ASX 200 mining large-caps BHP Group Ltd (ASX: BHP) and Fortescue Ltd (ASX: FMG) were the two most traded ASX shares among investors using the Selfwealth trading platform last month.
Coming in third was buy now, pay later juggernaut Zip Co Ltd (ASX: ZIP), which is on track to be one of the best performing ASX shares of the year following a near 400% share price gain in the year to date.
Another interesting trend last month was a strong buying conviction for beaten-down supermarket stock, Woolworths Group Ltd (ASX: WOW).
The Woolworths share price has fallen to a four-year low amid industrial action and an ACCC inquiry into the pricing practices of Woollies and other supermarkets, including Coles Group Ltd (ASX: COL).
Selfwealth analysts said:
Despite these headwinds, Selfwealth investors were bullish towards WOW.
Ranking 12th for trade volumes across all ASX names, more than three-quarters of all trades were 'buys' – the highest sentiment across any name in the top 20.
As we have seen on numerous occasions across the Selfwealth community, investors showed strong conviction in a company that has been sold down sharply.
Let's check out the other top 10 most traded ASX shares last month.
These are the top 10 most traded ASX shares in November by volume, incorporating both buying and selling orders.
The percentage of buy orders gives an indication of investors' conviction on each ASX share.
Rank | Top ASX shares by trading volume | Percentage of buy orders |
1 | BHP Group Ltd (ASX: BHP) | 69.6% |
2 | Fortescue Ltd (ASX: FMG) | 59.6% |
3 | Zip Co Ltd (ASX: ZIP) | 64% |
4 | ANZ Group Holdings Ltd (ASX: ANZ) | 49.4% |
5 | Mineral Resources Ltd (ASX: MIN) | 61.7% |
6 | Appen Ltd (ASX: APX) | 49% |
7 | Pilbara Minerals Ltd (ASX: PLS) | 59.2% |
8 | Qantas Airways Limited (ASX: QAN) | 41.3% |
9 | Woodside Energy Group Ltd (ASX: WDS) | 56.3% |
10 | Westpac Banking Corp (ASX: WBC) | 45.8% |
Chip maker NVIDIA Corp (NASDAQ: NVDA) was the most traded US share for a third month.
The Nvidia share price lifted by 4.14% in November.
Selfwealth analysts said:
Chip stocks once again made an impression among the Selfwealth community, with industry leader Nvidia well out in front in terms of trade volumes.
Furthermore, buying sentiment improved by 8.9 percentage points, with more than seven out of every ten trades being 'buys.
Here are the other top 10 most traded US stocks in November among Selfwealth investors.
Rank | Top US stocks by trading volume | Percentage of buy orders |
1 | NVIDIA Corp (NASDAQ: NVDA) | 70.7% |
2 | Tesla Inc (NASDAQ: TSLA) | 51.6% |
3 | MARA Holdings Inc (NASDAQ: MARA) | 54.7% |
4 | MicroStrategy Inc (NASDAQ: MSTR) | 73.8% |
5 | Moderna Inc (NASDAQ: MRNA) | 82.7% |
6 | Alphabet Inc Class c (NASDAQ: GOOG) | 67.1% |
7 | Palantir Technologies Inc (NASDAQ: PLTR) | 65.2% |
8 | Apple Inc (NASDAQ: AAPL) | 52.7% |
9 | Microsoft Corp (NASDAQ: MSFT) | 50.8% |
10 | Advanced Micro Devices, Inc (NASDAQ: AMD) | 69.7% |
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。