Top trades by Australian Sharesight users — November 2024
Welcome to the November 2024 edition of Sharesight’s monthly trading snapshot for Australian investors, where we look at the top 20 trades made by Australian Sharesight users. Below we will look at the top trades overall, plus the top trades in individual stocks, which allows us to observe the broader investment trends by Australian Sharesight users, while also giving us an opportunity to zoom into the most popular stocks and the market-moving news behind them.
Top trades in November 2024
Note: To get a closer look at this chart, you can right-click and open the image in a new tab (for desktop) or press-hold and download the image or open it in a web browser (for mobile).
This month, the top trades were strongly led by Vanguard’s Australian Shares (ASX: VAS) ETF, followed by the iShares S&P 500 (ASX: IVV) ETF and Vanguard’s International Shares (ASX: VGS) ETF. It was a strong month for ETF trading overall, with 10 of the top 20 trades belonging to ETFs.
It should be noted that the assets in our trading snapshots are ordered by the number of Sharesight users trading that asset, while the size of the bars indicate the actual trade volume. So while there are more customers trading in VAS, the volume of IVV trades is higher, meaning that while there are fewer people trading in IVV, they are making more trades.
Most-traded stocks in November 2024
Note: To get a closer look at this chart, you can right-click and open the image in a new tab (for desktop) or press-hold and download the image or open it in a web browser (for mobile).
This month’s top-traded stocks were led primarily by buy trades in BHP (ASX: BHP), as Sharesight users took advantage of a dip in the company’s share price. The top trades were followed by Tesla (NASDAQ: TSLA), with users split almost equally between buy and sell trades amid surging share prices.
Let’s look at some of the market-moving news behind some of this month’s top stocks:
BHP (ASX: BHP)
- BHP plans to spend over US$10 billion on Chilean mine expansion
- BHP cleared of criminal charges in 2015 dam collapse
Tesla (NASDAQ: TSLA)
- Tesla CEO’s net worth hits record high as share price soars post-Election
- Share price jumps on news that Trump wants to relax self-driving laws
NVIDIA (NASDAQ: NVDA)
- NVIDIA share price down despite strong quarterly earnings
- Potential upside for NVIDIA stock as Musk plans to spend US$9 billion on AI chips
Mineral Resources (ASX: MIN)
- MinRes boss to resign and pay company almost AU$9 million over tax evasion allegations
- Share price drops 7% on CEO exit
- Share price jumps 16% on AU$1.13 billion asset sale
Woolworths (ASX: WOW)
- Woolworths share price down 20% in 2024
- Woolworths warns of hit to first-half profits as customers switch to cheaper products amid cost of living crisis
- Customers could face bare shelves as 1,500 warehouse workers plan to strike
Paladin Energy (ASX: PDN)
- Paladin market cap plummets by AU$800 million in the wake of production guidance downgrade
- Share price sinks almost 30% as Paladin cuts Uranium output
Gold (ASX: GOLD)
- Gold demand tepid throughout Asia as prices rebound
- Gold price spikes in November as Russia-Ukraine conflict escalates
Track your investment portfolio with Sharesight
Get access to insights like this by tracking your investment portfolio with Sharesight. Built for the needs of investors like you, with Sharesight you can:
- 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, exposure, 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
Every feature Sharesight released in 2024
In case you have missed any of our monthly product updates, here is a list of every new feature and upgrade released by Sharesight in 2024.
Sharesight's top 10 investing blogs of 2024
We look back on your favourite Sharesight blogs, from investing tips to users' favourite brokers, a compilation of the world's best blogs and more.
Sharesight product updates – December 2024
This month's key focus was on improving load time across all pages, as well as a number of enhancements to our exposure report.