The S&P/ASX 200 Index (ASX: XJO) is having an interesting trading session so far this Wednesday. At the time of writing, the ASX 200 has gone backwards by 0.31% at 7,566 points after initially spiking into positive territory this morning.
Rather than trying to figure that all out, let’s instead dig into the ASX 200 shares topping the ASX 200’s market volume charts, according to investing.com.
3 most traded ASX 200 shares by volume this Wednesday
Telstra Corporation Ltd (ASX: TLS)
ASX 200 telco Telstra is the first stone to turn over today. This telecommunications giant has had a hearty 9.07 million of its shares trade on the markets thus far this Wednesday. That’s despite not much in the way of news announcements or developments from the company.
So perhaps this high volume is the result of the movements in the Telstra share price. Telstra shares are currently down by 0.6% at $4.20 a share after hitting a new 52-week high of $4.23 earlier this morning. This is probably why we are seeing Telstra on this list today.
Scentre Group (ASX: SCG)
ASX 200 real estate investment trust (REIT) Scentre is next up. The owner of the Westfield brand in Australia and New Zealand has had 9.43 million of its shares find new owners thus far today.
Again, it’s not entirely clear why so many Scentre shares are flying around the markets today. It could be the result of the Scentre unit price’s wild gyrations this Wednesday. At the time of writing, Scentre is down by 0.3% at $3.24, but earlier today we saw this REIT rise as high as $3.30 (up 1.25%). It’s probably this volatility that is behind this elevated volume.
Pilbara Minerals Ltd (ASX: PLS)
To perhaps no one’s surprise, Pilbara Minerals is the ASX 200’s most traded share thus far today, as is often the case. This lithium producer has seen a sizeable 19.5 million shares bought and sold so far this Wednesday. Again, there have been no fresh developments out of the company itself.
However, we have seen the Pilbara share price continue to charge higher. It’s currently up by 1.42% at $3.57 a share, but hit a new all-time high of $3.61 earlier in today’s session. This is the likely reason we see Pilbara at the top of the table this afternoon.
The post These 3 ASX 200 shares are topping the volume charts on Wednesday appeared first on The Motley Fool Australia.
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More reading
- ASX 200 (ASX:XJO) midday update: Afterpay hits 52-week low, energy shares rise
- The Telstra (ASX:TLS) share price has been rising, so why is the dividend shrinking?
- LNG hit record highs in 2021 so why did the Santos (ASX:STO) share price struggle?
- The 5 best ASX lithium stocks of 2021
- How the Pilbara Minerals (ASX:PLS) share price surged 268% higher in 2021
Motley Fool contributor Sebastian Bowen owns 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 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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