It's always interesting to see which shares Aussie investors are currently chasing. Yesterday, we looked at the ASX shares that have been popping up on investors' radars. So today, we're going to check out the international shares (which are almost always US shares) Aussies have been loading up on. The data is provided by Commonwealth Bank of Australia's (ASX: CBA) CommSec platform, which covers 14-18 September.
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Most traded international shares on the ASX
The five most traded international shares last week were the following:
- Tesla Inc (NASDAQ: TSLA) — representing 11.3% of total trades with an 83%/17% buy-to-sell ratio.
- Apple Inc. (NASDAQ: AAPL) — representing 7.6% of total trades with an 89%/11% buy-to-sell ratio.
- Microsoft Corporation (NASDAQ: MSFT) — representing 2.7% of total trades with an 81%/19% buy-to-sell ratio.
- Amazon.com, Inc (NASDAQ: AMZN) — representing 2.7% of total trades with an 86%/14% buy-to-sell ratio.
- NVIDIA Corporation (NASDAQ: NVDA) — representing 2% of total trades with an 83%/17% buy-to-sell ratio.
The next five most traded shares were these:
6. Snowflake Inc (NYSE: SNOW)
7. Nio Inc (NYSE: NIO)
8. Nikola Corporation (NASDAQ: NKLA)
9. Facebook, Inc. (NASDAQ: FB)
10. Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)
What can we learn from these trades?
As with prior weeks, a collection of big tech names, together with a basket of what I would describe as 'speculative stocks' make up the lion's share of the most traded international shares for Aussie investors last week.
The FAANG stocks, Tesla and Microsoft maintain their positions at the forefront of ASX investors' attention (as usual), alongside the high-flying tech company NVIDIA, shares in which are up more than 100% in 2020 so far.
However, it's Tesla that continues to dominate the list, with trading volumes almost twice as high as the next company (Apple in this case). Aussie investors still can't seem to get enough of Elon Musk's pride and joy, even though the extraordinary rally in Tesla shares we saw earlier in the year appears to have come off the boil.
Meanwhile, Snowflake had a much talked about initial public offering (IPO) last week, which saw the shares more than double the IPO price of US$120. Thus, it's no real surprise to see it pop up on this list.
It's also interesting to see would-be Tesla rivals Nio and Nikola make the list as well. Notably, Nikola was the only stock that even got close to having an even buy/sell spread, with buys coming in at 52% and sells at 48%. This is understandable, as Nikola shares are down more than 26% over the past month on the back of the company's chair, Trevor Milton, leaving the business in a less-than-glorious fashion.
