To The Moon

Which AU stock gained the most attention in Tiger community? Let’s look at the Top 10 Most Popular AU Stocks!

Data as of 27th Dec.

1. $FORTESCUE METALS GROUP LTD(FMG.AU)$ , one of the largest iron ore producers globally, witnessed a significant surge in its share price in 2023, reflecting a rise in the iron ore price to US$130.70 per tonne. The company also announced major green project expansions.

2. $Liontown Resources Ltd(LTR.AU)$ ‘s share price was up despite a failed takeover attempt by US company Albemarle, which was complicated by Australian mining tycoon Gina Rinehart’s purchase of almost a fifth of Liontown’s shares.

3. $Zip Co Ltd(ZIP.AU)$ , the Buy Now, Pay Later company, posted 16.1% YoY revenue growth and record transaction volumes and numbers in full-year results. The company’s surge also benefitted from Fed’s pause and rate cut expectation in 2024.

4. $BHP GROUP LTD(BHP.AU)$ , the leading global resources company, closed A$9.6bn ($6.4bn) buyout of copper miner $OZ MINERALS LTD(OZL.AU)$ in May, further expanding the business.

5. Despite the challenging economic environment, $AUST AND NZ BANKING GROUP(ANZ.AU)$, one of Australia’s major banks, continued to perform well in 2023. According to a report by ANZ, customer deposits grew by 8% in 1H 2023 compared with a year ago, outstripping the 6% loan growth.

6. $COMMONWEALTH BANK OF AUSTRAL(CBA.AU)$ , one of the largest banks in Australia, reported good earnings after bank crisis. CBA earnings topped $10 billion in 2023, up 5% on last financial year. The bank’s net interest margins were a key source of growing profits .

7. $Pilbara Minerals Ltd(PLS.AU)$ is focused on the exploration, development, and production of lithium and tantalum resources in Australia. With two processing plants, the Pilgangoora project is now considered strategically important in the global lithium supply chain.

8. $QANTAS AIRWAYS LIMITED(QAN.AU)$ , Australia's largest airline, has been declining since August. The company has faced several headwinds, including rising fuel prices, a slowdown in the global economy, and increased competition from other airlines

9. $Novonix(NVX.AU)$ , lithium-ion batteries material provider, has been declining as net losses has coincided with weakness. But the good new is that its production of high-performance synthetic graphite for use in lithium-ion batteries had met performance targets in Sep.

10. $CORE LITHIUM LTD(CXO.AU)$ experienced a 76% decline in its share price in 2023, making it one of the worst-performing ASX lithium shares. Investors have been selling this lithium miner's shares since it revealed that it is considering suspending production because of weak lithium prices.