Gemma Dale is Director of SMSF and Investor Behaviour at nabtrade.
While cash levels remain at close to record highs, any fall in popular stocks can bring out the bargain hunters.
Investors are taking profits and rebalancing their portfolios prior to 30 June, and are finding few bargains to tempt their wallets.
While strong GDP numbers and economic strength have pushed the ASX to record highs, good news doesn’t necessarily lead to active trading.
Investors and traders continue to look to stocks hit by bad news for opportunities including Kogan and A2 Milk, while iron ore miners remain among the most traded stocks.
Fortescue, EML Payments and Appen are among the most traded stocks of the week, while many investors have turned to three ETFs in particular.
Fortescue and CSL have been strong buys for investors this week, while Afterpay, BHP and Rio have been sold off.
Half yearly updates from Westpac, ANZ and NAB have provided trading opportunities as well as a guide to the health of the broader economy.
Investors have been taking profits in banks, while energy stocks have been hugely popular as global oil prices surge.
Fortescue, BHP and Lynas are among the most traded stocks locally, while Tesla, Microsoft and Palantir dominate international trades.
Zip, Afterpay, South32 and Whitehaven are among the most traded stocks of the week.
Investors have taken advantage of recent market strength to take profits and sell down overweight positions in companies such as Westpac and Fortescue.
Fortescue has topped the list of most traded stocks this week, while Airtasker has attracted significant interest since listing last week.