Top ten stocks: now vs a year ago
Most market commentators – and investors – are understandably forward looking; we all know that historical performance is not necessarily a guide to future returns. Yet our collective wisdom creates the market for shares, and it is often telling to see how that wisdom is evolving. With that in mind, we’ve looked at which shares were most popular a year ago, and how that group has changed.
Top 10 stocks: now
National Australia Bank (NAB:ASX) |
Afterpay Touch Group (APT:ASX) |
Fortescue Metals Group (FMG:ASX) |
Bhp Group Limited (BHP:ASX) |
Telstra Corporation (TLS:ASX) |
Commonwealth Bank of Australia (CBA:ASX) |
Westpac Banking Corporation (WBC:ASX) |
Isignthis (ISX:ASX) |
The A2 Milk Company (A2M:ASX) |
AMP Limited (APX:ASX) |
This table reflects the top 10 stocks from 1 July to 30 Sept 2019
Top 10 stocks: a year ago
National Australia Bank (NAB:ASX) |
Afterpay Touch Group (APT:ASX) |
Telstra Corporation (TLS:ASX) |
Commonwealth Bank Of Australia (CBA:ASX) |
BHP Group (BHP:ASX) |
Westpac Banking Corporation (WBC:ASX) |
The A2 Milk Company (A2M:ASX) |
Bellamy's Australia (BAL:ASX) |
Fortescue Metals Group (FMG:ASX) |
Appen (APX:ASX) |
This table reflects the top 10 stocks from 1 July to 30 Sept 2018
The December quarter last year marked a return to volatility after an extended period of strong gains on the ASX; markets around the world entered a technical correction and there were concerns that the tailwinds of loose monetary policy post GFC would fade. In the September quarter, however, nabtrade investors were fallen below $3, before rallying again through August and September. Investors sought growth in Afterpay, A2 Milk, and Bellamys.
Twelve months later, the top ten stocks have changed only a little. The ASX200 has returned nearly 17% year to date. nabtrade investors are still trading nab and Afterpay remains a darling, while Fortescue and BHP have surged in popularity due to the soaring iron ore price. Little known tech story iSignThis has rocketed into the top 10, while A2 Milk remains a favourite. Further down the list, Appen, buy now pay later play ZipCo and Speedcast vie for investors’ attention with long-held winners including CSL and Macquarie.
With financials under continuing pressure and falling dividends in some much held yield stocks, it will be interesting to note how portfolio allocations continue to evolve over the coming twelve months.