The S&P/ASX 200 Index (ASX: XJO) has had a great day on the markets today. The ASX 200 closed up a very healthy 0.5% to 7,431.4 points after hitting 7,447.9 earlier in the day – a new all-time record high.
So let’s now take a look at how some of the ASX 200 shares are faring today in terms of trading volume:
3 ASX 200 shares that are the most heavily traded today
Telstra Corporation Ltd (ASX: TLS)
ASX 200 telco Telstra is our first ASX share to examine today. Telstra has seen a hefty 13.93 million of its own shares trade this Tuesday. This might be the result of the Telstra share price itself, which finished up 1.6% to equal its 52-week high of $3.80 a share.
There has been no major news or announcements out of the telco today. But as Telstra is a large ASX 200 company by market capitalisation, but with a relatively low share price, we often see trading volume of this magnitude from seemingly small share price movements.
Scentre Group (ASX: SCG)
Real Estate Investment Trust (REIT) Scentre Group is our second ASX 200 share that traded heavily today, with 14.15 million shares changing hands. Again, there is no major news or announcements out of this shopping centre operator today. However, Scentre shares are staging something of a recovery today after yesterday’s near 4% sell off.
At market close, Scentre is back up 1.21% today to $2.50 a share. It might be the whipsaw selling-then-buying dynamic playing out that is behind the surge in trading volumes we are seeing with this ASX REIT today.
Silver Lake Resources Limited (ASX: SLR)
And the ASX 200’s top share trading volume today is gold producer Silver Lake. Some 15.48 million Silver Lake shares swapped owners this Tuesday. And just like yesterday, this is probably the result of the Silver Lake share price’s miserly performance.
Silver Lake shares fnished down a nasty 2.36% today to $1.45 a share. This company is now down an even nastier 21% over the past 5 trading days.
What’s to blame? It seems like it’s Silver Lake’s quarterly report, released last week, that is the source of this market pessimism.
The post These 3 ASX 200 shares are the most heavily traded today appeared first on The Motley Fool Australia.
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Motley Fool contributor Sebastian Bowen owns shares of Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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