Zip and Creso Pharma were among the most traded shares on the ASX last week

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

Financial Technology

Australia’s leading investment platform provider CommSec has released data on the most traded ASX shares on its platform from last week.

As well as a couple of familiar faces, this week there were a few new names in the top five.

Here’s the data:

Zip Co Ltd (ASX: Z1P)

This buy now pay later provider was the most popular share on the CommSec platform last week. It accounted for a total of 2.5% of trades over the five days. This followed the release of its trading update for the month of November. Unfortunately, despite 70% of these trades coming from buyers and the update revealing further strong growth at home and in the United States, it couldn’t stop the Zip share price dropping 7.8% over the week.

Creso Pharma Ltd (ASX: CPH)

This cannabis company is a surprise entry into the top five. It contributed 1.9% of trades on the platform last week, with 62% coming from buyers. They were fighting to get hold of shares after the UN announced the decision to reclassify cannabis as a less dangerous drug. The Creso Pharma share price rocketed 185% higher last week thanks to this news and has continued its ascent this week.

Treasury Wine Estates Ltd (ASX: TWE)

Treasury Wine shares accounted for 1.8% of trades on CommSec last week. News that China was putting material tariffs on this wine company’s products put a huge amount of pressure on the Treasury Wine share price last week. Some investors appear to believe the sharp decline in the Treasury Wine share price at the start of the week created a buying opportunity. A massive 77% of trades came from the buy side.

Flight Centre Travel Group Ltd (ASX: FLT)

This leading travel agent was popular with CommSec investors last week. Its shares were attributable to 1.8% of trades over the five days, with 66% of them coming from buyers. Those investors will be pleased to learn that the Flight Centre share price continued its positive run and recorded its fifth consecutive week of gains. This followed a 52% jump in November thanks to vaccine news and the re-opening of domestic borders.

Betashares Nasdaq 100 ETF (ASX: NDQ)

Finally, this exchange traded fund (ETF) makes the top five after accounting for 1.6% of trades on the platform. The growing popularity of fund constituents such as Apple, Facebook, Microsoft, and Tesla led to 80% of these trades coming from buyers. The good news for them is that the Nasdaq index hit a record high overnight.

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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 and has recommended Treasury Wine Estates Limited. 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 Zip and Creso Pharma were among the most traded shares on the ASX last week appeared first on The Motley Fool Australia.

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