Investment platform provider CommSec has just released data on the five most traded ASX shares on its platform from last week.
Once again, the buy now pay later sector was popular with investors and accounted for three of the top five shares.
They were joined by two healthcare shares – one industry giant and one name that many investors will not have come across before.
Here’s the data:
Zip Co Ltd (ASX: Z1P)
For a second week in a row, Zip shares were the most traded on the ASX by CommSec customers. The buy now pay later company’s shares accounted for 3.2% of total trades made on the CommSec platform. Although the buying and selling was relatively even over the period, it didn’t stop the Zip share price from pushing 8.1% higher.
Afterpay Ltd (ASX: APT)
The Afterpay share price was popular with investors again. Its shares accounted for 2.2% of all CommSec trades last week. Approximately 53% of these trades were sell orders, possibly due to concerns over Shopify’s buy now pay later launch. However, despite this, the Afterpay share price was able to carve out a 3.6% gain last week.
CSL Limited (ASX: CSL)
CommSec customers were buying this biotherapeutics company’s shares last week by the boatload. CSL accounted for 2% of all trades by CommSec customers last week, with almost 80% of these trades reported as buy orders. Though, this couldn’t stop the company’s shares from recording a decline of 4% over the period. Investors appear divided on whether its FY 2021 earnings will be impacted materially by lower plasma collections.
Immuron Limited (ASX: IMC)
This biotech company’s shares were on fire last week and more than doubled in value after its study indicated that IMM-124E therapy had neutralising activity against the severe acute respiratory syndrome coronavirus-2. This is the virus that causes COVID-19. Immuron’s shares accounted for 2% of all trades on the CommSec platform.
Openpay Group Ltd (ASX: OPY)
Finally, junior buy now pay later provider Openpay made the list again. It was responsible for 1.7% of total trades on the CommSec platform last week. This was despite there being no news out of the company. However, a week earlier it reported a 98.2% increase in total transaction value to $192.8 million for FY 2020. The Openpay share price recorded a 5.3% gain for the week
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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. and ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.