CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trading

Which ASX stocks are available for trading with Pepperstone?

Pepperstone
Trading Guides
Sep 16, 2022

A little bit about the ASX

The ASX, the Australian Securities Exchange, is the home of Australia’s Financial Markets.  It was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange back in 2006.

ASX has an average daily turnover of A$4.6985 billion and a market cap of A$1.6 trillion with 2,200 listings, making it one of the top 10 exchange groups globally.  

The S&P/ASX 200 Index

The Standard and Poor’s/ASX 200 (XJO) is the main stock index covering around 80% of the Australian market. The short code at Pepperstone AUS200. The ASX index posted a healthy recovery of +73% from the March low of 4402 to the high of 7632 in August 2021. We have since seen a decline of 10% as of 06/09/2022.

Figure 1 TradingView SP/ASX 200 06/09/2022

Largest companies by Market Capitalization

The Big Four companies by Market Capitalization on the S&P/ASX 200 are:

  • BHP Group Limited (BHP) with a market cap of 192.01 billion AUD
  • Commonwealth bank of Australia (CBA) with a market cap of 164.05 billion AUD
  • CSL Limited (CSL) with a market cap of 142.13 billion AUD
  • Rio Tinto Limited (RIO) with a market cap of 134.09 billion AUD

Popular companies traded on the ASX

Core Lithium (CXO)

Developing lithium and diversified metals projects in world class mining provinces.

CXO Weekly Chart

Although the share price saw a healthy pullback in the second quarter of 2022, CXO has rallied over 80% from the June base of 0.82.

Figure 2 TradingView CXO 06/09/2022

Allken Limited (AKE)

Allkem is a global lithium chemicals company helping the world build a brighter tomorrow.

AKE weekly chart

Rallying towards the previous swing high of 14.38 with a recovery of over 50% from the July 2022 low of 98.32.

Figure 3 TradingView AKE 06/09/2022

Liontown Resources (LTR)

Liontown Resources is an emerging Tier 1 Battery Minerals producer.

LTR weekly chart

LTR has seen a substantial recovery of over 100% from the June low of 0.875.

Figure 4 TradingView LTR  06/09/2022

Trading ASX CFDs through Pepperstone

Pepperstone expanded their CFD offering giving their clients opportunity to trade in 200 top companies in Australia.

This gives investors the opportunity of going both long (buying) or short (selling) of popular traded companies like Rio Tinto and ZipMoney.  

The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.