Most weeks, Commonwealth Bank of Australia's (ASX: CBA) CommSec brokering platform tells us the international shares (which are almost always American) proving popular with its customers.
Because CommSec is one of the largest online brokers in the country, this data can be indicative of general investing trends in our market. This week's data covers 9-13 November.
So here are the top 10 United States shares that CommSec customers were buying last week:
Most traded US shares on the ASX
The five most traded international shares last week were the following:
- Nio Inc (NYSE: NIO) – representing 6.4% of total trades with an 81%/19% buy-to-sell ratio.
- Tesla Inc (NASDAQ: TSLA) – representing 4.7 % of total trades with a 77%/23% buy-to-sell ratio.
- Alibaba Group Holding Ltd (NYSE: BABA) – representing 2.9% of total trades with an 82%/18% buy-to-sell ratio.
- Pfizer Inc (NYSE: PFE) – representing 2.6% of total trades with a 90%/10% buy/sell ratio.
- Apple Inc (NASDAQ: AAPL) – representing 4.2% of total trades with a 57%/43% buy-to-sell ratio.
The next five most traded shares were these:
-
Xpeng Inc (NYSE: XPEV)
-
Zoom Video Communications Inc (NASDAQ: ZM)
-
Microsoft Corporation (NASDAQ: MSFT)
-
Amazon.com Inc (NASDAQ: AMZN)
-
Palantir Technologies Inc (NYSE: PLTR)
What can we learn from these trades?
We noted last week that the bullish patterns we had been used to seeing had been moderating somewhat. I wrote then that "our coverage of the US shares ASX investors were buying from 19-23 October shows none of the top 5 US shares having a buy-sell ratio of less than 80%/20%, yet 4 out of 5 of the top shares this week are below this ratio".
This week, we are continuing to see this trend play out. Only one stock in the top 5 this had a buy/sell ratio at or better than 90%/10%, which was Pfizer.
Interestingly, Pfizer is a company that rarely features on this list. We can probably put its enthusiastic presence this week down to one factor: the company's announcement of a more-successful-than-hoped coronavirus vaccine candidate last week.
Other than that, we see similar trends playing out this week compared to last week. Electric vehicle companies Nio and Tesla continue to compete for that top spot. Last week saw Nio pip Tesla for the first time, and it's notable to see this continue this week. Nio shares are up 65% over the past month though, so it's not hard to guess where this interest is coming from. Investors seem to be cooling on big tech though. Only one FAANG stock makes the top 5 this week (Apple), and frequent 'top 5er' Amazon barely scraped in the top 10.
