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:
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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.
