a2 Milk and Zip were among the most traded ASX shares last week

A2 Milk Company Ltd (ASX:A2M) and Zip Co Ltd (ASX:Z1P) shares were among the most traded shares on the CommSec platform last week.

| More on:
A rockstar stands bathed in the spotlight and camera flashes from photographers, indicating a the most popular and successful share on the market

Image source: Getty Images

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)

Once again, Zip’s shares were the most popular shares among CommSec investors last week. The buy now pay later provider’s shares accounted for 2.2% of trades on the platform, with 63% of the volume coming from buyers. Despite this, the Zip share price tumbled a disappointing 9.4% over the five days.

Kogan.com Ltd (ASX: KGN)

Kogan shares were popular with investors last week and were attributable to 1.8% of trades on the platform. Approximately 72% of these trades came from the buy side, helping to drive the Kogan share price almost 4% higher over the week. Investors were buying the ecommerce company’s shares after the ASX forced it to provide more clarity on its third quarter update.

A2 Milk Company Ltd (ASX: A2M)

This embattled infant formula company’s shares accounted for 1.5% of trades last week, with almost two thirds coming from buyers. Despite this, the a2 Milk share price hit a multi-year low during the week. A broker note suggesting that the company will fall short of its downgraded guidance in FY 2021 appeared to weigh on its shares.

Betashares Nasdaq 100 ETF (ASX: NDQ)

The Betashares Nasdaq 100 ETF was popular with investors yet again. Its units accounted for 1.5% of trades on the platform, with 82% of the volume attributable to buyers. Last week a number of tech giants released their latest updates, which went down well with the market.

Fortescue Metals Group Limited (ASX: FMG)

Fortescue makes the top five after accounting for 1.2% of trades on CommSec, with buyers making up 56% of the volume. Last week the iron ore giant released its third quarter update and revealed that it is on course to achieve its shipments guidance. It also revealed a sharp rise in the price it is commanding for its iron ore. This led to the Fortescue share price rising over 4% during the week.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

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 BETANASDAQ ETF UNITS, Kogan.com ltd, and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended A2 Milk. The Motley Fool Australia has recommended BETANASDAQ ETF UNITS and Kogan.com ltd. 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