Imugene and Zip were among the most traded ASX shares last week

Demand was strong for these ASX shares last week…

| More on:
Two women happily smiling and working on their computers in an office

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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:

Imugene Limited (ASX: IMU)

This immuno-oncology focused biopharmaceutical company's shares were the most traded on the CommSec platform last week, accounting for 2.4% of trades. Approximately two-thirds of these trades came from buyers, helping to drive its shares 12% higher over the week. Excitement around its HER-Vaxx cancer immunotherapy appears to be behind this. And while there was some insider buying (through the exercising of options) from its CEO and Chairman, the majority of this was funded by the sale of shares.

Zip Co Ltd (ASX: Z1P)

This buy now pay later provider's shares were heavily traded again last week. They were attributable to 2.1% of trades on the platform, with just over half of the volume coming from the buy side. This led to the Zip share price rising 2.2% over the five days. Investors were buying Zip's shares following news that it is expanding into Europe and the Middle East. Ltd (ASX: KGN)

This ecommerce company's shares accounted for 1.4% of trades on CommSec last week. And although there were marginally more sellers than buyers, it couldn't stop the Kogan share price from jumping 17% over the week. This appears to have been driven by bargain hunters swooping in following a sizeable decline a week earlier.

Commonwealth Bank of Australia (ASX: CBA)

This banking giant's shares were heavily traded last week. The shares of Australia's largest bank were attributable to 1.4% of trades on the platform, with buyers accounting for only 26% of the volume. Unfortunately for the sellers, the Commonwealth Bank share price rose 2.5% during the week and even broke through the $100 mark for the first time.

Fortescue Metals Group Limited (ASX: FMG)

Despite a pullback in iron ore prices, CommSec investors were buying this mining giant's shares last week. Fortescue's shares accounted for 1.3% of trades on the platform, with 62% coming from the buy side. Unfortunately for them, the weakness in iron ore prices led to the Fortescue share price losing 1% of its value during the five days.

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 ltd and ZIPCOLTD FPO. The Motley Fool Australia has recommended 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

A man clenches his fists in excitement as gold coins fall from the sky.
Broker Notes

These ASX 300 shares could rise 35% to 65%

Analysts are tipping these shares to rise strongly from current levels. How high could they go?

Read more »

a man in a high visibility vest and hard hat holds a thumbs up at a mine site with heavy equipment in the background.
Broker Notes

What are brokers saying about BHP shares following the miner's quarterly results?

Analysts have crunched the numbers.

Read more »

A young girls clings in fright to a big red slide.
Share Market News

Here are the top 10 ASX 200 shares today

Investors were hitting the sell button hard today...

Read more »

A man in his 30s holds his laptop and operates it with his other hand as he has a look of pleasant surprise on his face as though he is learning something new or finding hidden value in something on the screen.
Share Fallers

ASX 200 insider buys up another $2,000,000 in company stock following Wednesday's 15% crash

This director took Buffett's advice to heart this week.

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

Two happy excited friends in euphoria mood after winning in a bet with a smartphone in hand.
Share Gainers

Why Appen, Mayne Pharma, Playside, and PYC shares are storming higher

These shares are ending the week on a positive note. But why?

Read more »

Man on a laptop thinking.
Broker Notes

Why did Goldman Sachs just downgrade Wesfarmers shares?

The ASX 200 conglomerate has had a ripper run of share price growth. So why is Goldman Sachs downgrading it?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why AIC Mines, Fletcher Building, Nufarm, and Wesfarmers shares are dropping

These shares are having a tough finish to the week. But why?

Read more »