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)
Zip’s shares were the most popular shares among CommSec investors yet again last week. The buy now pay later (BNPL) provider’s shares accounted for 2.5% of trades on the platform, with 64% coming from buyers. Unfortunately, this buying wasn’t enough to stop the Zip share price from losing 9.1% of its value during the five days. Weakness in the tech sector weighed on its shares.
Afterpay Ltd (ASX: APT)
It was a similar story for its BNPL rival Afterpay. It was attributable for 2.1% of trades on the platform, with two-thirds of the volume coming from the buy side. Sadly, this wasn’t enough to stop the Afterpay share price from sinking 18.9% during the period. Valuation concerns appear to be weighing on the company’s shares.
Flight Centre Travel Group Ltd (ASX: FLT)
Flight Centre shares were popular with investors last week. The travel agent’s shares accounted for 2% of volume, with 69% coming from buyers. However, once again, this wasn’t enough to stop the Flight Centre share price from tumbling 7.4% over the five days. News that Flight Centre expects to record a second half loss in line with the one it reported in the first half (~$250 million) was weighing on its shares.
Australia and New Zealand Banking GrpLtd (ASX: ANZ)
This banking giant’s shares were responsible for 1.8% of trades on CommSec last week. And although a massive 82% came from buyers, the ANZ share price still fell 3.4% over the week. Last week ANZ released a very positive half year update. However, it was largely in line with the market’s lofty expectations.
Betashares Nasdaq 100 ETF (ASX: NDQ)
The Betashares Nasdaq 100 ETF was popular with investors and was part of 1.7% of trades on CommSec. The majority of the volume (82%) came from buyers. However, weakness in the tech sector led to the ETF losing 1.9% of its value over the five days.