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:
88 Energy Ltd (ASX: 88E)
For a second week in a row, this oil and gas exploration company’s shares were easily the most traded share on the CommSec platform. 88 Energy’s shares accounting for 4.1% of trades, with 56% of the volume coming from buyers. Unfortunately for those buyers, the 88 Energy share price crashed 63% lower last week. This follows a disappointing update on its Merlin-1 project in northern Alaska.
Zip Co Ltd (ASX: Z1P)
Zip’s shares were popular with investors once again last week. The buy now pay later provider’s shares were attributable to 2.5% of trades on the platform, with 59% coming from the buy side. Positively, the Zip share price climbed 7.4% over the week and has continued its ascent this week thanks to a strong Q3 update today.
Red Sky Energy Limited (ASX: ROG)
This oil and gas acquisition and development company remains in the top five after accounting for 2.1% of trades on CommSec. And although almost two-thirds of these trades came from buyers, it couldn’t stop the Red Sky Energy share price falling 14% during the four days. This was despite the company revealing that its operations had exposure to an estimated 6.4m barrels of oil-equivalent.
Betashares Nasdaq 100 ETF (ASX: NDQ)
The Betashares Nasdaq 100 ETF was popular with investors last week. Its units were attributable to 1.9% of trades on the platform, with 68% of trades coming from buyers. A pullback in bond yields appears to have attracted investors to the tech-heavy index. Its units rose almost 4% last week.
Afterpay Ltd (ASX: APT)
As always, Afterpay’s shares were heavily traded last week. The payments giant’s shares were responsible for 1.4% of trades on CommSec. However, despite the Afterpay share price rising 15% over the four trading days, only 44% of trades came from buyers. Its shares took off following a positive update on its Afterpay Day event in the United States.
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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 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.
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