside signs deal to supply LNG to Europe

• Environmental groups criticise Woodside’s "near-zero" emissions pledge

Lake Resources (ASX: LKE)

• Lake Resources hires new CEO and managing director

• Work to continue on Kachi demonstration plant despite technical dispute

• Leading broker sees 100% upside for Lake Resources share price

Core Lithium (ASX: CXO)

• Core Lithium prepares for first DSO shipment at Finniss project in NT

• Share price falls 15% amid broader market sell-off

• Core Lithium share price has skyrocketed 150% in 2022

Macquarie Group (ASX: MQG)

• Macquarie Group closes Asia equities funds

• Share price drops 10% following rejected takeover bid for UK waste business

• Leading broker tips 25% upside for Macquarie share price

Rio Tinto (ASX: RIO)

• Rio to work with China Baowu on US$2 billion Australian iron ore project

• Acquires Canadian copper miner Turquoise Hill in US$4.85 billion deal

• Copper’s short-term outlook is ‘challenged’ according to Rio CEO

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• Top 20 ASX trades by Sharesight users – August 2022