Top 20 ASX trades by Sharesight users – April 2022

Welcome to the April 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 led by Vanguard’s International Shares ETF (ASX: VGS), followed by Vanguard’s Australian Shares (ASX: VAS) ETF. In terms of individual stocks, buy trades were led by BHP (ASX: BHP), which saw its Chilean operations suffer due to protests over environmental damage allegations. At the same time, sell trades were led by Lake Resources (ASX: LKE), which saw its share price skyrocket throughout April. It was a mining-heavy month overall (including a strong emphasis on lithium stocks), with 12 of the top 20 ASX trades belonging to the mining sector.

Top 20 ASX trades April 2022

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

BHP (ASX: BHP)

• BHP sued over alleged environmental damage caused by Chilean mine

• BHP cuts copper outlook due to Chilean protests

• Releases operational review citing skills shortages and labour market tightness in Australia and Chile

Core Lithium (ASX: CXO)

• Core Lithium preparing to build new dense media separation plant

• Up 427% YoY, Core Lithium share price continues to surge

• Encouraging assay results for Finniss Lithium Project near Darwin

Lake Resources (ASX: LKE)

• Lake Resources secures lithium supply deal with Ford

• Share price surges as lithium prices ease

• Share price skyrockets 56% in a month

Pilbara Minerals (ASX: PLS)

• Share price rises following update on lithium chemicals conversion facility

• Broker tips 41% upside for Pilbara share price

• Share price drops 5% following quarterly guidance update

Allkem (ASX: AKE)

• Final approvals granted for Solaroz lithium brine project

• Allkem shares hit record high after Solaroz and Sal de Vida updates

• Analysts bullish on Allkem shares due to growth pipeline; extended rally in spot commodity markets

Woodside Petroleum (ASX: WPL)

• Woodside lags behind European competitors in green ratings

• Woodside confident in Chinese gas demand despite COVID lockdowns

• Applies for US listing prior to AU$63 billion merger vote

Wesfarmers (ASX: WES)

• Wesfarmers announces new health unit CFO

• Share price down in April as consumer sentiment declines

• Wesfarmers sells AU$500 million Coles stake

Lynas Rare Earths (ASX: LYC)

• Construction begins on Lynas’ rare earths processing facility in Kalgoorlie

• Lynas posts record revenue due to strong rare earths demand

• Lynas share price has surged 50% in 6 months

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 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

• Subscribe to Sharesight20 trading snapshots

• How Sharesight calculates your investment performance

• Top 20 ASX trades by Sharesight users – March 2022