This morning Australia's leading investment platform provider CommSec released data on the most traded ASX shares on its platform from last week.
Once again, there were a number of familiar faces filling up the top five over the period.
Here's the data:
Flight Centre Travel Group Ltd (ASX: FLT)
Investors were buying and selling this travel agent's shares in large numbers last week after Pfizer announced very positive results from its phase three COVID-19 vaccine trials. This made Flight Centre the most traded share on the CommSec platform and attributable for 2.6% of total trades. Surprisingly, just 54% of trades came from the buy side. Buyers will have been happy to see the Flight Centre share price record a 12% weekly gain last week.
Zip Co Ltd (ASX: Z1P)
This buy now pay later provider was popular with investors again last week. It accounted for 2.2% of trades on the CommSec platform. And although 63% of trades came from buyers, it couldn't stop the Zip Co share price dropping 0.7% over the five days. Investors were selling COVID-winners last week and rotating into beaten down shares.
Afterpay Ltd (ASX: APT)
Fellow buy now pay later provider Afterpay was also popular with investors and accounted for 2.2% of trades on the platform. As with Zip, most of these trades came from buyers. Approximately 61% of trades came from the buy side and helped drive the Afterpay share price 1.3% higher for the week. This was a decent result given the selloff of COVID-winners following the COVID-19 vaccine news.
Webjet Limited (ASX: WEB)
This online travel agent was another travel share that was heavily traded last week due to the vaccine news. It contributed 1.9% of the total trades on the CommSec platform. And although the Webjet share price was on fire and surged 18% higher, the buying and selling was evenly split. Approximately 47% of trades came from buyers and 53% from sellers.
Qantas Airways Limited (ASX: QAN)
This airline operator was the third travel share to make the top five last week. It accounted for 1.7% of trades on CommSec over the period. As with Webjet, the Qantas share price surged materially higher following the COVID-19 vaccine news. However, just 51% of these trades came from the buy side.
