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

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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

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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

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FURTHER READING

• Subscribe to Sharesight20 trading snapshots
• How Sharesight calculates your investment performance
• Top trades by Australian Sharesight users — October 2024