The S&P/ASX 200 Index (ASX: XJO) is trading in the red again on Tuesday morning, down 1.04% at the time of writing. The latest decline now means the index has fallen 6.1% from its peak in late October. It is also down 5.4% over the past month.
Slumping investor sentiment has dampened gains on the ASX and sparked concerns that the share market could be headed for a crash.
Amid the latest index declines, new data from CommSec reveals the Australian shares with the highest buying and selling activity by its clients last week, highlighting the biggest areas of investor interest.
Most traded Australian shares
CommSec's data shows that Droneshield Ltd (ASX: DRO) continued to be the most traded stock between 10th and 14th November. Around 71% of activity was investor buying.
Droneshield shares have been a focus point for investors for some time now. The share price pushed higher on Friday last week after investors started buying back into the stock following a massive sell-off over the previous 6 weeks. The shares climbed another 10% yesterday but have resumed falling today. At the time of writing, Droneshield shares are down 4.23% to $2.49.
Commonwealth Bank of Australia (ASX: CBA) shares are next on Commsec's list. Around 85% of its activity throughout the week was from buyers. These investors were likely taking advantage of the banking giant's share price plunge mid-last week. CBA's share price plummeted over 10% throughout last week after analysts and investors were unimpressed with its latest quarterly update.
Pilbara Minerals (ASX: PLS) was third on the list of most traded Australian shares. Although the majority of activity (74%) was investors selling up. The miner's share price rocketed over 19% during the course of last week. At the time of writing, the shares have climbed another 2.65% to $4.06. They're now up an enormous 188.3% higher than just 6 months ago. Last week's selling activity could have been investors taking their gains following the steep increase.
What other Australian shares were investors interested in?
CommSec clients were also interested in ANZ Group Holdings Ltd (ASX: ANZ), CSL Ltd (ASX: CSL), WiseTech Global Ltd (ASX: WTC), and Zip Co Ltd (ASX: ZIP) shares.
There was also a lot of activity around Liontown Resources Ltd (ASX: LTR), Woodside Energy Group Ltd (ASX: WDS), and Mineral Resources Ltd (ASX: MIN) shares through the week. However, the majority of activity for these Australian shares was investor selling.
