Australia’s leading investment platform provider CommSec has just released data on the five most traded ASX shares on its platform from last week.
There were a number of familiar faces in the list again this week, with buy now pay later (BNPL) and tech shares remaining popular with investors.
Here’s the data:
Brainchip Holdings Ltd (ASX: BRN)
Once again, BrainChip was easily the most traded share on the CommSec platform last week. The artificial intelligence technology company’s shares accounted for 5.9% of trades on the platform, with buyers making up 62% of these trades. Unfortunately for those buyers, the BrainChip share price crashed 33% lower over the five days. Investors appear to have finally started to question its valuation given its little to no revenue.
Zip Co Ltd (ASX: Z1P)
Once again, this BNPL provider was popular with retail investors and accounted for 3.2% of trades on the CommSec platform. The buying and selling was relatively evenly split, with 55% of trades coming from the buy side. Thankfully for those buyers, the Zip share price added 2.8% over the five days. Though, its shares are still down materially month to date.
Commonwealth Bank of Australia (ASX: CBA)
Australia’s largest bank makes the top five after its shares accounted for 1.7% of trades on the platform last week. Retail investors appear to have been taking advantage of recent weakness in the CBA share price to pick up shares. Approximately 78% of trades were from buyers. Unfortunately, this buying pressure couldn’t stop the CBA share price from recording its fifth weekly decline in a row. It fell 1.1% over the period.
Afterpay Ltd (ASX: APT)
This payments company’s shares were popular with retail investors once again. Afterpay accounted for 1.6% of trades on the CommSec platform over the five days. And although there were more sellers (56%) than buyers (44%), that didn’t stop the Afterpay share price from rising 2.6% last week.
BetaShares NASDAQ 100 ETF (ASX: NDQ)
Rounding out the top five is this popular exchange traded fund (ETF). It has now made the list for three consecutive weeks. The BetaShares NASDAQ 100 ETF was responsible for 1.5% of trades on the CommSec platform last week. A whopping 91% of these trades came from buyers. They appear to believe the tech selloff on Wall Street has created a buying opportunity.
These 3 stocks could be the next big movers in 2020
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.
*Returns as of 6/8/2020
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 BETANASDAQ ETF UNITS and ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended BETANASDAQ ETF UNITS. 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.
- 4 outstanding ASX 200 shares to buy with $4,000 – October 31, 2020 4:30pm
- 2 top ASX tech shares to buy after the recent market turmoil – October 31, 2020 2:30pm
- Is the Adore Beauty (ASX:ABY) share price in the buy zone? – October 31, 2020 12:00pm