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)
For a second week in a row, this oil and gas exploration company’s shares were easily the most traded share on the CommSec platform. 88 Energy’s shares accounting for 4.1% of trades, with 56% of the volume coming from buyers. Unfortunately for those buyers, the 88 Energy share price crashed 63% lower last week. This follows a disappointing update on its Merlin-1 project in northern Alaska.
Zip Co Ltd (ASX: Z1P)
Zip’s shares were popular with investors once again last week. The buy now pay later provider’s shares were attributable to 2.5% of trades on the platform, with 59% coming from the buy side. Positively, the Zip share price climbed 7.4% over the week and has continued its ascent this week thanks to a strong Q3 update today.
Red Sky Energy Limited (ASX: ROG)
This oil and gas acquisition and development company remains in the top five after accounting for 2.1% of trades on CommSec. And although almost two-thirds of these trades came from buyers, it couldn’t stop the Red Sky Energy share price falling 14% during the four days. This was despite the company revealing that its operations had exposure to an estimated 6.4m barrels of oil-equivalent.
Betashares Nasdaq 100 ETF (ASX: NDQ)
The Betashares Nasdaq 100 ETF was popular with investors last week. Its units were attributable to 1.9% of trades on the platform, with 68% of trades coming from buyers. A pullback in bond yields appears to have attracted investors to the tech-heavy index. Its units rose almost 4% last week.
Afterpay Ltd (ASX: APT)
As always, Afterpay’s shares were heavily traded last week. The payments giant’s shares were responsible for 1.4% of trades on CommSec. However, despite the Afterpay share price rising 15% over the four trading days, only 44% of trades came from buyers. Its shares took off following a positive update on its Afterpay Day event in the United States.