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:
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Imugene Limited (ASX: IMU)
This immuno-oncology focused biopharmaceutical company's shares were the most traded on the CommSec platform last week, accounting for 2.4% of trades. Approximately two-thirds of these trades came from buyers, helping to drive its shares 12% higher over the week. Excitement around its HER-Vaxx cancer immunotherapy appears to be behind this. And while there was some insider buying (through the exercising of options) from its CEO and Chairman, the majority of this was funded by the sale of shares.
Zip Co Ltd (ASX: Z1P)
This buy now pay later provider's shares were heavily traded again last week. They were attributable to 2.1% of trades on the platform, with just over half of the volume coming from the buy side. This led to the Zip share price rising 2.2% over the five days. Investors were buying Zip's shares following news that it is expanding into Europe and the Middle East.
Kogan.com Ltd (ASX: KGN)
This ecommerce company's shares accounted for 1.4% of trades on CommSec last week. And although there were marginally more sellers than buyers, it couldn't stop the Kogan share price from jumping 17% over the week. This appears to have been driven by bargain hunters swooping in following a sizeable decline a week earlier.
Commonwealth Bank of Australia (ASX: CBA)
This banking giant's shares were heavily traded last week. The shares of Australia's largest bank were attributable to 1.4% of trades on the platform, with buyers accounting for only 26% of the volume. Unfortunately for the sellers, the Commonwealth Bank share price rose 2.5% during the week and even broke through the $100 mark for the first time.
Fortescue Metals Group Limited (ASX: FMG)
Despite a pullback in iron ore prices, CommSec investors were buying this mining giant's shares last week. Fortescue's shares accounted for 1.3% of trades on the platform, with 62% coming from the buy side. Unfortunately for them, the weakness in iron ore prices led to the Fortescue share price losing 1% of its value during the five days.
