Australia’s leading investment platform provider CommSec has 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)
This leading travel agent was far and away the most traded share on the CommSec platform last week. It was attributable to 3.3% of trades over the five days, with a massive 74% coming from buyers. Those investors will be pleased to learn that the Flight Centre share price climbed almost 8% over the five days. Investors have been buying the company’s shares due to COVID-19 vaccine optimism.
Mesoblast limited (ASX: MSB)
This biotechnology company’s shares were popular with investors and accounted for 2.2% of trades on CommSec last week, with the buying and selling evenly split. It looks as though the buyers will be the happier group. The Mesoblast share price climbed a further 12% last week, stretching its month to date gain to 35%. A major deal with Novartis has given its shares a big lift.
Webjet Limited (ASX: WEB)
Investors have also been buying Webjet’s shares due to COVID-19 vaccine news and the reopening domestic borders. Its shares accounted for 2.1% of trades on the platform last week, with buyers contributing 76% of them. Those buyers will have been pleased to see the Webjet share price climb almost 8% last week. This took its month to date gain to a whopping 64%.
Zip Co Ltd (ASX: Z1P)
This buy now pay later provider was popular with CommSec investors again. Its shares were responsible for 1.7% of trades on the platform. And although 58% of these trades came from the buy side, it wasn’t enough to stop the Zip share price from falling 2%. This is despite the release of a strong trading update.
Qantas Airways Limited (ASX: QAN)
Qantas shares were in demand last week and contributed 1.6% of trades on the CommSec platform. As with Flight Centre and Webjet, a sizeable portion (71%) of these trades were from buyers. They appear bullish on its prospects now domestic borders are opening and a vaccine (or three) is on the way. The Qantas share price rose almost 5% last week, making it four weekly gains in a row.
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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. 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.
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