The S&P/ASX 200 Index (ASX: XJO) is having a pretty awful trading day so far on Thursday, sorry to say. At the time of writing, the ASX 200 is down a nasty 2.72% at 7,360 points and has been falling steadily all day.
But rather than letting that drag us down, let’s instead dig into the ASX 200 shares topping the ASX 200’s share volume numbers, according to investing.com.
3 most traded ASX 200 shares by volume on Thursday
Telstra Corporation Ltd (ASX: TLS)
ASX 200 telco share Telstra is our first company to check out today. This blue chip has had a notable 7.78 million of its shares bought and sold thus far this Thursday.
With no new developments out of Telstra today, this volume is likely the result of the share price fall Telstra has gone though so far. This telco has given up 1.2% so far today and is asking $4.14 a share at the time of writing. This is probably responsible for so many shares trading today.
Zip Co Ltd (ASX: Z1P)
ASX 200 buy now, pay later (BNPL) share Zip is our next share to check out. Zip Co has had a sizeable 9.56 million of its share find a new home thus far today.
With no fresh news or announcements out of Zip, we can probably put this elevated trading volume down to the nasty share price fall this company has endured so far this Thursday. Zip shares are presently down a depressing 6% or so after hitting a new 52-week low of $3.80 earlier in today’s session. This is the likely culprit for Zip’s high volume.
Pilbara Minerals Ltd (ASX: PLS)
And today’s final and most traded ASX 200 share so far is none other than lithium producer Pilbara Minerals. A hefty 20.04 million Pilbara shares have flown around the markets thus far today. Again, there isn’t much in the way of developments out of this company today.
So as such, we can speculate that this high volume is the result of the sizeable share price slump Pilbara has suffered through. This lithium share is currently down by 4.05% at $3.44 a share after dropping as low as $3.41 earlier in the trading day.
The post Here are the 3 most heavily traded ASX 200 shares this Thursday appeared first on The Motley Fool Australia.
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Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended ZIPCOLTD FPO. 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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