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)
For a fifth week in a row, this buy now pay later (BNPL) provider's shares were the most traded on the CommSec platform. Last week Zip's shares were attributable to a sizeable 5.9% of trades, with approximately 56% coming from buyers. However, the sellers will have been the happier group of investors. Last week the Zip share price fell 10% over the five days due to weakness in the tech sector.
Afterpay Ltd (ASX: APT)
Once again, Afterpay was the next most traded share on the platform. It was attributable to 2.8% of trades on CommSec, with the buying and selling evenly split at 51% to 49%, respectively. The Afterpay share price was out of form last week and fell 1.7% during the period due to the aforementioned weakness in the tech sector. This offset news that its European acquisition has now complete.
Flight Centre Travel Group Ltd (ASX: FLT)
Flight Centre shares were heavily traded last week after the government announced stimulus in the tourism sector. This led to the travel agent's shares accounting for 2.5% of trades on CommSec. And although only 48% of trades came from buyers, the Flight Centre share price climbed 8.7% over the five days.
Fortescue Metals Group Limited (ASX: FMG)
This iron ore producer's shares were attributable to 1.7% of trades on the platform last week, with over two-thirds coming from buyers. Investors may have been taking advantage of a pullback in the Fortescue share price to buy shares. Its shares dropped 3.8% last week after iron ore prices softened due to China curbing steel production to combat pollution concerns.
Betashares Nasdaq 100 ETF (ASX: NDQ)
This exchange traded fund (ETF) was popular with investors again last week. NDQ accounted for 1.5% of trades on CommSec over the period. A sizeable 81% of these trades came from buyers. They may have believed that a recent pullback by the Nasdaq 100 was a buying opportunity. The ETF climbed 4.1% during the week.
