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Sharesight users' top 20 SMSF trades of FY23/24

by Stephanie Stefanovic, Content Manager, Sharesight | Jun 28th 2024

Welcome to our annual Australian financial year trading snapshot for SMSFs, where we look at Sharesight users’ 20 most traded SMSF stocks during the 2023/24 financial year. To find out the market-moving news behind some of these stocks, keep reading.

Top20 AU SMSF trdes FY23 24

In this FY23/24 SMSF trading snapshot, buy trades were led by ResMed (ASX: RMD), which experienced several dips in its share price due to growing concerns about the impact of Ozempic; however the company managed to produce strong earnings results throughout the year. At the same time, sell trades were led by CSL (ASX: CSL), which saw its share price fluctuate throughout the year as investor confidence dropped. Overall, the top 20 SMSF trades were highly skewed towards ASX blue chip stocks, particularly those in the mining, medical and banking sectors.

CSL (ASX: CSL)

Woodside Energy (ASX: WDS)

ResMed (ASX: RMD)

BHP (ASX: BHP)

Pilbara Minerals (ASX: PLS)

  • July 2023: Pilbara CEO dismisses plummeting share prices as disproportionate response to drop in lithium prices
  • August 2023: Pilbara shares down despite profit growth
  • September 2023: Pilbara Minerals now the most shorted stock on the ASX; lithium stocks increasingly targeted
  • October 2023: Falls short of market expectations in Q1 earnings results
  • November 2023: Share price has dropped 26% over the past six months
  • December 2023: Pilbara short-selling hits a new high as analysts divided over stock’s future
  • January 2024: Pilbara share price drops despite news of expanded offtake agreement with Ganfeng Lithium
  • February 2024: Shares plummet as Pilbara reports 76% drop in half-year profit, plans to withhold dividend
  • March 2024: Pilbara share price rises on deal with Tesla supplier
  • May 2024: Leading broker expects Pilbara share price to fall 35% over the next year

Westpac (ASX: WBC)

  • August 2023: Westpac announces AU$1.8 billion quarterly profit; 10% down from first-half quarterly average
  • September 2023: ASIC sues Westpac over alleged failure on hardship notices; share price dips
  • November 2023: Share price rises on strong earnings, big dividend and AU$1.5 billion share buyback
  • February 2024: Announces AU$1.8 billion quarterly profit
  • March 2024: Share price hits a new 52-week high
  • May 2024: Share price rises as Westpac half-year earnings beat expectations

Macquarie Group (ASX: MQG)

  • September 2023: Shares drop due to concerns over economic headwinds for asset management branch
  • November 2023: Macquarie cuts jobs as tech expenses grow
  • January 2024: Macquarie raises AU$8.72 billion for new European infrastructure fund
  • February 2024: Macquarie profit plummets due to weakness in commodities and global markets business; commodities head to step down
  • May 2024: Share price drops following disappointing FY24 earnings

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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.

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