Demand was strong for these ASX shares last week…
The post Afterpay and Zip were among the most traded ASX shares last week appeared first on The Motley Fool Australia. –
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 was far and away the most traded ASX share on CommSec last week. Zip’s shares were attributable to 5.2% of trades on the platform, with 69% of the volume coming from the buy side. This couldn’t stop the Zip share price from tumbling 14.5% over the period, though. News that Apple was looking to launch a BNPL offering weighed heavily on its shares.
Betashares Nasdaq 100 ETF (ASX: NDQ)
This ETF was the next most popular ASX share, contributing 2% of total trades on CommSec. This was driven largely by buyers, with 91% of the volume coming from buy orders. This led to the ETF rising by a modest 0.4% over the period. This means the Betashares Nasdaq 100 ETF share price is now up 14% for the year.
Afterpay Ltd (ASX: APT)
Afterpay shares were heavily traded last week and responsible for 1.8% of trades on the platform. And while the buying and selling was broadly even, the sellers will have been the happier group. The aforementioned news about Apple potentially launching a BNPL product led to the Afterpay share price falling 12.2% last week.
BetaShares Global Sustainability Leaders ETF (ASX: ETHI)
This ethical ETF was popular with investors again last week. It was attributable to 1.8% of trades on CommSec, with buyers accounting for 93% of the volume. The ETF recorded another modest weekly gain, taking its shares up 12% year to date. The popularity of ethical investing is supporting inflows into this ETF.
A2 Milk Company Ltd (ASX: A2M)
This infant formula company’s shares were among the most traded again last week. A2 Milk’s shares were attributable to 1.7% of trades on CommSec, with over two-thirds of the volume coming from buyers. However, that wasn’t enough to stop the A2 Milk share price from falling 2.6% over the five days. Concerns over weakness in the daigou channel and the rise of Chinese domestic infant formula brands have been weighing on its shares.
The post Afterpay and Zip were among the most traded ASX shares last week appeared first on The Motley Fool Australia.
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Motley Fool contributor 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 and has recommended AFTERPAY T FPO, BETANASDAQ ETF UNITS, and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO and BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.