Demand was strong for these ASX shares last week…
The post CBA 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 share on the CommSec platform last week. Its shares were involved in 4% of trades, with buyers accounting for almost two-thirds of the volume. This followed the release of the company’s fourth quarter update. The Zip share price ended the week marginally lower after investors reacted negatively to the update.
Betashares Nasdaq 100 ETF (ASX: NDQ)
This ETF was popular with investors once again during the five days. The Betashares Nasdaq 100 ETF was attributable to 2% of trades on CommSec, with a sizeable 90% of the volume coming from buyers. The technology-focused ETF rose 2.3% last week, stretching its 2021 gain to ~18%. Investors may have been buying the ETF in anticipation of a strong US earnings season.
BetaShares Global Sustainability Leaders ETF (ASX: ETHI)
Investors were piling into this ethical ETF again last week. The ETF was involved in 1.7% of trades during the week, with 92% of the volume coming from the buy side. This led to the ETF gaining 1.6% last week, bringing its year to date gain to 15%. Increased interest in ethical investing has been driving this ETF higher.
iShares Core S&P/ASX 200 ETF (ASX: IOZ)
ETFs certainly were popular last week. A third ETF among the top five was the iShares Core S&P/ASX 200 ETF, which was responsible for 1.5% of trades on CommSec. As with the other ETFs, the majority of these trades were from buyers. A total of 88% of the volume was from the buy side. These investors appear to believe the ASX 200 index can keep on climbing over the remainder of 2021 despite hitting a record high.
Commonwealth Bank of Australia (ASX: CBA)
This banking giant’s shares were popular with investors and were attributable to 1.2% of trades on the platform. The buying and selling was largely flat, with 53% of the volume coming from buyers. The CBA share price rose 1% over the five days. Investors may be confident that a solid full year result is coming from Australia’s largest bank next month.
The post CBA 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 BETANASDAQ ETF UNITS and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and 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.