A2 Milk Company Ltd (ASX:A2M) and Mesoblast limited (ASX:MSB) shares were among the most traded shares on the CommSec platform last week.
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This morning Australia’s leading investment platform provider CommSec released data on the most traded ASX shares on its platform from last week.
A number of familiar faces have made it into the top five again this week, with one company far and away the most traded share on the platform.
Here’s the data:
Mesoblast limited (ASX: MSB)
Mesoblast shares were easily the most traded shares on the CommSec platform last week and accounted for 5.6% of total trades. And while a sizeable 75% of these trades came from buyers, it wasn’t enough to stop the Mesoblast share price from losing 35% of its value. An unfavourable decision by the US FDA led to the share price weakness.
A2 Milk Company Ltd (ASX: A2M)
This infant formula company’s shares were popular with retail investors last week and were responsible for 2.6% of total trades on the platform. It appears as though investors were taking advantage of an 18.5% decline in the a2 Milk share price following a disappointing trading update to pick up shares. Approximately 83% of these trades came from buyers.
BrainChip Holdings Ltd (ASX: BRN)
This artificial intelligence technology company’s shares are in the top five again. BrainChip shares accounted for 2.4% of trades on the CommSec platform last week, with 62% coming from buyers. This buying support couldn’t stop the BrainChip share price from losing almost 23% of its value over the five days.
Zip Co Ltd (ASX: Z1P)
Investors were trading this buy now pay later provider’s shares in large numbers last week. Approximately 2.2% of trades on the CommSec platform were attributable to Zip’s shares. And although the company’s shares rose almost 9% during the week, just 38% of these trades came from the buy side.
Flight Centre Travel Group Ltd (ASX: FLT)
Finally, reductions in COVID-19 numbers in Victoria and news that a travel bubble would soon be opening between Australia and New Zealand gave the travel sector a boost last week. This led to Flight Centre shares accounting for 1.8% of trades on the CommSec platform. Buyers accounted for 56% of these trades, helping drive its shares 6% higher for 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 ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended A2 Milk. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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