Top 20 ASX trades by Sharesight users – May 2024
Welcome to the May 2024 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 led by Vanguard’s Australian Shares Index (ASX: VAS) and MSCI Index International Shares (ASX: VGS) ETFs. In terms of individual stocks, buy trades were led by Woodside Energy (ASX: WDS), which has seen its share price decline by 17% over the past six months. Over the same period, sell trades were led by BHP, with shareholders awaiting the outcome of the miner’s third Anglo American takeover bid.
Top 20 ASX trades May 2024
Let’s look at the news behind some of the key stocks in this month’s snapshot:
Woodside Energy (ASX: WDS)
- Woodside shares stable despite shareholder rejection of climate plan
- Share price has plummeted 17% in six months
- Woodside considering layoffs once flagship oil project begins
Telstra (ASX: TLS)
- Telstra share price falls following announcement of restructure, job cuts
- Share price hits three-year low
- Leading broker projects 27% upside for Telstra
BHP (ASX: BHP)
- Brokers are bullish on BHP following quarterly results
- BHP share price on watch ahead of Anglo American takeover decision
- Plans to divest South African assets as part of Anglo American takeover plan
Woolworths (ASX: WOW)
- Woolworths shareholders receive proceeds from sale of AU$468 million Endeavour stake
- CEO announces worse-than-expected quarterly results
- Woolworths shelf prices drop, offsetting consumer backlash but frustrating shareholders
Sonic Healthcare (ASX: SHL)
- Sonic Healthcare cuts annual profit forecast by over AU$100 million
- Share price drops to four-year low following earnings downgrade
Westpac (ASX: WBC)
- Westpac announces special dividend and supersized share buyback
- Share price rises as Westpac half-year earnings beat expectations
- Leading broker downgrades Westpac to sell rating
ANZ (ASX: ANZ)
- ANZ announces AU$2 billion share buyback despite falling profits
- Share price slides following first-half earnings results
Pilbara Minerals (ASX: PLS)
- Despite lithium sector gains, Pilbara still targeted by short sellers
- Leading broker expects Pilbara share price to fall 35% over the next year
Track your investment portfolio with Sharesight
Get access to Sharesight20 insights like this by tracking your investment portfolio with Sharesight. Built for the needs of investors like you:
- 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
Australian ETF distribution components now available for FY24/25
Sharesight now has updated ETF distribution component information for the FY24/25 Australian tax year for most Australian ETFs.
ASX murder club: Inside reporting season
Marcus Today covers an ASX reporting season where icons like CSL, Woolworths and Domino’s tumbled on missed forecasts and weak outlooks.
Sharesight product updates – September 2025
This month we introduced precious metals support, achieved SOC 2 Type 2 certification, and further enhanced the future income report.