This morning Australia’s leading investment platform provider CommSec released data on the most traded ASX shares on its platform from last week.
Looking at the data, I think it is fair to say that speculative stocks were in demand with investors (or more likely, traders) last week.
Here’s the data:
Douugh Ltd (ASX: DOU)
For a second week in a row, this neobank was the most traded share on the CommSec platform. Douugh’s shares accounted for 3.5% of trades during the five days, with buyers behind 58% of them. Unfortunately, for those buyers, the Douugh share price was out of form and tumbled 16% lower over the week. Though, it is worth noting that it was a very strong performer a week earlier.
Zip Co Ltd (ASX: Z1P)
Zip shares were popular with investors again last week. They contributed a total of 3.1% of trades on the CommSec platform, with approximately 72% of trades coming from buyers. The announcement of the launch of the Tap & Zip product appears to have caught the eye of investors. Unfortunately, this was offset by news that Westpac Banking Corp (ASX: WBC) would be selling off its stake in Zip. The Zip share price lost 4% of its value last week.
Ioupay Ltd (ASX: IOU)
Speculators were fighting to get hold of this fintech company’s shares last week. This led to them accounting for 2.7% of trades on the CommSec platform. Over the five days, the Ioupay share price rocketed 70% higher on no news. Approximately 59% of trades were from buyers.
BrainChip Holdings Ltd (ASX: BRN)
This artificial intelligence services company was back in the top five last week, accounting for a total of 1.8% of trades on the platform. Although almost two-thirds of these trades were from the buy-side, it couldn’t stop its shares falling 1.3% over the five days. Last week BrainChip released a reasonably underwhelming quarterly update.
Emerge Gaming Ltd (ASX: EM1)
This eSports company’s shares were popular with investors last week after the release of an update on pre-registrations for its MIGGSTER mobile platform. That update revealed that total pre-registrations have now reached 3 million. This news sent the Emerge Gaming share price hurtling 150% higher for the week. Buyers accounted for 61% of trades.
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James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. 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.