Demand was strong for these ASX shares last week…
The post BetMakers 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 provider’s shares were the most traded on the CommSec platform last week, accounting for 1.9% of trades. And although 57% of the volume came from the buy side, it wasn’t enough to stop the Zip share price from falling 3.1% over the five days. This reversed the gains the company’s shares made a week earlier after announcing its expansion into Europe and the Middle East.
BetMakers Technology Group Ltd (ASX: BET)
This betting technology company’s shares were popular last week. They were attributable to 1.6% of trades on the platform, with almost two-thirds of the volume coming from buyers. Unfortunately, this couldn’t stop the BetMakers share price from crashing 22% lower during the week. Concerns over its $4 billion takeover approach for the Tabcorp Holdings Limited (ASX: TAH) Wager and Media business have been weighing on its shares.
Betashares Nasdaq 100 ETF (ASX: NDQ)
Investors were buying this popular ETF again last week. The Betashares Nasdaq 100 ETF accounted for 1.5% of trades on CommSec, with 81% coming from buyers. The technology-focused ETF traded broadly flat during the five days but is up over 6% year to date.
Nuix Ltd (ASX: NXL)
This investigative analytics company’s shares were heavily traded last week, accounting for 1.3% of trades on the platform. And despite buyers being responsible for 77% of the volume, they couldn’t prevent the Nuix share price from sinking 23% during the week. The Nuix share price was sold off after it downgraded its guidance once again. Nuix shares have lost two-thirds of their value in 2021.
BetaShares Global Sustainability Leaders ETF (ASX: ETHI)
Finally, this ethical investment focused ETF was in demand with investors last week. Its unit were attributable to 1.2% of trades on CommSec. A massive 84% of these trades came from buyers, helping to drive the ETF up 1% for the week.
The post BetMakers and Zip were among the most traded ASX shares last week appeared first on The Motley Fool Australia.
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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 and has recommended BETANASDAQ ETF UNITS, Betmakers Technology Group Ltd, and ZIPCOLTD FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Nuix Pty Ltd. The Motley Fool Australia owns shares of and has recommended BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended Betmakers Technology Group Ltd and Nuix Pty Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.