1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
Preparing video
Key points:
Surge in trading volume for DroneShield (ASX:DRO), an atypical favourite for investors Pilbara Minerals (ASX:PLS) and Boss Energy (ASX:BOE) drive significant action in the resources sector BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) remain central on high volumes and recent dividend changes Increased trading in Zip Co (ASX:ZIP) and Flight Centre (ASX:FLT) as traders seek short-term opportunities
Gemma Dale from nabtrade observes notable shifts in trading activity across several ASX-listed companies as market sentiment turns negative. Dale reports a surge in volumes for DroneShield (ASX:DRO), highlighting its unusual spike in popularity among investors who are not typically drawn to smaller stocks. She suggests this is more speculative trading rather than long-term holding, driven by unexpected levels of trader engagement.
The resources sector stands out with heightened action, particularly in Pilbara Minerals (ASX:PLS), which Dale regards as one of the most shorted stocks amidst the lithium sector’s volatility. She notes investors often buy on weakness yet are quick to trim positions when the stock rallies, reflecting attempts to capture a turnaround. Boss Energy (ASX:BOE) also garners interest after a production downgrade, with Dale noting enthusiasm for uranium’s potential future and traders viewing significant pullbacks as buying opportunities.
Attention shifts to heavyweights BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO), where Dale points out that volumes are surprisingly high, influenced by iron ore price movements and Rio’s dividend cuts. Outside resources, Dale remarks on heightened trading in Zip Co (ASX:ZIP) and Flight Centre (ASX:FLT), as traders look for short-term profits or exposure during periods of weakness.
