The S&P/ASX 200 Index (ASX: XJO) has had a rather rough end to the trading week so far this Friday. At the time of writing, the ASX 200 has gone backwards by a nasty 0.96%, and is currently sitting at 7,403 points.
But rather than letting that ruin our weekend, let’s take a deeper dive into the ASX 200 shares currently topping the ASX trading volume charts, according to investing.com.
The 3 most traded ASX 200 shares by volume on Friday
Alumina Limited (ASX: AWC)
ASX 200 aluminium producer Alumina is our first share up today. This resources company has had a sizeable 10.07 million of its shares bought and sold thus far this Friday. With no news or announcements out of Alumina today (apart from some routine paperwork), we can probably say that this volume is the result of the healthy bump that the company’s shares have enjoyed. Alumina is presently up a healthy 3.25% at $2.06 a share, likely enough to cause this elevated volume we see.
Pilbara Minerals Ltd (ASX: PLS)
Pilbara Minerals is our next ASX 200 share up this Friday. This lithium producer has watched 10.23 million of its shares swap owners this Friday. Unfortunately, this seems to be the result of a share price fall. Pilbara shares have lost 0.54% as it stands at the time of writing at $3.70 a share. But earlier in the day, the company plumbed depths as low as $3.64 a share. It’s this loss and volatility that is probably behind Pilbara’s presence on this list today.
Telstra Corproation Ltd (ASX: TLS)
Finally, Telstra is currently taking the top spot as the ASX 200’s most traded share of the day thus far. This ASX 200 telco has seen a hefty 20.97 million of its shares trade hands today so far. Again, there isn’t too much in the way of news or announcements out of the company.
As such, we can again likely put this volume down to the company’s share price movements. Like Alumina, Telstra is defying the market today with a present gain of 0.6% at $4.24 a share. However, Telstra also rose a lot higher earlier today, reaching as high as 44.28 a share, a new 52-week high for the telco. This is probably the smoking gun behind the high volume metrics we are witnessing for the company.
The post Here are the 3 most heavily traded ASX 200 shares this Friday 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. 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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