Australia's leading investment platform provider CommSec has released data on the most traded ASX shares on its platform from last week.
Here's the data:
Zip Co Ltd (ASX: Z1P)
This buy now pay later (BNPL) provider's shares were the most traded on the CommSec platform by some distance. Zip shares accounted for 3% of total trades last week. However, just 39% of these came from buyers. Unfortunately for the sellers, the Zip share price recorded a sizeable 19% gain over the five days. A new chair appointment and a strong BNPL update from PayPal helped drive its shares higher.
Betashares Nasdaq 100 ETF (ASX: NDQ)
This exchange traded fund (ETF) was popular with investors and accounted for 1.7% of trades on CommSec. A sizeable 78% of these trades came from buyers. They may have been buying the ETF in response to strong updates from Amazon and Apple.
Silver Mines Limited (ASX: SVL)
This silver-focused mineral exploration company's shares were heavily traded last week, accounting for 1.5% of trades by CommSec investors. Almost two-thirds of these trades came from buyers who appear to have been looking for exposure to the precious metal after Reddit tried to initiate a short squeeze.
Afterpay Ltd (ASX: APT)
Afterpay shares were among the most traded shares again last week. They were responsible for 1.3% of trades on CommSec, with sellers accounting for 60% of these trades. As with rival Zip, these sellers will be disappointed to have missed out on a 12% gain over the five days. This appears to have been driven partly by a bullish broker note out of Bell Potter.
Rent.com.au Ltd (ASX: RNT)
This online rental listings company's shares were very popular with investors last week. Rent.com.au shares were attributable for 1.2% of trades on CommSec, with close to two-thirds coming from the buy side. Investors were fighting to get hold of its shares after renowned tech investor, Bevan Slattery, took part in an institutional placement. The Rent.com.au share price jumped almost 500% last week.
