TradingPlaces

Final Week Summary

This week’s most traded stock was Resolute Mining (RSG), which ended the week 1.2% higher following an announced leadership change. The new COO and CEO both have ample operational, financial and technical experience, foreshadowing stronger future business performance. EML Payments finished this week in second, with a traded volume of 69,479 shares. This came as its share price jumped 16% following a significant oversell in response to its European payment license, and Macquarie Bank’s maintained ‘outperform’ rating. Galaxy Resources (GXY) traded volume of 18,934 placed it in third this week. Galaxy and Orocobre’s announced merger presents a real opportunity for an enormous “pure lithium producer with a diversified and low carbon, growing production base” (JP Morgan).

Z1P again tops the charts as the most held stock, with 571,603 shares held. This week, Z1P announced planned expansion into Europe and the Middle East through the $161 million acquisition of two BNPL companies. GXY’s JP Morgan support and exciting combined Lithium projects with ORE have continued to support its strong ‘held’ proportion, as it finishes this week in second. Finally, Qantas comes in at third, with 285,827 shares held. Strong rebounds in domestic travel demand and high performance of its logistical division has supported healthy company recovery. Further, net debt is expected to contract $400m by June 2021.

Final Leader board

Congratulations to jordanblinkhorn for finishing first with a total equity of A$226,998. A big congratulations to everyone else on the leader board for generating strong returns throughout the 6-week period.

A large thank you to everyone who participated in the Trading Places competition this year. We hope you all thoroughly enjoyed the experience and we hope to see you all participate again next year!

**Week 5 Update**

Carnarvon Petroleum (CVN) topped this week as the most traded stock, in volume. CVN announced the establishment of their Shearwater Geo Coral Vessel and the acquisition of Archer 3D to support drilling efforts. Perenti Global (PRN) shares dropped 28.72% following a downgrade on its expected revenue and earnings for FY21 and FY22 following external macroeconomic factors. Piedmont Lithium (PLLDA) rounds off the top 3 traded stocks. The company upgraded its mineral resource estimate by 40% and has announced a 20% acquisition stake in a key Lithium mining corporation in Canada.

Zip Co (Z1P) still remains the top held stock, with 573,371 shares. Despite a relatively poor week, the broader market consensus is that BNPL shares hold large growth potential, particularly in the stimulus rich US consumer markets. Similar to Z1P, Galaxy Resources (GXY) holds its position as the second most held stock despite a 10% 7 day fall, due to an optimistic growth outlook for Lithium related equities. A2 Milk (A*M) hangs onto the third most held stock. Despite a disastrous last 6 months, Goldman Sachs and Morgans have issued a price target at a 25% premium to current trading levels.

** Week 4 Update **

BPT led this week as the most traded stock, with a volume of 171,050. This comes as a BPT non-executive director purchased AU$256k of equity in the company, signalling strong optimism to investors. We saw strong commodity performance as iron ore bursted past US$200/tonne, whilst gold rose above $1800/ounce.

This week’s most held stock was Z1P, remaining unchanged from last week. Investors may be ‘buying the dip’, expecting a strong bounce back after Zip cofounders offloaded 2 million shares each, and Bank of America slowed down its purchasing program in the company.

** Week 3 Update **

Z1P remains the top held stock for the second week running, primarily driven by its Adobe Accelerate partnership announced this week which is set to provide Zip’s BNPL platform access to users of Adobe and related subsidiaries such as e-commerce platform, Magneto. Tech retailer Kogan (KGN) also experienced a 21.5% increase in number of shares held after clarifying ‘vague’ financial information released earlier in the week, reporting a 64% jump in brand exclusive revenue for the March quarter.

Beach Energy (BPT) led this week as the most traded stock. This has come as equity prices dropped 20% in response to a downgrade in the company’s full year production forecast, reducing expected output by 2.3 million barrels of oil. Further, Mesoblast’s (MSB) announced agreement with Novartis to produce a highly effective COVID-19 respiratory syndrome treatment saw it become the second most traded stock, with a volume of 77,220.

**Week 2 Update**

The top 10 most held equities remained largely unchanged this week. The most significant mover was QAN, with the amount of shares held increasing by 21.6%, moving them up to 7th. The trend reflects bullish investor sentiment with airfares at record lows and reports that Qantas will be close to 90% pre-pandemic domestic capacity by June 30.

Brainchip Holdings (BRN) was this week’s most traded stock with 182,000 stocks being traded. The stock has been trending since it was announced that high volume manufacturing of its neuromorphic processor chip Akida had commenced on April 14.

Tech retailers Kogan (KGN), Redbubble (RBL), and JB Hi-Fi (JBH) were also among the most traded this week, albeit a challenging Friday for Kogan after the retailer announced slow sales in the March quarter.

*Week 1 Update*

Buy Now Pay Later stocks led the way this week, with Z1P and APT topping the charts for the most held equities, totalling 4.9 million and 3.9 million in value respectively. Another popular pick amongst participants was XRO (Xero) on the back of positive acquisition news and a $153.00 price target set by Goldman Sachs.

Mayne Pharma (MYX) topped the table as this week's most traded stock as the US FDA approved their new drug application for an oral contraceptive, ready to be launched by June 2021. Mining also experienced elevated trading volumes this week. WHC announced logistical challenges and RSG released positive news on its Bibiani Gold Mine in Ghana.

**Bug Bounty**

We are constantly looking to improve our platform and user experience.

If you spot any issues, please email:
[email protected]

To our discretion, we will be rewarding the first students who identify any major issues $20-$50 gift cards (subject to our terms and agreement below).

The Trading Places competition has begun and will be running for 6 weeks.

We will be making weekly updates on our Facebook and Latest News page.

Registrations will close on Friday at 5pm.

Best of luck to all students

The practice round has now ended!

The official competition will begin next Monday (12th April) and registration for this year's game will close on Friday (16th April) at 5pm.

Students can begin to place orders this Friday (9th April) after 5pm if they wish, and trades will be executed next Monday when the market opens around 10am.

Good luck to all students!

⏰ Trading Places is running an online student competition sponsored by BlueLake Partners. The 6-week contest gives students $200,000 in virtual cash to trade in ASX simulated conditions. With a $3,500 prize pool🏆 and the chance of an internship at a hedge fund, this is a great opportunity for students interested in a career in financial markets📈.
The competition runs from 12th April to 21st May 2021. Reminder to register and find out more information now through the links provided:
http://www.tradingplaces.com.au/
Trading Places University Share Market Competition
https://www.facebook.com/events/416001469494959/

💻Another practice round will be held from the 6th April to 8th April to get participants familiar with all the competition functions. Keep an eye out for this practice round!

**INTERNSHIP OPPORTUNITY**

Top performers in the competition will be contacted by Bluelake Partners following the conclusion of the trading game.

Paid internships may be offered and will be screened through an interview and the trade ideas executed during the competition.

The one-month internship will be based in Sydney, with flexible start and end dates.

Travel costs will be partially covered for interns travelling from outside of Sydney.

Practice week of trading begins in TWO days!

For a better understanding of LIMIT orders vs. MARKET orders, see the explanation video below.

What is the difference between a limit and market order? Market orderThink of a market order as paying the market price when buying or really selling a stock, meaning you would pay whatever price is necessary to ge...