Invest
Aussie investors ride the Santa Rally wave
Investors taking a punt on the Australian share market have had cause for celebration as of late, with the S&P/ASX 200 index climbing 4.5% in November, spurred on by a standout healthcare sector performance.
Aussie investors ride the Santa Rally wave
Investors taking a punt on the Australian share market have had cause for celebration as of late, with the S&P/ASX 200 index climbing 4.5% in November, spurred on by a standout healthcare sector performance.
Notably, Selfwealth, which touts itself as Australia's premier budget-friendly share trading platform, has been at the heart of this uptick.
With the festive surge, colloquially known as the 'Santa Rally', drawing nearer, market confidence seems to be growing, particularly with the Federal Reserve's navigated 'smooth landing' and the Reserve Bank of Australia potentially halting interest rate hikes amidst easing inflation concerns. "Investors are growing increasingly confident of the Fed Reserve’s smooth landing, and that the RBA could be done hiking rates altogether as inflation retreats," said Robert Marfell, Brand and Content Lead at Selfwealth.
The market optimism is reflected in Selfwealth's report, which details the stocks that have captured investors' interest. Neuren Pharmaceuticals (ASX: NEU) emerged as the darling of the Selfwealth community in terms of collective platform holdings value, justified by a staggering 44.6% leap in shares—making it the second-best performer in the ASX 200 for November.
Commonwealth Bank, BHP (ASX:BHP), CSL (ASX:CSL), and Westpac (ASX:WBC) trailed but remained popular among Selfwealth users. Meanwhile, Qantas (ASX: QAN) reclaimed its top 20 status, surging by nearly 8% as investor confidence revived, catapulting it to the 20th spot. Marfell pointed out the positive sentiment surrounding the airline, remarking, “After considerable challenges affected Qantas’ public image, the airline company saw a resurgence of investor confidence following a trading update at its Annual General Meeting. This renewed trust was evident the total of Selfwealth investors holding QAN increased to 6000 November’s end.”
Pilbara Minerals (ASX: PLS) retained its crown as the most traded stock on Selfwealth’s platform for the fifth consecutive month, demonstrating a strong buy-to-sell ratio. Marfell added, "Pilbara has always been a favourite for our investors, and it’s perched at top of the trade-volume leader-board for an impressive five consecutive months. It’s doing so with a solid buy-to-sell ratio, too. 63.6% of all trades were buys in November — high conviction considering many outside the Selfwealth community are shorting or selling off for fear of battered lithium prices."
In the biotechnology sphere, Imugene (ASX: IMU) experienced heightened trade activity following upbeat reports from its cancer treatment trials, with Marfell noting, "The news was favoured by Selfwealth investors, with 64.7% of November's trades attributed to new holders or top-ups."
Lastly, the Vanguard Australian Shares Index ETF (VAS) maintained pole position as the most traded ETF, with other high-performing funds rounding out the top slots, indicative of a bullish sentiment on US shares for the month.
As festive spirits kindle investment enthusiasm, the Selfwealth report paints a picture of an Aussie market brightly lit by the glow of positive returns and investor confidence.
RELATED ARTICLES
Stock market
6K Additive secures A$48 million through initial public offering on the Australian Stock Exchange
6K Additive, a prominent player in the advanced metal powders and alloy additions market, has made a significant stride by successfully completing its Initial Public Offering (IPO) on the Australian ...Read more
Stock market
Institutional investors increase stock allocations to 18-year high amid cautious market shifts
In a recent development, State Street Markets unveiled the findings of its latest State Street Institutional Investor Indicators, revealing intriguing shifts in institutional investor behaviourRead more
Stock market
FOREX.com launches in Australia to empower self-directed traders
StoneX Group Inc. (NASDAQ: SNEX) has announced the Australian launch of FOREX.com, expanding access for self-directed traders to a global suite of Contracts for Difference (CFD) products across ...Read more
Stock market
Westpac and CMC Markets strengthen partnership to enhance online trading services
In a significant move that underscores the evolving landscape of online trading in Australia, CMC Markets Stockbroking has been chosen as the preferred vendor by Westpac Banking Corporation to extend ...Read more
Stock market
Portfolio reviews as an operating discipline: turning volatility into a competitive edge
In a higher-rate, higher-volatility world, portfolio reviews are no longer an annual hygiene task; they’re a core operating rhythm that protects cash flow, unlocks tax alpha, and sharpens risk ...Read more
Stock market
Fee war on the ASX: Global X’s A300 turns up the heat on core Aussie equity ETFs
Global X has lobbed a 0.04% management fee into Australia’s core equity sandbox, launching the Australia 300 ETF (A300) to take on entrenched giants. Read more
Stock market
Challenger IM shakes up the ASX with private credit note and a side of risk
Challenger Investment Management has taken private credit mainstream with an ASX-listed note structure—LiFTs—that secured roughly $100 million in cornerstone commitments within a day of launch. Read more
Stock market
International stocks: Diversifying your portfolio beyond Australia
In an increasingly globalized market, Australian investors have the opportunity to enhance their investment portfolio by incorporating international stocks. Diversifying your investments globally can ...Read more
Stock market
6K Additive secures A$48 million through initial public offering on the Australian Stock Exchange
6K Additive, a prominent player in the advanced metal powders and alloy additions market, has made a significant stride by successfully completing its Initial Public Offering (IPO) on the Australian ...Read more
Stock market
Institutional investors increase stock allocations to 18-year high amid cautious market shifts
In a recent development, State Street Markets unveiled the findings of its latest State Street Institutional Investor Indicators, revealing intriguing shifts in institutional investor behaviourRead more
Stock market
FOREX.com launches in Australia to empower self-directed traders
StoneX Group Inc. (NASDAQ: SNEX) has announced the Australian launch of FOREX.com, expanding access for self-directed traders to a global suite of Contracts for Difference (CFD) products across ...Read more
Stock market
Westpac and CMC Markets strengthen partnership to enhance online trading services
In a significant move that underscores the evolving landscape of online trading in Australia, CMC Markets Stockbroking has been chosen as the preferred vendor by Westpac Banking Corporation to extend ...Read more
Stock market
Portfolio reviews as an operating discipline: turning volatility into a competitive edge
In a higher-rate, higher-volatility world, portfolio reviews are no longer an annual hygiene task; they’re a core operating rhythm that protects cash flow, unlocks tax alpha, and sharpens risk ...Read more
Stock market
Fee war on the ASX: Global X’s A300 turns up the heat on core Aussie equity ETFs
Global X has lobbed a 0.04% management fee into Australia’s core equity sandbox, launching the Australia 300 ETF (A300) to take on entrenched giants. Read more
Stock market
Challenger IM shakes up the ASX with private credit note and a side of risk
Challenger Investment Management has taken private credit mainstream with an ASX-listed note structure—LiFTs—that secured roughly $100 million in cornerstone commitments within a day of launch. Read more
Stock market
International stocks: Diversifying your portfolio beyond Australia
In an increasingly globalized market, Australian investors have the opportunity to enhance their investment portfolio by incorporating international stocks. Diversifying your investments globally can ...Read more
