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:
A2 Milk Company Ltd (ASX: A2M)
This infant formula company's shares were the most traded on CommSec last week and attributable to 2.8% of trades. And although the a2 Milk share price sank 21% lower following its fourth guidance downgrade of FY 2021, almost two-thirds of the volume came from buyers. Unfortunately for these buyers, the company's shares continue to slide and hit a multi-year low earlier today.
Zip Co Ltd (ASX: Z1P)
This buy now pay later (BNPL) provider's shares were popular again last week. They accounted for 2.5% of trades, with 62% coming from the buy side. Despite this buying pressure, it wasn't enough to stop the Zip share price sinking 6.8% over the five days. This was driven by weakness in the tech sector.
Betashares Nasdaq 100 ETF (ASX: NDQ)
The Betashares Nasdaq 100 ETF was attributable to 2.2% of trades on CommSec last week, with 84% of the volume coming from buyers. As with Zip, weakness in the tech sector weighed heavily on the popular ETF last week. This led to the Betashares Nasdaq 100 ETF falling 2.7% over the period.
Afterpay Ltd (ASX: APT)
Afterpay shares were attributable for 2.1% of trades on the platform last week, with 59% coming from buyers. Unfortunately, the aforementioned selloff in the tech sector led to the Afterpay share price sinking 9.5% over the five days.
Fortescue Metals Group Limited (ASX: FMG)
This iron ore producer's shares accounted for 1.5% of trades on CommSec last week. On this occasion, the buying and selling was largely even, with buyers accounting for 52% of the volume. The Fortescue share price fell 1% last week after a pullback in iron ore prices towards the end of the week.
