Dronshield emerged as the most actively traded stock on the Australian Securities Exchange (ASX) among retail investors in October, according to data released by Aussex. This happened even as the overall trade volume and price experienced a month-on-month decline. DroneShield specializes in the development of drone detection and countermeasures technology, protecting people, organizations and critical infrastructure from modern threats. The company aims to provide actionable intelligence and effective solutions that protect its customers.
There is an ongoing trend of investors moving away from banking stocks and reallocating capital to other established blue-chip companies, Oseks said. At the same time, interest in more speculative ventures grew, especially those involving rare earths and data centers. After Dronshield, the most popular stocks among retail investors included Commonwealth Bank, BHP, Lynas Rare Earths, Vice Tech, PLS, Macquarie, Arafura Rare Earths, Vanguard Australian Shares Index ETF, and Zipp.
Chris Hill, Ossex national manager of strategic relationships, noted continued investor interest in Droneshield despite recent media coverage. He highlighted the difference in investment strategies, stating that retail investors have increased their buying activity in drone shields, while suggesting that investors showed strong net outflows during November.
Other notable trading activities include Westpac, Fortesco, Woodside, ANZ and Mineral Resources which are the top sellers this month. Sandfire Resources was identified as the most preferred buy among advised investors and advised self-managed super funds (SMSFs).
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