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IOUpay and Zip were among the most traded ASX shares last week

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

Stock market, ASX, investing

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.

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

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