Investment platform provider CommSec has just released data on the five most traded ASX shares on its platform from last week.
There were a few new entries this week, following their respective results releases, and one very familiar name.
Here's the data:
Mesoblast limited (ASX: MSB)
If you were watching the markets last week, you won't be surprised to learn that Mesoblast shares were the most traded on the CommSec platform over the period. Last week the biotech company's shares crashed around 40% in the space of two days before rebounding over 60% higher to reach a record high. This was due to concerns over a critical meeting with the U.S. FDA, which ultimately turned out very favourable. Incredibly, the buying and selling was so rampant that Mesoblast shares accounted for 6.5% of all trades on the platform last week. Approximately 66% of these trades were buys.
Telstra Corporation Ltd (ASX: TLS)
CommSec investors were busy buying this telco giant's shares last week. Telstra's shares accounted for 2.8% of all trades on the platform, with 90% of these coming from buyers. Despite this, Telstra's shares still lost almost 8% of their value. It appears as though investors were buying the company's shares after they tumbled lower following the release of its full year results.
Commonwealth Bank of Australia (ASX: CBA)
Australia's largest bank was popular with investors and accounted for 2% of trades on the CommSec platform. This followed the release of its full year results during the week. The buying and selling was reasonably even with 55% of trades coming from buyers.
AGL Energy Limited (ASX: AGL)
This energy retailer was among the most traded shares last week, accounting for 1.7% of all trades on the platform. And although the AGL share price lost 9% of its value over the period, the vast majority of these trades were from buyers. A massive 94% of trades came from the buy-side. As with Telstra, they appear to believe its post-results share price weakness is a buying opportunity.
Afterpay Ltd (ASX: APT)
Finally, once again, this payments company was popular with investors. Afterpay shares accounted for 1.5% of trades on the CommSec platform last week. Though, on this occasion, there was far more selling going on than buying. Approximately 68% of these trades came from sellers. However, this didn't stop the Afterpay share price from climbing 7.2% over the week.
