Top 20 ASX trades by Sharesight users – May 2022

Welcome to the May 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 ETF (ASX: VAS), followed by Vanguard’s International Shares ETF (ASX: VGS). In terms of individual stocks, buy trades were led by BHP (ASX: BHP), which will soon officially merge with Woodside Energy (ASX: WDS), formerly known as Woodside Petroleum (ASX: WPL). At the same time, sell trades were led by Pilbara Minerals (ASX: PLS), which saw its share price surge after receiving a manufacturing grant worth AU$20 million.

Top 20 ASX trades May 2022

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

BHP (ASX: BHP)

• BHP approved to merge petroleum assets with Woodside; could gain AU$9.5 billion
• BHP sells 80% interest in BHP Mitsui Coal (press release)
• Plans to more than double investment in Indigenous companies

Macquarie Group (ASX: MQG)

• Macquarie share price drops 8% following FY22 results
• Grows mortgage book by 34%
• Secures new US headquarters in New York

Pilbara Minerals (ASX: PLS)

• Pilbara share price drops despite record lithium auction
• Share price surges following AU$20 million manufacturing grant; lithium price boom
• Signs deal with Trek Metals to sell base metals tenement in the Pilbara

Fortescue Metals (ASX: FMG)

• Fortescue restructures leadership team to help deliver green strategy
• Fortescue could pay traditional owners millions in native title compensation claim
• Share price dives 12% in a week as iron ore continues to fall

Core Lithium (ASX: CXO)

• Core Lithium awards Finniss Lithium Project crushing contract to CSI Mining
• Further resource growth expected at Finniss Project
• Share price surges on Finniss Project progress

Sayona Mining (ASX: SYA)

• Sayona raises AU$190 million to restart NAL operation
• Share price plummets 21% following update on NAL operation
• Sayona shares are up 775% YoY

Westpac (ASX: WBC)

• Westpac plans to sell financial advisory business Advance Asset Management
• Commits to AU$8 billion cost cutting program
• Plans to invest further in fintech businesses and apps to improve digital banking capabilities

ANZ (ASX: ANZ)

• ASIC sues ANZ for overstating credit card balances, leading customers to pay inflated fees
• ANZ cutting back on high risk lending
• Reports surge in half-year net profit

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FURTHER READING

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• How Sharesight calculates your investment performance
• Top 20 ASX trades by Sharesight users – April 2022