Afterpay and Brainchip were among the most traded shares on the ASX last week

Australia’s leading investment platform provider CommSec has just released data on the five most traded ASX shares on its platform from last week.

Once again, there were a number of familiar names in the list this week, most notably from the buy now pay later (BNPL) industry.

Here’s the data:

Zip Co Ltd (ASX: Z1P)

For yet another week, this BNPL provider was extremely popular with ASX investors. Zip shares accounted for a massive 7.6% of total trades made on the CommSec platform last week, with a sizeable 74% of these trades coming from buyers. Despite this buying, it wasn’t enough to stop the Zip share price from crashing 24% lower over the five days. Concerns over PayPal’s entry into the BNPL market spooked investors.

Afterpay Ltd (ASX: APT)

Also popular with CommSec investors last week was Afterpay. The payments company’s shares accounted for 3.3% of trades on the platform over the period. And although approximately 61% of these trades came from buyers, the Afterpay share price fell 12% last week. A combination of the PayPal news and a selloff on the tech-heavy Nasdaq index weighed heavily on its shares.

Brainchip Holdings Ltd (ASX: BRN)

For a second week in a row, this provider of ultra-low power high performance artificial intelligence technology was among the most traded shares on the CommSec platform. Brainchip shares accounted for 3.2% of trades on the platform last week, with buyers behind 66% of these trades. It certainly paid off for those investors. Brainchip’s shares recorded a 57% gain last week. Brainchip announced a potential program collaboration with NASA on the Monday.

BetaShares NASDAQ 100 ETF (ASX: NDQ)

It’s not often that an exchange traded fund (ETF) makes the list, but that’s what happened last week. The BetaShares NASDAQ 100 ETF accounted for 1.8% of trades on the CommSec platform over the five days. And with 89% of these trades coming from buyers, it appears as though investors saw the aforementioned Nasdaq selloff as a buying opportunity.

Sezzle Inc (ASX: SZL)

Finally, Sezzle is back among the most traded shares. The BNPL provider accounted for 1.7% of trades on the CommSec platform. Once again, the high level of trading appears to have stemmed from news that PayPal is entering the fast-growing BNPL market with its Pay in 4 product. The payments giant intends to launch in the United States during the final quarter of 2020. The Sezzle share price lost a third of its value last week.

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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 BETANASDAQ ETF UNITS and ZIPCOLTD FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Sezzle Inc. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended BETANASDAQ ETF UNITS and Sezzle Inc. 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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