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Mega ASX 200 iron ore shares BHP Group Ltd (ASX: BHP) and Fortescue Ltd (ASX: FMG) were the top two most traded ASX stocks last month among investors using the SelfWealth trading platform.
Let’s review the top 10.
Top 10 most traded ASX shares in June
Here are the top 10 most traded ASX shares in June by volume (thus incorporating both buy and sell orders), according to Selfwealth Ltd (ASX: SWF).
We have also included the percentage of buy orders next to each ASX share.
| Rank | Top ASX shares by trading volume | Percentage of buy orders |
| 1 | BHP Group Ltd (ASX: BHP) | 66.5% |
| 2 | Fortescue Ltd (ASX: FMG) | 67.8% |
| 3 | Pilbara Minerals Ltd (ASX: PLS) | 62% |
| 4 | DroneShield Ltd (ASX: DRO) | 57.8% |
| 5 | Woodside Energy Group Ltd (ASX: WDS) | 53.5% |
| 6 | Mineral Resources Ltd (ASX: MIN) | 63% |
| 7 | ANZ Group Holdings Ltd (ASX: ANZ) | 47.2% |
| 8 | Summit Minerals Ltd (ASX: SUM) | 52.4% |
| 9 | Rio Tinto Ltd (ASX: RIO) | 58.8% |
| 10 | Dimerix Ltd (ASX: DXB) | 59.6% |
Which ASX shares attracted the most buyer interest?
As you can see, ASX 200 mining giant Fortescue received the most buy orders among the top 10 shares.
The Fortescue share price tumbled 13.46% during the month of June. Perhaps investors saw greater value in the stock as the price declined.
Fortescue shares are now trading on a price-to-earnings (P/E) ratio of 7.92x. The Fortescue share price closed on Friday at a nine-month low of $22.10.
Top broker Goldman Sachs has a sell rating on Fortescue with a 12-month share price target of $16.20. But Michael Gable from Fairmont Equities says Fortescue shares are a buy.
BHP shares had the second strongest buying activity during the month.
The BHP share price closed on Friday at $43.40. Goldman has a buy rating on BHP with a 12-month price target of $48.40.
The iron ore price has been falling, and one major bank forecasts that the commodity will weaken further over the next year or so.
On Friday, the S&P/ASX 200 Index (ASX: XJO) closed at 7,959.3 points. It reached a new record high during intraday trading at 7,969.1. This was driven by news out of the US that inflation is easing.
The S&P/ASX All Ordinaries Index (ASX: XAO) closed at 8,206.1 points. The All Ords also set a new record high during intraday trading at 8,212.6 points.
Top 10 most traded US stocks in June
Here are the top 10 most traded US stocks in June among SelfWealth traders.
As shown, the quintessential artificial intelligence stock NVIDIA had the highest percentage of buy orders among the top 10 US shares.