Australia’s leading investment platform provider CommSec has released data on the most traded ASX shares by volume on its platform from last week.
Here’s the data:
Zip Co Ltd (ASX: Z1P)
Zip’s shares were the most traded shares among CommSec investors last week for the second week in a row. The buy now pay later provider’s shares accounted for 2.2% of trades over the five days. Approximately 58% of these trades came from buyers, who will have been disappointed to see the Zip share price sink 5% during the week. This may have been due to profit taking after a strong gain a week earlier following its third quarter update.
Province Resources Ltd (ASX: PRL)
This green hydrogen focused company’s shares weren’t far behind, accounting for 1.9% of trades on CommSec. From these trades, almost two-thirds came from the buy side. Investors were fighting to get hold of its shares after it announced plans for a major green hydrogen project in Western Australia. The Province Resources share price jumped 41% last week.
Kogan.com Ltd (ASX: KGN)
Kogan shares were popular with investors last week. They were attributable to 1.9% of trades on CommSec, with buyers accounting for a massive 83% of them. Investors may have been snapping up the company’s shares after its third quarter update sent its shares crashing lower. The Kogan share price lost 20% of its value last week.
Lynas Rare Earths Ltd (ASX: LYC)
This rare earths producer’s shares make the top five after accounting for 1.6% of trades. The buying was strong with this one as well, with 77% of trades coming from the buy side. Despite this, the Lynas share price sank 11% last week following the release of its quarterly update.
Betashares Nasdaq 100 ETF (ASX: NDQ)
The Betashares Nasdaq 100 ETF makes the top five again after accounting for 1.5% of trades on the platform. As always, the majority (82%) of its volume came from buyers. This appears to be due to the Betashares Nasdaq 100 ETF being the ETF of choice for many new investors thanks to its exposure to giants such as Amazon, Apple, Facebook, and Tesla.