Insights

Flight Centre and Zip were among the most traded ASX shares last week

Flight Centre Travel Group Ltd (ASX:FLT) and Zip Co Ltd (ASX:Z1P) shares were among the most traded shares on the CommSec platform last week.
The post Flight Centre and Zip were among the most traded ASX shares last week appeared first on The Motley Fool Australia. –

man and woman talking with each other whilst using a MacBook

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)

Zip’s shares were the most popular shares among CommSec investors yet again last week. The buy now pay later (BNPL) provider’s shares accounted for 2.5% of trades on the platform, with 64% coming from buyers. Unfortunately, this buying wasn’t enough to stop the Zip share price from losing 9.1% of its value during the five days. Weakness in the tech sector weighed on its shares.

Afterpay Ltd (ASX: APT)

It was a similar story for its BNPL rival Afterpay. It was attributable for 2.1% of trades on the platform, with two-thirds of the volume coming from the buy side. Sadly, this wasn’t enough to stop the Afterpay share price from sinking 18.9% during the period. Valuation concerns appear to be weighing on the company’s shares.

Flight Centre Travel Group Ltd (ASX: FLT)

Flight Centre shares were popular with investors last week. The travel agent’s shares accounted for 2% of volume, with 69% coming from buyers. However, once again, this wasn’t enough to stop the Flight Centre share price from tumbling 7.4% over the five days. News that Flight Centre expects to record a second half loss in line with the one it reported in the first half (~$250 million) was weighing on its shares.

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

This banking giant’s shares were responsible for 1.8% of trades on CommSec last week. And although a massive 82% came from buyers, the ANZ share price still fell 3.4% over the week. Last week ANZ released a very positive half year update. However, it was largely in line with the market’s lofty expectations.

Betashares Nasdaq 100 ETF (ASX: NDQ)

The Betashares Nasdaq 100 ETF was popular with investors and was part of 1.7% of trades on CommSec. The majority of the volume (82%) came from buyers. However, weakness in the tech sector led to the ETF losing 1.9% of its value over the five days.

Where to invest $1,000 right 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.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

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. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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

Important Notice
Trade The US Market With ZERO Brokerage* + FREE Access To Trading Ideas & Value Analysis Tools. Click Here!