Australia’s leading investment platform provider CommSec has released data on the most traded ASX shares on its platform from last week.
Here’s the data:
Zip Co Ltd (ASX: Z1P)
Zip was the most heavily traded share last week and attributable to a massive 5% of total trades on the CommSec platform. But despite the Zip share price surging 29% higher for the week following its second quarter update, only 52% of these trades came from the buy side. Zip reported a significant increase in transaction value thanks largely to its US business.
Vulcan Energy Resources Ltd (ASX: VUL)
This clean lithium developer’s shares were in demand with investors last week. So much so, they were attributable for 2.8% of total trades on the CommSec platform. Approximately two-thirds of these trades came from buyers. These investors will be pleased to have seen the Vulcan share price continue its ascent. At the end of last week, its shares were up 164% in 2021 thanks to its very promising pre-feasibility study.
Strategic Elements Ltd (ASX: SOR)
Also popular with investors last week was Strategic Elements. It is an investment and development company with a focus on brain-inspired (neuromorphic) computing hardware. Approximately 2.3% of trades on CommSec involved its shares last week, with 63% coming from buyers. They appear excited by its Nanocube Memory structure, which is aiming to combine computing and memory in one place in a way similar to how biological neurons operate.
Lithium Australia NL (ASX: LIT)
This lithium miner was heavily traded last week and accounted for 1.4% of trades on CommSec. 68% of the trades came from buyers, who will have been delighted to see the Lithium Australia share price rocket 61% higher over the five days. This followed news that Lithium Australia has entered into an acquisition and joint venture agreement with Galan Lithium Ltd (ASX: GLN).
Pilbara Minerals Ltd (ASX: PLS)
Finally, another lithium miner makes the top five this week after accounting for 1.4% of trades on the platform. Once again, the buying was strong, with 68% of trades coming from the buy side. Unfortunately for these buyers, though, is that the Pilbara Minerals share price dropped lower during the 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 ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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