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.
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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)
For a fifth week in a row, this buy now pay later (BNPL) provider’s shares were the most traded on the CommSec platform. Last week Zip’s shares were attributable to a sizeable 5.9% of trades, with approximately 56% coming from buyers. However, the sellers will have been the happier group of investors. Last week the Zip share price fell 10% over the five days due to weakness in the tech sector.
Afterpay Ltd (ASX: APT)
Once again, Afterpay was the next most traded share on the platform. It was attributable to 2.8% of trades on CommSec, with the buying and selling evenly split at 51% to 49%, respectively. The Afterpay share price was out of form last week and fell 1.7% during the period due to the aforementioned weakness in the tech sector. This offset news that its European acquisition has now complete.
Flight Centre Travel Group Ltd (ASX: FLT)
Flight Centre shares were heavily traded last week after the government announced stimulus in the tourism sector. This led to the travel agent’s shares accounting for 2.5% of trades on CommSec. And although only 48% of trades came from buyers, the Flight Centre share price climbed 8.7% over the five days.
Fortescue Metals Group Limited (ASX: FMG)
This iron ore producer’s shares were attributable to 1.7% of trades on the platform last week, with over two-thirds coming from buyers. Investors may have been taking advantage of a pullback in the Fortescue share price to buy shares. Its shares dropped 3.8% last week after iron ore prices softened due to China curbing steel production to combat pollution concerns.
Betashares Nasdaq 100 ETF (ASX: NDQ)
This exchange traded fund (ETF) was popular with investors again last week. NDQ accounted for 1.5% of trades on CommSec over the period. A sizeable 81% of these trades came from buyers. They may have believed that a recent pullback by the Nasdaq 100 was a buying opportunity. The ETF climbed 4.1% during the week.
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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 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.
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