Sharesight20ASX weekly top 20 ASX trades – 31st August 2020
Disclaimer: The below article is for informational purposes only and does not constitute a product recommendation, or taxation or financial advice and should not be relied upon as such. Please consult with your financial adviser or accountant to obtain the correct advice for your situation.
In this Sharesight20ASX weekly snapshot of Sharesight users' 20 most traded stocks on the ASX, Zip Co (ASX: Z1P) strongly led the sell trades, with many investors likely selling shares off the back of preliminary FY20 results showing a 61% increase in net bad debts and losses of $44.9 million, as the company chases expansion plans. However, Zip also strongly led the buy trades, with share prices soaring following the announcement of a partnership with eBay. Rival BNPL giant Afterpay (ASX: APT) was another popular buy and sell trade, as well as data company Appen (ASX: APX).
Top 20 ASX trades last week
Click on the image below to see the full Sharesight20ASX snapshot of the 20 most traded ASX shares during the period:
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