Top 20 ASX trades by Sharesight users – March 2023

Welcome to the March 2023 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 Index ETF (ASX: VAS), followed by Betashares’ Australia 200 ETF (ASX: A200). In terms of individual shares, buy and sell trades were led by Pilbara Minerals (ASX: PLS), which saw its share price surge alongside other ASX lithium stocks due to growing investor sentiment in March. It was a mining and banking-heavy month overall, with 10 of the top 20 trades belonging to the mining, mineral resources and banking sectors.

Top 20 ASX trades March 2023

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

Pilbara Minerals (ASX: PLS)

• Pilbara share price surges as lithium investor sentiment soars

• Broker tips 100% return from Pilbara shares

• Chinese investor offloads AU$600 million-worth of Pilbara shares

Woodside Energy (ASX: WDS)

• Woodside seeks shareholder approval for CEO bonus; pay rise for directors

• Share price plunges as Woodside trades ex-dividend

• Woodside CEO sells off almost AU$250,000-worth of shares

Macquarie Group (ASX: MQG)

• Macquarie share price slides; broker tips 24% upside

• Macquarie eyes AU$8.9 billion takeover bid for M&G

• Announces investment in US fibre business Pavlov Media

BHP (ASX: BHP)

• BHP share price falters amid concerns over super-profit tax

• Signs carbon capture pilot agreement with Chinese steelmaker

• BHP attracts dozens of interested buyers for QLD coal mines

Westpac (ASX: WBC)

• Westpac share price down 6% in March

• Westpac CEO says Australian banks remain resilient

• House repossessions near GFC level, says Westpac CEO

Lynas Rare Earths (ASX: LYC)

• Lynas share price plunges 20% in a month

• Secures AU$200 million funding from Japan to increase output

• Partners with KBULG to revegetate Kalgoorlie-Boulder processing plant site

Mineral Resources (ASX: MIN)

• Mineral Resources reveals strong half-year results

• Shares slide following announcement of Norwest takeover bid

• Broker forecasts 21% upside for Mineral Resources

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• Top 20 ASX trades by Sharesight users – February 2023