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:
EML Payments Ltd (ASX: EML)
This payments company’s shares were the most traded on CommSec last week, accounting for 2.1% of total trades. And despite the EML share price losing 35% of its value, approximately two-thirds of the volume came from buyers. They may have swooped in after the company’s shares crashed lower amid concerns over Anti-Money Laundering and Counter-Terrorism Financing compliance for its European business.
Zip Co Ltd (ASX: Z1P)
This ever-popular buy now pay later provider’s shares were heavily traded last week and were attributable to 2% of trades on the platform. Just over half of the volume came from the buy side, which helped drive the Zip share price 3.1% higher for the week.
Betashares Nasdaq 100 ETF (ASX: NDQ)
Once gain, the Betashares Nasdaq 100 ETF was popular with investors and attributable to 1.7% of trades on CommSec. A total of 81% of the volume came from buyers, who will have been pleased to see the ETF gain 2.1% over the five days. A rebound in tech stocks helped to drive the famous Nasdaq 100 index higher last week.
Afterpay Ltd (ASX: APT)
This payments company’s shares were responsible for 1.5% of trades on the platform, with just over half coming from buyers. Despite the broadly even split, the Afterpay share price jumped almost 8% last week. A broker upgrade by Macquarie appears to have been the catalyst for this strong gain.
A2 Milk Company Ltd (ASX: A2M)
This infant formula company’s shares finally found favour with investors last week, with 1.5% of trades on CommSec involving the former market darling. Just under two-thirds of the volume was attributable to buyers, which helped to snap the company’s four-week losing streak with a modest gain.