Sharesight20 top 20 trades on ASX – March 2021

Welcome to the March 2021 edition of the Sharesight20ASX monthly trading snapshot, where we look at the top 20 trades Sharesight users made on the ASX during the month.

In this Sharesight20ASX snapshot, trades were strongly led by Zip Co (ASX: Z1P), which has seen its share price plummet throughout March after reaching an all-time high in February. This month also saw Airtasker (ASX: ART) make a splash on the ASX, before seeing a 20% drop in its share price. Overall, it was a varied month, with users’ top trades ranging from BNPL stocks and tech ETFs to newly-listed companies.

Sharesight20 top 20 ASX trades March 2021

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

Zip Co (ASX: Z1P)

• Zip shares suffer after CBA announces BNPL offering
• Zip expands global merchant reach by partnering with BigCommerce
• Share price drops as Zip reports mounting losses

CSL (ASX: CSL)

• CSL to boost vaccine production to over a million doses a week
• CSL share price up following AstraZeneca vaccine approval
• Share price drops 12% in 2 weeks following half-year results

Fortescue Metals (ASX: FMG)

• Fortescue declares goal to go carbon neutral by 2030
• 380 jobs impacted by cost blowout on Iron Bridge project
• Fortescue completes AU$1.9b bond offering

Afterpay (ASX: APT)

• Launches Clearpay in European payments market
• Share price hits 3-month low; rising bond yields to blame

Airtasker (ASX: ART)

• Airtasker share price surges 78% on IPO; reaches AU$255m market cap
• Share price drops more than 20% since IPO
• IPO delayed due to ASX error

Nuix (ASX: NXL)

• Nuix share price drops 32% since IPO
• Stock price falters following interim results; revenue down by 4%
• Nuix revenue recognition policy faces scrutiny from investors

Race Oncology (ASX: RAC)

• Launches kidney cancer study with University of Newcastle
• Promising results for preclinical breast cancer study
• Share price drops despite announcement of melanoma study

Flight Centre (ASX: FLT)

• Flight Centre share price grows 40% over 6 months
• Share price still 50% lower than pre-COVID
• Flight Centre CEO says government’s aviation package will do little to help struggling tourism industry

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Disclaimer: The above article is for informational purposes only and does not constitute a product recommendation, or taxation or financial advice and should not be relied upon as such. Always check with your financial adviser or accountant to obtain the correct advice for your situation.

FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• Sharesight20 top 20 trades on ASX – February 2021