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)
This buy now pay later (BNPL) provider was the most traded share on the CommSec platform again last week. However, despite 60% of the volume coming from buyers, it couldn't stop the Zip share price from edging 1% lower over the period. This followed the release of full year results which revealed strong sales growth but a large loss.
Betashares Nasdaq 100 ETF (ASX: NDQ)
This ETF was popular with investors once again last week, making it the second most traded ASX share. The vast majority of these trades came from buyers, with approximately 84% of the volume attributable to the buy side. They will have been pleased to see the Betashares Nasdaq 100 ETF record its fourth consecutive weekly gain.
Afterpay Ltd (ASX: APT)
The next most popular ASX share was this BNPL provider. Although Afterpay is in the process of being acquired by Square, investors continue to trade its shares in high numbers. The buying and selling was largely split, with buyers making up 52% of the volume. Last week Afterpay released its full year results and revealed a 78% increase in revenue. Like Zip, it also posted a significant loss.
Flight Centre Travel Group Ltd (ASX: FLT)
This travel agent was heavily traded last week, with buyers making up 60% of the volume. They will have been delighted to have seen the Flight Centre share price surge 23% higher over the five days. This followed the release of its full year results for FY 2021. Although the company posted a big loss, investors were pleased with news that it expects to reach profitability again during FY 2022.
A2 Milk Company Ltd (ASX: A2M)
The fifth most traded share last week on CommSec was this struggling infant formula company. And although over two-thirds of the volume came from the buy side, it couldn't stop the A2 Milk share price from sinking 10% over the period. This followed the release of a disappointing full year result and expectations for another tough year in FY 2022.
