Demand was strong for these ASX shares last week…
The post NAB and Zip were among the most traded ASX shares last week appeared first on The Motley Fool Australia. –
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)
This buy now pay later provider’s shares were once again the most traded on the CommSec platform last week. Zip’s shares accounted for 2.2% of trades on the platform, with the buying and selling largely even. The buyers will have been the happier group of investors, though. The Zip share price rose 2.6% during the week after tech shares rebounded.
National Australia Bank Ltd (ASX: NAB)
This banking giant’s shares were attributable to 1.4% of trades on the platform last week. However, despite 74% of the volume coming from buyers, it couldn’t stop the NAB share price from losing 3.8% of its value during the period. This was driven by concerns over an AUSTRAC investigation into potentially serious and ongoing non-compliance with AML/CTF laws.
Betashares Nasdaq 100 ETF (ASX: NDQ)
Investors were buying this popular ETF again last week, leading to its units being accountable for 1.4% of trades on CommSec. Almost three-quarters of the volume came from the buy side. Fortunately for those buyers, the Nasdaq 100 ETF rose 2.1% over the five days. The index then climbed to a record high on Monday.
Imugene Limited (ASX: IMU)
Traders have been buying this immuno-oncology focused biopharmaceutical company’s shares again. This led to Imugene’s shares accounting for 1.2% of trades on CommSec last week. And while 64% of the volume came from buyers, it couldn’t stop the Imugene share price sinking 11.5% over the five days. Concerns over its lofty valuation appear to be weighing on its shares.
iShares Core S&P/ASX 200 ETF (ASX: IOZ)
Another ETF that was popular with investors was the iShares Core S&P/ASX 200 ETF. It was attributable to 1.2% of trades on Commsec, with a massive 86% of the volume coming from buyers. However, despite the buying pressure, the ETF was largely flat last week. Though, it is up a solid 12% since the start of the year.
The post NAB and Zip were among the most traded ASX shares last week appeared first on The Motley Fool Australia.
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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 and has recommended BETANASDAQ ETF UNITS and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and 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.