Australia’s leading investment platform provider CommSec has 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:
Westpac Banking Corp (ASX: WBC)
The most popular share on the CommSec platform last week was this banking giant. Westpac shares accounted for 1.6% of trades on the platform, with 48% of them coming from buyers. Despite this even split between buyers and sellers, the Westpac share price recorded a sizeable 8.5% gain. This was driven by COVID-19 vaccine optimism and the improving outlook for bank dividends
Commonwealth Bank of Australia (ASX: CBA)
For the same reasons, Commonwealth Bank shares were also popular with investors and contributed 1.6% of total trades on CommSec. As with Westpac, the Commonwealth Bank share price was a strong performer and rose 10% over the five days. Surprisingly, despite this strong form, only 28% of these trades were attributable to buyers.
Flight Centre Travel Group Ltd (ASX: FLT)
The prospect of two (and now three) effective COVID-19 vaccines gave the travel industry a huge boost last week. Unsurprisingly, this meant that Flight Centre shares were popular with investors. They accounted for 1.6% of trades on CommSec, with a sizeable 63% coming from the buy side. The Flight Centre share price pushed higher, stretching its month to date gain to 42% at the end of the week.
Afterpay Ltd (ASX: APT)
This buy now pay later provider was popular with investors again and accounted for 1.5% of trades on the platform. Approximately 63% of these trades were from buyers. Unfortunately for these buyers, the Afterpay share price lost 4.2% of its value over the five days. This may have been due to concerns over the growth of its US business. Last week it revealed that Co-CEO Nick Molnar is planning to return to the US as soon as possible.
Zip Co Ltd (ASX: Z1P)
Fellow buy now pay later provider, Zip Co, was popular with investors as well. Its shares were responsible for 1.5% of trades on the CommSec platform. This time the buying and selling was evenly split, with 49% of trades coming from the buy side. They will be pleased to have seen the Zip share price rise 2% over the five days.
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James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. 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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