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Zip and Vulcan were among the most traded ASX shares last week
James Mickleboro | January 27, 2021 3:00pm |
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Here’s the data:
Zip was the most heavily traded share last week and attributable to a massive 5% of total trades on the CommSec platform. But despite the Zip share price surging 29% higher for the week following its second quarter update, only 52% of these trades came from the buy side. Zip reported a significant increase in transaction value thanks largely to its US business.
This clean lithium developer’s shares were in demand with investors last week. So much so, they were attributable for 2.8% of total trades on the CommSec platform. Approximately two-thirds of these trades came from buyers. These investors will be pleased to have seen the Vulcan share price continue its ascent. At the end of last week, its shares were up 164% in 2021 thanks to its very promising pre-feasibility study.
Why Vulcan (ASX:VUL) and these ASX shares are smashing the market in 2021
James Mickleboro | January 21, 2021 7:00am |
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While the
S&P/ASX 200 Index (ASX: XJO) has started 2021 in a positive fashion, its modest gain is nothing in comparison to some that have been made this year.
Three ASX shares which are on fire in 2021 are listed below. Here’s what you need to know about them:
The BrainChip share price has raced 48% higher since the start of 2021. This gain appears to be related to announcements late in the year that caught the eye of investors. The artificial intelligence technology company revealed that NASA has placed an order for its Akida Early Access Evaluation Kit. It also announced the signing of an intellectual property license agreement with Renesas Electronics America.
What does the Biden administration mean for ASX shares?
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With Joe Biden due to take office this week, many investors are wondering what this could mean for ASX shares. Ahead of his inauguration Biden has revealed a $1.9 trillion coronavirus relief plan aimed at combating the pandemic and the economic crisis it has triggered.
In the short term, this additional fiscal stimulus should help bolster the battered US economy, but it has also impacted global share markets. Prices of commodities used in infrastructure projects have rallied since Biden announced the package, while technology stocks have struggled.