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)
This buy now pay later (BNPL) provider was far and away the most traded ASX share on CommSec last week. Zip’s shares were attributable to 5.2% of trades on the platform, with 69% of the volume coming from the buy side. This couldn’t stop the Zip share price from tumbling 14.5% over the period, though. News that Apple was looking to launch a BNPL offering weighed heavily on its shares.
Betashares Nasdaq 100 ETF (ASX: NDQ)
This ETF was the next most popular ASX share, contributing 2% of total trades on CommSec. This was driven largely by buyers, with 91% of the volume coming from buy orders. This led to the ETF rising by a modest 0.4% over the period. This means the Betashares Nasdaq 100 ETF share price is now up 14% for the year.
Afterpay Ltd (ASX: APT)
Afterpay shares were heavily traded last week and responsible for 1.8% of trades on the platform. And while the buying and selling was broadly even, the sellers will have been the happier group. The aforementioned news about Apple potentially launching a BNPL product led to the Afterpay share price falling 12.2% last week.
BetaShares Global Sustainability Leaders ETF (ASX: ETHI)
This ethical ETF was popular with investors again last week. It was attributable to 1.8% of trades on CommSec, with buyers accounting for 93% of the volume. The ETF recorded another modest weekly gain, taking its shares up 12% year to date. The popularity of ethical investing is supporting inflows into this ETF.
A2 Milk Company Ltd (ASX: A2M)
This infant formula company’s shares were among the most traded again last week. A2 Milk’s shares were attributable to 1.7% of trades on CommSec, with over two-thirds of the volume coming from buyers. However, that wasn’t enough to stop the A2 Milk share price from falling 2.6% over the five days. Concerns over weakness in the daigou channel and the rise of Chinese domestic infant formula brands have been weighing on its shares.