Australia's leading investment platform provider CommSec has just released data on the five most traded ASX shares on its platform from last week.
Once again, there were a number of familiar names in the list this week, which were joined by a surprise addition.
Here's the data:
Zip Co Ltd (ASX: Z1P)
This buy now pay later provider was incredibly popular with ASX investors last week. Zip shares accounted for a staggering 9.9% of total trades made on the CommSec platform, with approximately two-thirds of these trades coming from buyers. Investor were buying the company's shares following a series of positive announcements. These include a big improvement in the performance of its QuadPay business, a partnership with eBay, and the release of its full year results. These buyers certainly did well. The Zip share price hurtled 35% higher over the period.
Afterpay Ltd (ASX: APT)
Afterpay shares were popular with investors once again last week. The payments company's shares accounted for 2.7% of trades on the CommSec platform. And like rival Zip, the majority of these trades came from buyers. Approximately 68% of trades were from the buy side, which helped drive the Afterpay share price 12% higher over the period. The announcement of its European expansion was the key catalyst for this gain.
Brainchip Holdings Ltd (ASX: BRN)
The surprise entry to this week's list is Brainchip. The provider of ultra-low power high performance artificial intelligence technology accounted for 1.6% of trades on the platform last week. This was driven predominantly by buyers, who contributed 72% of these trades. Over the week the Brainchip share price added almost 17%, bringing its year to date gain to a massive 580%. Excitement around its Akida technology is behind this strong form.
Telstra Corporation Ltd (ASX: TLS)
This telco giant accounted for 1.5% of trades on the CommSec platform last week. With 85% of these trades coming from buyers, it appears as though investors believe recent share price weakness is a buying opportunity. However, despite the support from the buy side, it wasn't enough to stop the Telstra share price from falling 5% over the period.
Openpay Group Ltd (ASX: OPY)
This junior buy now pay later provider is back in the top five. Last week Openpay shares accounted for 1.4% of trades on the CommSec platform. This appears to have been driven by increased investor interest in the industry and optimism ahead of its results release on Monday. And although the buying and selling was relatively even, this didn't stop the Openpay share price rising 25%.
