This morning Australia's leading investment platform provider CommSec released data on the most traded ASX shares on its platform from last week.
A number of familiar faces have made it into the top five again this week, with one company far and away the most traded share on the platform.
Here's the data:
Mesoblast limited (ASX: MSB)
Mesoblast shares were easily the most traded shares on the CommSec platform last week and accounted for 5.6% of total trades. And while a sizeable 75% of these trades came from buyers, it wasn't enough to stop the Mesoblast share price from losing 35% of its value. An unfavourable decision by the US FDA led to the share price weakness.
A2 Milk Company Ltd (ASX: A2M)
This infant formula company's shares were popular with retail investors last week and were responsible for 2.6% of total trades on the platform. It appears as though investors were taking advantage of an 18.5% decline in the a2 Milk share price following a disappointing trading update to pick up shares. Approximately 83% of these trades came from buyers.
BrainChip Holdings Ltd (ASX: BRN)
This artificial intelligence technology company's shares are in the top five again. BrainChip shares accounted for 2.4% of trades on the CommSec platform last week, with 62% coming from buyers. This buying support couldn't stop the BrainChip share price from losing almost 23% of its value over the five days.
Zip Co Ltd (ASX: Z1P)
Investors were trading this buy now pay later provider's shares in large numbers last week. Approximately 2.2% of trades on the CommSec platform were attributable to Zip's shares. And although the company's shares rose almost 9% during the week, just 38% of these trades came from the buy side.
Flight Centre Travel Group Ltd (ASX: FLT)
Finally, reductions in COVID-19 numbers in Victoria and news that a travel bubble would soon be opening between Australia and New Zealand gave the travel sector a boost last week. This led to Flight Centre shares accounting for 1.8% of trades on the CommSec platform. Buyers accounted for 56% of these trades, helping drive its shares 6% higher for the week.
