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

Afterpay Ltd (ASX:APT) and Creso Pharma Ltd (ASX:CPH) shares were among the most traded shares on the CommSec platform last week.
The post Afterpay and Creso Pharma were among the most traded shares on the ASX last week appeared first on The Motley Fool Australia. –

Stock market, ASX, investing

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

Once again, there were a few regulars but also a couple of lesser known shares making the cut.

Here’s the data:

Betashares Nasdaq 100 ETF (ASX: NDQ)

This exchange traded fund (ETF) was the most traded share on the CommSec platform last week. It accounted for 2% of total trades on the platform, with buyers attributable to 85% of them. This ETF is particularly popular with investors as it gives them exposure to the likes of Apple, Amazon, Facebook, and Tesla. After a 30% gain in 2020, investors may be hoping for more of the same in 2021.

Creso Pharma Ltd (ASX: CPH)

This cannabis company was popular with investors again last week. Its shares accounted for 1.8% of trades on CommSec. Approximately 57% of these came from the buy side. That group of investors will have been pleased to see the cannabis company’s shares jump 33% over the period. This gain was driven by news that the Democrats won control of the US Senate. The Democrats are widely expected to decriminalise cannabis in the near future.

Core Lithium Ltd (ASX: CXO)

Core Lithium was a new entry to the top five, with its shares being responsible for 1.8% of trades on the platform. 65% of these trades came from buyers, who bid its shares 55% higher for the week. Investors have been buying lithium shares after the price of the battery making ingredient started to recover.

Afterpay Ltd (ASX: APT)

The Afterpay share price may have lost 1.7% of its value last week, but that didn’t stop the buyers from flooding in. The buy now pay later provider’s shares accounted for 1.7% of trades on CommSec, with 65% of them coming from buyers.

Zip Co Ltd (ASX: Z1P)

This fellow buy now pay later provider was popular with investors again last week. Zip’s shares were responsible for 1.5% of trades on the platform. Though, only 48% of these came from buyers. Despite this, the Zip share price climbed 4.7% over the five days. Some investors may be optimistic that its upcoming second quarter update will be a strong one.

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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.

The post Afterpay and Creso Pharma were among the most traded shares on the ASX last week appeared first on The Motley Fool Australia.

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