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 the most traded share on the CommSec platform last week despite its larger rival taking all the headlines. Zip’s shares were attributable to 3.5% of trades on the platform, but only 36% came from the buy side. With the Zip share price jumping 16% over the five days, it appears as though some investors may have taken a bit of profit off the table.
Afterpay Ltd (ASX: APT)
This BNPL giant’s shares weren’t far behind and were responsible for 3.3% of trades on CommSec. This was driven by news that US payments giant Square is acquiring the company. And despite the Afterpay share price rocketing almost 37% higher during the week, the majority of the trades were from sellers. A total of 68% of the volume came from them. They appear happy to lock in these gains rather than convert their shares into Square scrip.
Fortescue Metals Group Limited (ASX: FMG)
Fortescue’s shares were popular with CommSec investors last week. They were attributable to 2.3% of trades on the platform, with 76% of the volume from buyers. Unfortunately for them, a sharp pullback in the iron ore price led to the Fortescue share price tumbling 7.5% over the five days.
Betashares Nasdaq 100 ETF (ASX: NDQ)
This ETF was popular with investors once again last week. The Betashares Nasdaq 100 ETF was part of 2.1% of trades on CommSec, with a massive 92% of the volume coming from buyers. The Betashares ETF is up 19% since the start of the year.
BetaShares Global Sustainability Leaders ETF (ASX: ETHI)
The growing popularity of ethical investing led to this ETF being heavily traded again last week. It was attributable to 1.5% of trades on the platform, with buyers making up 91% of the volume. The ETF rose 1.2% over the five days, bringing its year to date gain to 15.5%.
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 has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.