88 Energy and Airtasker were among the most traded ASX shares last week

88 Energy Ltd (ASX:88E) and Airtasker Ltd (ASX:ART) shares were among the most traded shares on the CommSec platform last week.

| More on:
Diverse group of university students smiling and using laptops

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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.

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.

More on Share Market News

Share Market News

Why Calix, Collins Foods, Myer, and Patriot Battery Metals shares are charging higher

The S&P/ASX 200 Index (ASX: XJO) is back on form and charging higher on Tuesday. In afternoon trade, the benchmark index…

Read more »

Man in yellow hard hat looks through binoculars as man in white hard hat stands behind him and points.

Are Fortescue shares a contrarian buy after falling 20% in a month?

Are investors putting too much weight on the jitters of the market or is the Fortescue fall fair?

Read more »

A young woman wearing a blue and white striped t-shirt blows air from her cheeks and looks up and to the side in a sign of disappointment after the ASX shares she owns went down today
Share Fallers

Why DroneShield, Paladin Energy, Red 5, and Synlait shares are falling

These shares are having a tough time on Tuesday. But why?

Read more »

Man raising both his arms in the air with a piggy bank on his lap, symbolising a record high.
Bank Shares

Nine-year highs: NAB share price glides to highest level since 2015!

The bank has notched up another inflection point today.

Read more »

ANZ ASX 200 banks capital return Group of investors madly grabbing for cash on city street.
Healthcare Shares

ResMed shares rebounding as investors rush to buy the dip

ResMed is rising as ASX investors buy the dip following yesterday's 13% share price dive.

Read more »

A woman screams and holds her hands up in frustration.
Share Market News

Why is short interest in Sayona Mining shares growing?

Why won't short sellers leave this lithium miner alone?

Read more »

A woman in a bright yellow jumper looks happily at her yellow piggy bank representing bank dividends and in particular the CBA dividend
Bank Shares

CBA shares hit another new high! Too late to buy?

At today's new record price, CBA's market capitalisation is just $1 billion short of the ASX 200's most valuable stock,…

Read more »

A group of stockbrokers sit in a room with several computer screens in front of them as they discuss the Zip share price and Zip's merger with Sezzle
Broker Notes

Why these 3 ASX 200 shares just gained significant broker upgrades

The brokers just boosted their outlooks for these ASX 200 shares. But why?

Read more »