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:
88 Energy Ltd (ASX: 88E)
This oil and gas exploration company’s shares were easily the most traded share on the ASX last week. 88 Energy’s shares accounting for 6.1% of trades on Commsec, with 55% of the volume coming from buyers. Those buyers will have been delighted to see the 88 Energy share price surge 135% higher over the four days amid excitement over its Merlin-1 project in northern Alaska. However, it is worth noting that its shares have come crashing back down to Earth this week following a disappointing update.
Zip Co Ltd (ASX: Z1P)
Once again, Zip’s shares were popular with investors last week. The buy now pay later provider’s shares were attributable to 2.1% of trades on the platform, with 52% coming from the buy side. Unfortunately for these buyers, the Zip share price edged lower over the four days. This was its sixth weekly decline in a row.
Red Sky Energy Limited (ASX: ROG)
This oil and gas acquisition and development company is a new entry to the top five. It accounted for 2% of trades on CommSec last week, with buyers making up the majority of the volume. They will have been very pleased to see the Red Sky Energy share price rocket a whopping 250% higher over the period. This strong gain resulted in the ASX giving it a speeding ticket. Management suspects the gains were caused by its 22 March announcement relating to the Killanoola Oil project.
Afterpay Ltd (ASX: APT)
Afterpay’s shares were heavily traded last week. The payments giant’s shares were responsible for 1.7% of trades on the platform. On this occasion, only 44% of these trades were from buyers. Like rival Zip, the Afterpay share price fell slightly over the shortened week.
Airtasker Ltd (ASX: ART)
Airtasker shares were popular with investors again last week. The jobs marketplace provider’s shares were attributable to 1.6% of trades on CommSec, with almost two-thirds coming from buyers. Unfortunately for those buyers, the Airtasker was unable to repeat its heroics from the previous week. The company’s shares lost over 19% of their value during the four days.
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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 AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.