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. It provided two of the most traded ASX shares on the CommSec platform over the period.
They were joined by one of the big four banks, a biotech behemoth, and Australia's leading airline.
Here's the data:
Zip Co Ltd (ASX: Z1P)
This buy now pay later provider was the most popular share on the CommSec platform for a third week in a row. Zip Co shares accounted for 1.9% of total trades on the platform over the period, with 62% of these made by buyers. Despite this, it wasn't enough to stop the Zip Co share price from falling 7% last week. Nevertheless, its shares were still up 70% year to date at the end of last week.
CSL Limited (ASX: CSL)
This biotherapeutics company's shares were heavily traded last week. According to the data, approximately 1.8% of trades on the CommSec platform involved CSL shares. Although the CSL share price dropped 2.5% over the period, the vast majority of the action was from buyers. A total of 82% of trades were buy orders, which appears to indicate that investors believe its recent pullback is a buying opportunity.
Afterpay Ltd (ASX: APT)
Afterpay shares remain popular with CommSec customers. The buy now pay later giant's shares accounted for 1.5% of trades on the platform last week. However, the buying and the selling was evenly split, with buyers accounting for 51% of trades. The Afterpay share price fell 2% over the period.
Westpac Banking Corp (ASX: WBC)
Investors were selling off the banks last week, which led to the Westpac share price falling 3.8% over the period. However, it looks as though CommSec customers saw this as an opportunity to pick up shares at a cheaper price. A total of 75% of Westpac trades were buy orders according to the data. Westpac shares accounted for 1.4% of total trades on the platform.
Qantas Airways Limited (ASX: QAN)
Finally, Qantas shares were heavily traded last week after coronavirus cases spiked in Australia. The airline operator's shares accounted for 1.4% of trades on the platform over the five days. And despite a massive 82% of these trades being buy orders, the Qantas share price sank over 11% lower. This could be a sign that some investors believe Qantas shares have been oversold. Alternatively, it could be an example of investors trying to catch a falling knife.
