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)
This buy now pay later (BNPL) provider’s shares were the most traded on the CommSec platform by some distance. Zip shares accounted for 3% of total trades last week. However, just 39% of these came from buyers. Unfortunately for the sellers, the Zip share price recorded a sizeable 19% gain over the five days. A new chair appointment and a strong BNPL update from PayPal helped drive its shares higher.
Betashares Nasdaq 100 ETF (ASX: NDQ)
This exchange traded fund (ETF) was popular with investors and accounted for 1.7% of trades on CommSec. A sizeable 78% of these trades came from buyers. They may have been buying the ETF in response to strong updates from Amazon and Apple.
Silver Mines Limited (ASX: SVL)
This silver-focused mineral exploration company’s shares were heavily traded last week, accounting for 1.5% of trades by CommSec investors. Almost two-thirds of these trades came from buyers who appear to have been looking for exposure to the precious metal after Reddit tried to initiate a short squeeze.
Afterpay Ltd (ASX: APT)
Afterpay shares were among the most traded shares again last week. They were responsible for 1.3% of trades on CommSec, with sellers accounting for 60% of these trades. As with rival Zip, these sellers will be disappointed to have missed out on a 12% gain over the five days. This appears to have been driven partly by a bullish broker note out of Bell Potter.
Rent.com.au Ltd (ASX: RNT)
This online rental listings company’s shares were very popular with investors last week. Rent.com.au shares were attributable for 1.2% of trades on CommSec, with close to two-thirds coming from the buy side. Investors were fighting to get hold of its shares after renowned tech investor, Bevan Slattery, took part in an institutional placement. The Rent.com.au share price jumped almost 500% last week.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
More reading
- Why Challenger, DEXUS, Emeco, & Zip shares are tumbling lower
- ASX 200 rises 0.6%, Vocus jumps on takeover offer, Afterpay hits new record
- Will LimePay IPO drive ASX BNPL shares even higher?
- Why the Afterpay (ASX:APT) share price is exploding even higher today
- Why the Zip (ASX:Z1P) share price is storming 10% higher today
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 owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended BETANASDAQ ETF UNITS. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
The post Afterpay and Zip were among the most traded ASX shares last week appeared first on The Motley Fool Australia.
from The Motley Fool Australia https://ift.tt/3cRpg8M
Leave a Reply