Investors moved from banks into blue chips and speculative names in November as trading activity fell across AUSIEX accounts.
Australia’s wholesale investors continued to shift away from major banks in November, with fresh interest in blue-chip stocks and speculative themes such as rare earths and data centres, according to new AUSIEX trading data.
Both trading volume and value declined month on month, alongside fewer active trading accounts.
Chris Hill, national manager of strategic relationships at AUSIEX, said there had been more buying by retail investors but “strong net outflows’ from advised investors in November.
Hill said the advised segment recorded “strong dollar flows into exchange traded funds (ETFs) and exchanged managed funds; while funds were taken out of equities overall.”
Retail investors’ top buys were Drone Shield, Commonwealth Bank, BHP, Lynas Rare Earths and WiseTech Global, followed by Pilbara Minerals, Macquarie Group, Arafura Rare Earths, the Vanguard Australian Shares Index ETF and ZIP.
Top sells included Westpac Banking, Fortescue, Woodside, ANZ Banking and Mineral Resources.
For advised investors, the top buys were Sandfire Resources, Stockland, Nextdc, Wesfarmers, CSL, Woolworths, Northern Star Resources, Brambles, the Barrow Hanley Global Share Active ETF and Macquarie Group.
Their top sells included Westpac, Commonwealth Bank, Fortescue, Telstra, BHP, National Australia Bank and SunCorp.
Advised SMSFs also favoured Sandfire Resources, Stockland, Woolworths, Nextdc, Wesfarmers, CSL, Northern Star Resources and the Barrow Hanley Global Share Active ETF, while adding the iShares Global Healthcare AUD ETF and the Betashares Australian Hybrids Active ETF.
Their top sells included National Australia Bank, BHP, Westpac, the Vanguard MSCI Index International Shares ETF, Scentre Group, ANZ Bank, Wesfarmers and Commonwealth Bank.
AUSIEX said it accounts for around one-third of Australia’s wholesale trading market, with its analysis based on a large sample of its internal trading data.
