Douugh and Afterpay were among the most traded shares on the ASX last week

Douugh Ltd (ASX:DOU) and Afterpay Ltd (ASX:APT) shares were among the most traded shares on the CommSec platform last week.
The post Douugh and Afterpay were among the most traded shares on the ASX last week appeared first on Motley Fool Australia. –

Financial Technology

This morning Australia’s leading investment platform provider CommSec released data on the most traded ASX shares on its platform from last week.

While a number of familiar faces have made it into the top five again this week, one surprising new entry was the most traded share on the platform.

Here’s the data:

Douugh Ltd (ASX: DOU)

This neobank was surprisingly the most traded ASX share on the CommSec platform last week. It accounted for 4.9% of trades, with 63% coming from buyers. Douugh is aiming to use an artificial intelligence approach to disrupt the business model of banking. Its shares rose a whopping 228% last week. Things haven’t been so good this week, with the Douugh share price losing a third of its value week to date.

Zip Co Ltd (ASX: Z1P) 

Zip shares were popular with investors again last week and accounted for 4.4% of trades on the CommSec platform. And although 62% of these trades came from buyers, it wasn’t enough to stop the buy now pay later provider’s shares from falling 7.2% over the five days.

Flight Centre Travel Group Ltd (ASX: FLT)

CommSec customers were also busy buying the travel agent’s shares last week. Flight Centre accounted for 2% of trades on the platform, with a massive 77% coming from buyers. Unfortunately, concerns over rising COVID-19 cases globally sparked fears of delays in a travel market recovery and led to a broker downgrade by Credit Suisse. This put pressure on the Flight Centre share price, sending it 9% lower for the week.

Betashares Nasdaq 100 ETF (ASX: NDQ)

This exchange traded fund (ETF) was popular with investors again last week. It accounted for approximately 1.5% of trades on the CommSec platform, with 78% of trades coming from buyers. Investors appear to be loading up on the tech-heavy ETF ahead of earnings season in the United States.

Afterpay Ltd (ASX: APT)

Finally, Afterpay makes the top five once again. The payments company’s shares were involved in 1.5% of trades on the CommSec platform. However, just 34% of these came from buyers. Those sellers may be regretting this one after the Afterpay share price rocketed through the $100 level and to a new record high this morning following a deal with Westpac Banking Corp (ASX: WBC).

Man who said buy Kogan shares at $3.63 says buy these 3 ASX stocks now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

Find out the names of our 3 Post COVID Stocks – For FREE!

*Returns as of 6/8/2020

More reading

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 BETANASDAQ ETF UNITS and ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended BETANASDAQ ETF UNITS and 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 Douugh and Afterpay were among the most traded shares on the ASX last week appeared first on Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!