This morning Australia's leading investment platform provider CommSec released data on the most traded ASX shares on its platform from last week.
Looking at the data, I think it is fair to say that speculative stocks were in demand with investors (or more likely, traders) last week.
Here's the data:
Douugh Ltd (ASX: DOU)
For a second week in a row, this neobank was the most traded share on the CommSec platform. Douugh's shares accounted for 3.5% of trades during the five days, with buyers behind 58% of them. Unfortunately, for those buyers, the Douugh share price was out of form and tumbled 16% lower over the week. Though, it is worth noting that it was a very strong performer a week earlier.
Zip Co Ltd (ASX: Z1P)
Zip shares were popular with investors again last week. They contributed a total of 3.1% of trades on the CommSec platform, with approximately 72% of trades coming from buyers. The announcement of the launch of the Tap & Zip product appears to have caught the eye of investors. Unfortunately, this was offset by news that Westpac Banking Corp (ASX: WBC) would be selling off its stake in Zip. The Zip share price lost 4% of its value last week.
Ioupay Ltd (ASX: IOU)
Speculators were fighting to get hold of this fintech company's shares last week. This led to them accounting for 2.7% of trades on the CommSec platform. Over the five days, the Ioupay share price rocketed 70% higher on no news. Approximately 59% of trades were from buyers.
BrainChip Holdings Ltd (ASX: BRN)
This artificial intelligence services company was back in the top five last week, accounting for a total of 1.8% of trades on the platform. Although almost two-thirds of these trades were from the buy-side, it couldn't stop its shares falling 1.3% over the five days. Last week BrainChip released a reasonably underwhelming quarterly update.
Emerge Gaming Ltd (ASX: EM1)
This eSports company's shares were popular with investors last week after the release of an update on pre-registrations for its MIGGSTER mobile platform. That update revealed that total pre-registrations have now reached 3 million. This news sent the Emerge Gaming share price hurtling 150% higher for the week. Buyers accounted for 61% of trades.
