Australia’s leading investment platform provider CommSec has just released data on the five most traded ASX shares on its platform from last week.
This week there are a couple of new faces to the list, with one in particular possibly coming as a surprise to readers.
Here’s the data:
Novonix Ltd (ASX: NVX)
The most traded share on CommSec last week was this battery materials supplier. Its shares accounted for 3.7% of trades on the platform. Speculation that the company might announce a deal with Tesla appeared to be getting investors excited. However, with no deal forthcoming, the Novonix share price unsurprisingly crashed lower. It lost 35% of its value last week.
BrainChip Holdings Ltd (ASX: BRN)
BrainChip shares were popular with investors again last week and accounted for 2.1% of trades on the CommSec platform last week. And despite 60% of these trades coming from the buy side, it didn’t stop the BrainChip share price from dropping 3.5% lower. The artificial intelligence technology company’s shares were still up over 750% year to date at the end of last week.
Zip Co Ltd (ASX: Z1P)
This BNPL provider’s shares accounted for 1.9% of trades on the CommSec platform last week. Approximately 63% of these trades were from the buy side, which appears to indicate that investors feel recent weakness in the Zip share price is a buying opportunity. Zip shares fell 3.2% last week and were down 32% month to date at the end of the period.
Commonwealth Bank of Australia (ASX: CBA)
Australia’s largest bank remains in the top five for a second week. CBA shares accounted for 1.9% of trades on the CommSec platform, with two-thirds coming from buyers. The good news for these buyers was that the government announced plans to relax responsible lending rules. This led to bank shares storming higher on Friday. The CBA share price recorded a weekly gain of 2.7%.
National Australia Bank Ltd (ASX: NAB)
As with CBA, this big four bank was popular with investors thanks to changes to responsible lending rules. This meant that NAB’s shares accounted for 1.8% of trades on the CommSec platform. Pleasingly, the positive finish to the week led to the NAB share price recording a weekly gain of 6.2%.
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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 has no position in any of the stocks mentioned. 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.
The post BrainChip (ASX:BRN) and Novonix (NVX) were among the most traded shares on the ASX last week appeared first on Motley Fool Australia.
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