This morning Australia’s leading investment platform provider CommSec released data on the most traded ASX shares on its platform from last week.
Once again, there were a number of familiar faces filling up the top five over the period.
Here’s the data:
Flight Centre Travel Group Ltd (ASX: FLT)
Investors were buying and selling this travel agent’s shares in large numbers last week after Pfizer announced very positive results from its phase three COVID-19 vaccine trials. This made Flight Centre the most traded share on the CommSec platform and attributable for 2.6% of total trades. Surprisingly, just 54% of trades came from the buy side. Buyers will have been happy to see the Flight Centre share price record a 12% weekly gain last week.
Zip Co Ltd (ASX: Z1P)
This buy now pay later provider was popular with investors again last week. It accounted for 2.2% of trades on the CommSec platform. And although 63% of trades came from buyers, it couldn’t stop the Zip Co share price dropping 0.7% over the five days. Investors were selling COVID-winners last week and rotating into beaten down shares.
Afterpay Ltd (ASX: APT)
Fellow buy now pay later provider Afterpay was also popular with investors and accounted for 2.2% of trades on the platform. As with Zip, most of these trades came from buyers. Approximately 61% of trades came from the buy side and helped drive the Afterpay share price 1.3% higher for the week. This was a decent result given the selloff of COVID-winners following the COVID-19 vaccine news.
Webjet Limited (ASX: WEB)
This online travel agent was another travel share that was heavily traded last week due to the vaccine news. It contributed 1.9% of the total trades on the CommSec platform. And although the Webjet share price was on fire and surged 18% higher, the buying and selling was evenly split. Approximately 47% of trades came from buyers and 53% from sellers.
Qantas Airways Limited (ASX: QAN)
This airline operator was the third travel share to make the top five last week. It accounted for 1.7% of trades on CommSec over the period. As with Webjet, the Qantas share price surged materially higher following the COVID-19 vaccine news. However, just 51% of these trades came from the buy side.
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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 ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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