Investment platform provider CommSec has just released data on the five most traded ASX shares on its platform from last week.
Once again, the list includes two of the most popular buy now pay later providers on the ASX. They were joined by two of the big four banks and a beaten down travel company.
Here's the data:
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National Australia Bank Ltd (ASX: NAB)
National Australia Bank shares were popular with investors last week and were the most traded on the CommSec platform. The NAB share price tumbled 4% over the period, possibly due to a broker notes out of Macquarie. Although the broker downgraded NAB to an underperform rating with a $17.50 price target, there were still more buyers than sellers. NAB shares accounted for 2.1% of total trades on the platform, with buyers accounting for 75% of these trades.
Zip Co Ltd (ASX: Z1P)
This buy now pay later provider continues to be popular with CommSec investors. It was responsible for 2% of all trades on the platform during the week. And although the buying and selling was evenly split, the Zip Co share price pushed 4% higher during the week.
Afterpay Ltd (ASX: APT)
Another buy now pay later provider that remains popular with investors is Afterpay. It accounted for 1.7% of total trades on the CommSec platform last week. However, there were more sellers than buyers, with 59% of trades coming from sellers. Despite this, the Afterpay share price rose 3.15% over the period. This stretched its year to date gain to almost 150%.
Westpac Banking Corp (ASX: WBC)
Westpac was among the most traded shares for a second week in a row. The banking giant's shares accounted for 1.6% of trades on the CommSec platform, with 71% of these trades from buyers. Despite this buying pressure, it wasn't enough to stop the Westpac share price from losing 2% over the period. However, these buyers have been rewarded this week, with the big four banks charging higher on Monday and Tuesday.
Flight Centre Travel Group Ltd (ASX: FLT)
This travel agent's shares have entered the top five, contributing 1.5% of total trades on the CommSec platform. With 65% of these trades coming from buyers, it appears as though investors may believe recent share price weakness has been a buying opportunity. This has certainly proven to be the case this week. The Flight Centre share price is up 9% week to date at the time of writing.
