IOUpay Ltd (ASX:IOU) 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 fourth week in a row, this buy now pay later (BNPL) provider’s shares were the most traded on the CommSec platform. Zip shares accounted for 3.7% of trades last week, with approximately 60% coming from the buy side. Unfortunately, this wasn’t enough to stop the Zip share price losing 8% of its value over the five days. This was driven by weakness in the tech sector due to rising bond yields.
Afterpay Ltd (ASX: APT)
Afterpay was the next most traded share and attributable to 2.2% of total trades on the CommSec platform. Approximately 61% of these trades came from buyers. But as with Zip, this couldn’t stop the Afterpay share price from falling 3.5% last week. Once again, weakness in the tech sector appears to have weighed on its shares.
Betashares Nasdaq 100 ETF (ASX: NDQ)
This exchange traded fund (ETF) was popular with investors once again. It accounted for 2% of trades on CommSec over the five days. A whopping 88% of these trades came from buyers. They may have been looking to take advantage of a recent pullback by the Nasdaq 100. The ETF fell 1% during the week.
IOUpay Ltd (ASX: IOU)
A new addition to the top five this week is Malaysia-based BNPL provider IOUpay. Its shares were responsible for 1.9% of trades on CommSec during the week. And while two-thirds came from buyers, the buying wasn’t strong enough to stop the IOUpay share price falling 10% over the five days. Last week IOUpay announced a partnership with leading online payment gateway, iPay88. The agreement will see the company provide BNPL services to iPay88 customers.
CSL Limited (ASX: CSL)
CSL shares were back in the top five after accounting for 1.4% of trades last week. And as with the others, although 79% of trades came from the buy side, it wasn’t enough to stop the CSL share price sliding 5% lower. Part of this decline was due to CSL’s shares trading ex-dividend for its interim dividend. That will now be paid to eligible shareholders on 1 April.
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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 AFTERPAY T FPO, BETANASDAQ ETF UNITS, CSL Ltd., and ZIPCOLTD FPO. The Motley Fool Australia 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.
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