CBA and Zip were among the most traded shares on the ASX last week

Commonwealth Bank of Australia (ASX:CBA) and Zip Co Ltd (ASX:Z1P) shares were among the most traded shares on the CommSec platform last week.
The post CBA and Zip were among the most traded shares on the ASX last week appeared first on Motley Fool Australia. –

Financial Technology

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 number of familiar faces filling up the top five over the period.

Here’s the data:

Westpac Banking Corp (ASX: WBC)

The most popular share on the CommSec platform last week was this banking giant. Westpac shares accounted for 1.6% of trades on the platform, with 48% of them coming from buyers. Despite this even split between buyers and sellers, the Westpac share price recorded a sizeable 8.5% gain. This was driven by COVID-19 vaccine optimism and the improving outlook for bank dividends

Commonwealth Bank of Australia (ASX: CBA)

For the same reasons, Commonwealth Bank shares were also popular with investors and contributed 1.6% of total trades on CommSec. As with Westpac, the Commonwealth Bank share price was a strong performer and rose 10% over the five days. Surprisingly, despite this strong form, only 28% of these trades were attributable to buyers.

Flight Centre Travel Group Ltd (ASX: FLT)

The prospect of two (and now three) effective COVID-19 vaccines gave the travel industry a huge boost last week. Unsurprisingly, this meant that Flight Centre shares were popular with investors. They accounted for 1.6% of trades on CommSec, with a sizeable 63% coming from the buy side. The Flight Centre share price pushed higher, stretching its month to date gain to 42% at the end of the week.

Afterpay Ltd (ASX: APT)

This buy now pay later provider was popular with investors again and accounted for 1.5% of trades on the platform. Approximately 63% of these trades were from buyers. Unfortunately for these buyers, the Afterpay share price lost 4.2% of its value over the five days. This may have been due to concerns over the growth of its US business. Last week it revealed that Co-CEO Nick Molnar is planning to return to the US as soon as possible.

Zip Co Ltd (ASX: Z1P)

Fellow buy now pay later provider, Zip Co, was popular with investors as well. Its shares were responsible for 1.5% of trades on the CommSec platform. This time the buying and selling was evenly split, with 49% of trades coming from the buy side. They will be pleased to have seen the Zip share price rise 2% over the five days.

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James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post CBA and Zip were among the most traded shares on the ASX last week appeared first on Motley Fool Australia.

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